Masco Co. (NYSE:MAS) Receives $86.27 Consensus PT from Brokerages

Shares of Masco Co. (NYSE:MAS) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $86.04.

MAS has been the subject of several research reports. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. UBS Group lifted their target price on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird cut their price target on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Citigroup lowered their target price on Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Wells Fargo & Company decreased their price target on Masco from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th.

Institutional Trading of Masco

Several institutional investors and hedge funds have recently bought and sold shares of MAS. Assenagon Asset Management S.A. lifted its stake in shares of Masco by 956.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock valued at $83,070,000 after purchasing an additional 895,950 shares during the period. Nordea Investment Management AB grew its stake in shares of Masco by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after buying an additional 520,555 shares during the last quarter. Raymond James Financial Inc. bought a new position in Masco during the 4th quarter valued at approximately $33,157,000. KBC Group NV raised its stake in Masco by 91.6% during the fourth quarter. KBC Group NV now owns 708,830 shares of the construction company’s stock valued at $51,440,000 after buying an additional 338,925 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Masco by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 3,250,400 shares of the construction company’s stock worth $235,881,000 after acquiring an additional 299,520 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Trading Down 0.2 %

Shares of MAS stock opened at $77.27 on Monday. The business has a 50-day moving average price of $76.70 and a two-hundred day moving average price of $78.70. Masco has a 12-month low of $63.81 and a 12-month high of $86.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The firm has a market cap of $16.67 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 2.09 and a beta of 1.25.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.