RBC Capital analyst Michael Dahl maintained a Buy rating on Masco (MAS – Research Report) on January 12 and set a price target of $73.00. The company’s shares closed last Friday at $67.28.
Dahl covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, Lennar, and Mohawk. According to TipRanks, Dahl has an average return of 5.4% and a 56.73% success rate on recommended stocks.
In addition to RBC Capital, Masco also received a Buy from Wells Fargo’s Sam Reid in a report issued on January 4. However, on January 8, Loop Capital Markets maintained a Hold rating on Masco (NYSE: MAS).
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Based on Masco’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.98 billion and a net profit of $249 million. In comparison, last year the company earned a revenue of $2.2 billion and had a net profit of $218 million
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MAS in relation to earlier this year. Last month, Kenneth Cole, the VP, General Counsel and Sec. of MAS sold 27,043.00 shares for a total of $1,689,376.21.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Masco (MAS) Company Description:
Masco Corp. engages in the design, manufacture, marketing and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products and Decorative Architectural Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools. The Decorative Architectural Products segment offers paints and coating products; and cabinet, door, window, and other hardware. The company was founded by Alex Manoogian in 1929 and is headquartered in Livonia, MI.
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