Masco (MAS – Research Report) received a Hold rating and a $79.00 price target from Loop Capital Markets analyst Garik Shmois today. The company’s shares closed yesterday at $73.32.
According to TipRanks, Shmois is a 5-star analyst with an average return of 16.1% and a 75.64% success rate. Shmois covers the Industrials sector, focusing on stocks such as Carlisle Companies, Masco, and Fortune Brands Innovations.
Masco has an analyst consensus of Moderate Buy, with a price target consensus of $78.25, representing a 6.72% upside. In a report released today, Citi also maintained a Hold rating on the stock with a $74.00 price target.
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Based on Masco’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.88 billion and a net profit of $191 million. In comparison, last year the company earned a revenue of $1.92 billion and had a net profit of $115 million
Based on the recent corporate insider activity of 49 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. Most recently, in December 2023, Kenneth Cole, the VP, General Counsel and Sec. of MAS sold 27,043.00 shares for a total of $1,689,376.21.
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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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