After Argus Research and Nomura gave Masco Corp (NYSE: MAS) a Buy rating last month, the company received another Buy, this time from Robert W. Baird. Analyst Timothy Wojs maintained a Buy rating on Masco Corp today and set a price target of $46. The company’s shares closed last Monday at $41.29, close to its 52-week high of $43.59.
According to TipRanks.com, Wojs is a 4-star analyst with an average return of 3.3% and a 59.2% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as American Woodmark Corp, Tecnoglass Inc, and Twin Disc.
Masco Corp has an analyst consensus of Moderate Buy, with a price target consensus of $47.29, a 14.5% upside from current levels. In a report issued on September 9, Argus Research also maintained a Buy rating on the stock with a $48 price target.
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The company has a one-year high of $43.59 and a one-year low of $27.03. Currently, Masco Corp has an average volume of 2.96M.
Based on the recent corporate insider activity of 46 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, John Sznewajs, the VP & CFO of MAS sold 85,473 shares for a total of $3,493,282.
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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, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products.
