Fintel reports that on September 29, 2023, Loop Capital maintained coverage of Masco (NYSE:MAS) with a Hold recommendation.
Analyst Price Forecast Suggests 26.71% Upside
As of August 31, 2023, the average one-year price target for Masco is 67.73. The forecasts range from a low of 45.45 to a high of $78.75. The average price target represents an increase of 26.71% from its latest reported closing price of 53.45.
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The projected annual revenue for Masco is 8,319MM, an increase of 1.04%. The projected annual non-GAAP EPS is 3.71.
What is the Fund Sentiment?
There are 1408 funds or institutions reporting positions in Masco. This is a decrease of 23 owner(s) or 1.61% in the last quarter. Average portfolio weight of all funds dedicated to MAS is 0.20%, an increase of 5.70%. Total shares owned by institutions decreased in the last three months by 1.58% to 254,179K shares. 
The put/call ratio of MAS is 0.73, indicating a bullish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 13,365K shares representing 5.94% ownership of the company. In it's prior filing, the firm reported owning 19,086K shares, representing a decrease of 42.80%. The firm decreased its portfolio allocation in MAS by 22.17% over the last quarter.
Harris Associates L P holds 9,728K shares representing 4.33% ownership of the company. In it's prior filing, the firm reported owning 8,947K shares, representing an increase of 8.03%. The firm increased its portfolio allocation in MAS by 23.56% over the last quarter.
Boston Partners holds 8,662K shares representing 3.85% ownership of the company. In it's prior filing, the firm reported owning 8,710K shares, representing a decrease of 0.56%. The firm increased its portfolio allocation in MAS by 188.30% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,032K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 6,976K shares, representing an increase of 0.80%. The firm increased its portfolio allocation in MAS by 7.34% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 5,358K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 5,259K shares, representing an increase of 1.84%. The firm increased its portfolio allocation in MAS by 6.48% over the last quarter.
Masco Background Information
(This description is provided by the company.)
Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; Kichler® decorative and outdoor lighting; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders.
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This story originally appeared on Fintel.
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