11,854 Shares in Masco Corporation (NYSE:MAS) Bought by MQS Management LLC

MQS Management LLC bought a new position in Masco Corporation (NYSE:MAS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,854 shares of the construction company's stock, valued at approximately $824,000.

Other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC grew its holdings in shares of Masco by 8.2% during the first quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock valued at $188,000 after buying an additional 204 shares in the last quarter. Wedmont Private Capital grew its stake in Masco by 4.9% in the first quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock valued at $311,000 after purchasing an additional 208 shares in the last quarter. Global X Japan Co. Ltd. grew its stake in Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after purchasing an additional 208 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Masco by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company's stock valued at $1,726,000 after purchasing an additional 235 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Masco by 9.1% in the first quarter. UMB Bank n.a. now owns 2,973 shares of the construction company's stock valued at $207,000 after purchasing an additional 249 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Price Performance

MAS traded down $0.44 during trading on Monday, hitting $65.41. 439,467 shares of the stock traded hands, compared to its average volume of 2,086,669. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The company has a market cap of $13.80 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 2.51 and a beta of 1.19. The business has a 50 day moving average price of $63.97 and a 200 day moving average price of $68.67.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.84 billion. Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The business's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. On average, equities research analysts predict that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.31 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.90%. Masco's payout ratio is presently 33.88%.

Analysts Set New Price Targets

A number of brokerages have weighed in on MAS. Barclays set a $71.00 price target on Masco and gave the stock an "overweight" rating in a research report on Thursday, April 24th. UBS Group reiterated a "buy" rating and issued a $80.00 price objective (down from $91.00) on shares of Masco in a research note on Thursday, April 24th. Jefferies Financial Group reduced their price objective on Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Robert W. Baird decreased their price objective on Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, Truist Financial cut their price objective on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $73.63.

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.