Advisors Preferred LLC Buys Shares of 27,500 Masco Corporation $MAS

Key Points

• Advisors Preferred LLC purchased 27,500 shares of Masco worth approximately $2.28 million, while institutional investors collectively own 93.91% of the company’s stock.
• Analyst sentiment is mixed: seven analysts rate Masco a Buy, ten recommend Hold, and one rates it Sell, resulting in an overall “Hold” rating and an average price target of $79.87.
• Masco exceeded quarterly earnings expectations with $1.64 EPS but reported a 2.9% year-over-year revenue decline. The company also announced a $0.32 quarterly dividend and authorized a $300 million share-repurchase program.

Advisors Preferred LLC purchased a new stake in Masco Corporation (NYSE:MAS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 27,500 shares of the construction company's stock, valued at approximately $2,276,000.

Several other institutional investors have also recently made changes to their positions in MAS. BlackRock Inc. purchased a new stake in Masco in the 2nd quarter valued at about $1,278,943,000. State Street Corp lifted its stake in Masco by 0.6% during the 4th quarter. State Street Corp now owns 10,235,505 shares of the construction company's stock worth $649,545,000 after acquiring an additional 60,430 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Masco by 19.2% during the 4th quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company's stock worth $384,776,000 after acquiring an additional 977,684 shares in the last quarter. Boston Partners boosted its holdings in Masco by 1.0% during the 3rd quarter. Boston Partners now owns 5,850,170 shares of the construction company's stock valued at $411,832,000 after acquiring an additional 58,609 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Masco by 76.1% during the 4th quarter. Wellington Management Group LLP now owns 4,826,584 shares of the construction company's stock valued at $306,295,000 after acquiring an additional 2,085,454 shares during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MAS shares. The Goldman Sachs Group boosted their price target on shares of Masco from $79.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Zacks Research cut shares of Masco from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Truist Financial reduced their target price on shares of Masco from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Royal Bank Of Canada raised their price target on shares of Masco from $67.00 to $72.00 and gave the company a "sector perform" rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings raised Masco from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, June 23rd. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $79.87.

Masco Stock Performance

Shares of Masco stock opened at $73.39 on Friday. Masco Corporation has a one year low of $58.16 and a one year high of $83.64. The company has a market cap of $14.47 billion, a PE ratio of 16.87, a P/E/G ratio of 1.90 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The business has a 50-day simple moving average of $76.81 and a 200-day simple moving average of $70.98.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter last year, the company earned $1.30 earnings per share. The firm's revenue was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities research analysts forecast that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 24th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th. Masco's payout ratio is 29.43%.

Masco announced that its board has authorized a share buyback plan on Thursday, May 7th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company's product offerings are organized into two primary segments.

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