Advisors Preferred LLC Takes $1.92 Million Position in Masco Corporation (NYSE:MAS)

Advisors Preferred LLC purchased a new stake in Masco Corporation (NYSE:MAS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 27,500 shares of the construction company's stock, valued at approximately $1,921,000.

Other hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP grew its position in Masco by 40.2% in the fourth quarter. Quantbot Technologies LP now owns 11,351 shares of the construction company's stock valued at $824,000 after acquiring an additional 3,257 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in Masco by 44.5% during the 4th quarter. Mizuho Securities USA LLC now owns 20,448 shares of the construction company's stock valued at $1,484,000 after purchasing an additional 6,296 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Masco during the 4th quarter valued at $5,542,000. LPL Financial LLC grew its holdings in Masco by 5.2% during the 4th quarter. LPL Financial LLC now owns 175,207 shares of the construction company's stock valued at $12,715,000 after purchasing an additional 8,641 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Masco during the fourth quarter worth approximately $109,000. Hedge funds and other institutional investors own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

MAS has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group decreased their price objective on shares of Masco from $64.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Truist Financial decreased their price objective on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Barclays lifted their price objective on shares of Masco from $71.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, UBS Group reiterated a "buy" rating and issued a $80.00 target price (down from $91.00) on shares of Masco in a research note on Thursday, April 24th. Twelve analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $74.03.

Masco Stock Performance

Shares of Masco stock traded up $0.32 during trading on Friday, hitting $67.75. 1,588,019 shares of the stock traded hands, compared to its average volume of 2,089,645. The stock has a market cap of $14.29 billion, a P/E ratio of 18.51, a PEG ratio of 2.77 and a beta of 1.19. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The company has a fifty day moving average price of $64.30 and a two-hundred day moving average price of $68.32.

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 the consensus estimate of $0.92 by ($0.05). Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.83%. Masco's dividend payout ratio (DPR) is presently 33.88%.

About Masco

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.