Cetera Investment Advisers Acquires 4,544 Shares of Masco Corporation $MAS

Cetera Investment Advisers boosted its holdings in shares of Masco Corporation (NYSE:MAS) by 13.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,400 shares of the construction company’s stock after acquiring an additional 4,544 shares during the quarter. Cetera Investment Advisers’ holdings in Masco were worth $2,471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Costello Asset Management INC bought a new position in shares of Masco in the first quarter worth about $31,000. Steph & Co. purchased a new stake in Masco in the 2nd quarter valued at about $39,000. Stone House Investment Management LLC bought a new position in Masco in the 1st quarter worth about $50,000. True Wealth Design LLC increased its position in shares of Masco by 716.0% during the second quarter. True Wealth Design LLC now owns 865 shares of the construction company’s stock worth $56,000 after acquiring an additional 759 shares during the period. Finally, Ransom Advisory Ltd bought a new stake in shares of Masco during the first quarter valued at approximately $68,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Up 0.7%

MAS opened at $64.87 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53. The firm has a market cap of $13.47 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.69 and a beta of 1.17. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18. The stock has a fifty day moving average price of $66.04 and a 200-day moving average price of $67.20.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. Masco’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, equities research analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Friday, November 7th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, November 7th. Masco’s payout ratio is 31.79%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MAS shares. Barclays dropped their price objective on Masco from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Vertical Research began coverage on Masco in a report on Monday, October 20th. They issued a “hold” rating for the company. Wells Fargo & Company dropped their price target on Masco from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Evercore ISI lowered their price objective on shares of Masco from $75.00 to $70.00 and set an “in-line” rating for the company in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Masco presently has a consensus rating of “Hold” and a consensus target price of $73.53.

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.