Masco Corporation (NYSE:MAS) Stake Boosted by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its stake in Masco Corporation by 12.8%, owning 33,856 shares worth approximately $2.35 million after acquiring additional shares in the first quarter.
• Analysts are mixed on Masco's prospects, with the stock receiving a consensus "Hold" rating and a price target average of $74.13 following various downgrades from previous higher ratings.
• Masco declared a quarterly dividend of $0.31 per share payable on August 25, reflecting a yield of 1.8%, with a current payout ratio of 32.89%.

Cetera Investment Advisers raised its position in Masco Corporation (NYSE:MAS - Free Report) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,856 shares of the construction company's stock after acquiring an additional 3,833 shares during the quarter. Cetera Investment Advisers' holdings in Masco were worth $2,354,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MAS. Global X Japan Co. Ltd. grew its position in shares of Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Masco during the first quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Masco during the first quarter worth approximately $33,000. GeoWealth Management LLC grew its position in shares of Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after buying an additional 322 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Masco during the first quarter worth approximately $56,000. Institutional investors and hedge funds own 93.91% of the company's stock.

Wall Street Analyst Weigh In

MAS has been the subject of a number of recent analyst reports. Baird R W downgraded shares of Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Robert W. Baird cut Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a research note on Tuesday, July 22nd. Truist Financial reduced their price objective on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Evercore ISI reduced their price objective on Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Twelve analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Masco currently has a consensus rating of "Hold" and an average price target of $74.13.

Masco Stock Performance

Shares of MAS traded down $0.04 during trading hours on Friday, reaching $69.31. 1,435,676 shares of the company's stock traded hands, compared to its average volume of 2,568,429. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 2.53 and a beta of 1.16. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The business's fifty day simple moving average is $65.33 and its two-hundred day simple moving average is $67.72.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. The company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. Analysts predict that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, August 8th. Masco's payout ratio is presently 32.89%.

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.