Steward Partners Investment Advisory LLC Purchases 7,425 Shares of Masco Corporation $MAS

Steward Partners Investment Advisory LLC increased its holdings in Masco Corporation by 53.5% in Q2, owning 21,309 shares valued at $1.37 million. Other institutional investors also adjusted their stakes. Analysts have mixed ratings on Masco, with a consensus "Hold" rating and a target price of $73.53. Masco's recent earnings missed estimates, reporting $0.97 EPS against a $1.02 expectation. The company announced a quarterly dividend of $0.31 per share, yielding 1.9% annually.

Steward Partners Investment Advisory LLC grew its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 53.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,309 shares of the construction company's stock after buying an additional 7,425 shares during the period. Steward Partners Investment Advisory LLC's holdings in Masco were worth $1,371,000 as of its most recent SEC filing.

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Other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in Masco by 12.8% during the first quarter. Cetera Investment Advisers now owns 33,856 shares of the construction company's stock worth $2,354,000 after acquiring an additional 3,833 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Masco by 7.2% during the first quarter. LPL Financial LLC now owns 187,893 shares of the construction company's stock valued at $13,066,000 after purchasing an additional 12,686 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Masco in the 1st quarter worth approximately $719,000. Alberta Investment Management Corp purchased a new stake in shares of Masco in the 1st quarter worth approximately $2,921,000. Finally, PNC Financial Services Group Inc. increased its position in Masco by 5.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 88,136 shares of the construction company's stock valued at $6,129,000 after buying an additional 4,537 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Loop Capital reissued a "hold" rating and issued a $73.00 target price (up from $62.00) on shares of Masco in a report on Monday, August 4th. Evercore ISI dropped their price target on shares of Masco from $75.00 to $70.00 and set an "in-line" rating on the stock in a research note on Thursday, October 30th. Vertical Research began coverage on shares of Masco in a research note on Monday, October 20th. They set a "hold" rating for the company. Wells Fargo & Company decreased their target price on shares of Masco from $80.00 to $70.00 and set an "equal weight" rating for the company in a report on Thursday, October 30th. Finally, Argus cut their price target on shares of Masco from $82.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $73.53.

Check Out Our Latest Research Report on Masco

Masco Price Performance

MAS opened at $64.87 on Monday. The company's 50-day simple moving average is $66.04 and its two-hundred day simple moving average is $67.20. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.14 and a current ratio of 1.88. The stock has a market capitalization of $13.47 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.69 and a beta of 1.17. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $82.18.

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

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Friday, November 7th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, November 7th. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. Masco's payout ratio is currently 31.79%.

Masco Profile

(Free Report)

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.

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