Toronto Dominion Bank grew its holdings in shares of Masco Corp (NYSE:MAS) by 12.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 135,738 shares of the construction company’s stock after acquiring an additional 14,831 shares during the quarter. Toronto Dominion Bank’s holdings in Masco were worth $5,965,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of MAS. Dimensional Fund Advisors LP grew its holdings in Masco by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 915,358 shares of the construction company’s stock worth $34,975,000 after acquiring an additional 4,832 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of Masco by 1.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,474 shares of the construction company’s stock valued at $286,000 after buying an additional 105 shares during the period. Advisory Services Network LLC grew its stake in shares of Masco by 27.6% in the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after buying an additional 763 shares during the period. Lord Abbett & CO. LLC grew its stake in shares of Masco by 15.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 239,859 shares of the construction company’s stock valued at $9,165,000 after buying an additional 32,267 shares during the period. Finally, Shell Asset Management Co. grew its stake in shares of Masco by 200.1% in the 3rd quarter. Shell Asset Management Co. now owns 60,537 shares of the construction company’s stock valued at $1,448,000 after buying an additional 40,364 shares during the period. Hedge funds and other institutional investors own 87.79% of the company’s stock.
Several brokerages have recently commented on MAS. Credit Suisse Group restated a “neutral” rating and issued a $46.00 target price (up from $36.00) on shares of Masco in a research note on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. cut shares of Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Zacks Investment Research cut shares of Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Royal Bank of Canada set a $46.00 target price on shares of Masco and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Masco in a research report on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.07.
Shares of Masco Corp (MAS) opened at $43.21 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.49 and a debt-to-equity ratio of 16.87. Masco Corp has a 1-year low of $32.97 and a 1-year high of $46.44. The stock has a market cap of $13,541.65, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49.
Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. equities research analysts forecast that Masco Corp will post 2.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Friday, January 12th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.97%. Masco’s dividend payout ratio (DPR) is currently 25.45%.
In other news, VP Renee Straber sold 2,574 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $42.55, for a total transaction of $109,523.70. Following the completion of the transaction, the vice president now directly owns 65,423 shares in the company, valued at approximately $2,783,748.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.
Masco Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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