TD Asset Management Inc reduced its stake in shares of Masco Corporation (NYSE:MAS – Free Report) by 29.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,455 shares of the construction company’s stock after selling 66,253 shares during the quarter. TD Asset Management Inc’s holdings in Masco were worth $10,246,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Rossby Financial LCC lifted its stake in shares of Masco by 134.2% during the 3rd quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock worth $26,000 after purchasing an additional 212 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Masco during the 3rd quarter worth $26,000. Bogart Wealth LLC lifted its stake in shares of Masco by 2,550.0% during the 4th quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after purchasing an additional 408 shares during the last quarter. Community Bank N.A. purchased a new stake in shares of Masco during the 3rd quarter worth $34,000. Finally, Headlands Technologies LLC lifted its stake in shares of Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after purchasing an additional 293 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently weighed in on MAS. The Goldman Sachs Group upped their price objective on Masco from $79.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. UBS Group upped their price objective on Masco from $96.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Wells Fargo & Company upped their price objective on Masco from $70.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. BMO Capital Markets decreased their price objective on Masco from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, April 20th. Finally, Royal Bank Of Canada upped their price objective on Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 23rd. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Masco presently has an average rating of “Hold” and an average target price of $80.07.
Masco Trading Up 5.0%
Shares of NYSE:MAS opened at $72.39 on Wednesday. The business’s 50-day moving average is $67.41 and its 200 day moving average is $66.92. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $79.19. The firm has a market capitalization of $14.60 billion, a P/E ratio of 17.96, a P/E/G ratio of 1.70 and a beta of 1.31. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.75 and a quick ratio of 1.11.
Masco (NYSE:MAS – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.16. Masco had a return on equity of 815.20% and a net margin of 10.90%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, research analysts predict that Masco Corporation will post 4.25 earnings per share for the current fiscal year.
Masco Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, May 22nd. Masco’s payout ratio is presently 31.76%.
Masco announced that its board has authorized a stock buyback plan on Tuesday, February 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
About Masco
Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.
The company’s product offerings are organized into two primary segments.
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