Toronto Dominion Bank Boosts Position in Masco Co. (NYSE:MAS)

Toronto Dominion Bank increased its holdings in shares of Masco Co. (NYSE:MAS) by 16.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 142,652 shares of the construction company’s stock after acquiring an additional 20,666 shares during the quarter. Toronto Dominion Bank’s holdings in Masco were worth $11,252,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MAS. Versant Capital Management Inc lifted its stake in Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after buying an additional 136 shares during the last quarter. Ballentine Partners LLC lifted its stake in Masco by 2.5% in the first quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock valued at $435,000 after buying an additional 137 shares during the last quarter. Blair William & Co. IL lifted its stake in Masco by 1.8% in the first quarter. Blair William & Co. IL now owns 9,516 shares of the construction company’s stock valued at $751,000 after buying an additional 165 shares during the last quarter. Patten & Patten Inc. TN lifted its stake in Masco by 1.6% in the first quarter. Patten & Patten Inc. TN now owns 10,618 shares of the construction company’s stock valued at $838,000 after buying an additional 169 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Masco by 70.1% in the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock valued at $34,000 after buying an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Price Performance

Masco stock traded up $1.61 during trading hours on Friday, hitting $77.45. The stock had a trading volume of 2,520,031 shares, compared to its average volume of 1,974,535. The company has a debt-to-equity ratio of 18.76, a current ratio of 1.74 and a quick ratio of 1.09. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.87 and a beta of 1.24. Masco Co. has a 1-year low of $47.66 and a 1-year high of $78.94. The stock’s fifty day moving average is $68.78 and its two-hundred day moving average is $71.25.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.04. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a return on equity of 865.37% and a net margin of 11.60%. Masco’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.19 earnings per share. As a group, analysts predict that Masco Co. will post 4.08 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 2nd will be given a $0.29 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. Masco’s dividend payout ratio is currently 28.43%.

Analyst Upgrades and Downgrades

MAS has been the subject of a number of research reports. Truist Financial boosted their price objective on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday. Loop Capital cut their price target on Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Royal Bank of Canada upped their price objective on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Citigroup dropped their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $74.57.

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.