TD Asset Management Inc Sells 22,432 Shares of Masco Corporation (NYSE:MAS)

TD Asset Management Inc lowered its stake in Masco Corporation (NYSE:MAS - Free Report) by 8.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 241,530 shares of the construction company's stock after selling 22,432 shares during the period. TD Asset Management Inc owned 0.11% of Masco worth $16,796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings in shares of Masco by 5.2% during the fourth quarter. LPL Financial LLC now owns 175,207 shares of the construction company's stock valued at $12,715,000 after buying an additional 8,641 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Masco by 12.1% during the fourth quarter. Blair William & Co. IL now owns 10,906 shares of the construction company's stock valued at $791,000 after buying an additional 1,174 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Masco during the fourth quarter valued at approximately $216,000. Allstate Corp purchased a new stake in shares of Masco during the fourth quarter valued at approximately $464,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Masco by 33.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,275 shares of the construction company's stock valued at $50,384,000 after buying an additional 172,175 shares during the last quarter. Institutional investors own 93.91% of the company's stock.

Masco Stock Up 3.7%

NYSE MAS traded up $2.46 on Thursday, reaching $68.19. The company had a trading volume of 5,236,384 shares, compared to its average volume of 1,957,556. The stock has a market capitalization of $14.38 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 2.68 and a beta of 1.19. The firm's 50 day moving average price is $64.50 and its 200 day moving average price is $68.14. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (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 the consensus estimate of $2 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. Masco's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 EPS. On average, research analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. Masco's dividend payout ratio (DPR) is presently 33.88%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MAS. UBS Group reiterated a "buy" rating and set a $80.00 price target (down previously from $91.00) on shares of Masco in a report on Thursday, April 24th. Truist Financial dropped their target price on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Royal Bank Of Canada dropped their target price on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group dropped their target price on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Twelve analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Masco currently has an average rating of "Hold" and an average price target of $74.03.

Masco 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.