Masco Corporation (NYSE:MAS) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its holdings in Masco Corporation (NYSE:MAS - Free Report) by 46.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,265 shares of the construction company's stock after selling 3,713 shares during the period. TD Private Client Wealth LLC's holdings in Masco were worth $297,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MAS. Norges Bank bought a new stake in Masco in the fourth quarter worth $129,306,000. Wealthquest Corp bought a new position in Masco during the first quarter valued at $111,722,000. GAMMA Investing LLC increased its position in Masco by 11,690.9% during the first quarter. GAMMA Investing LLC now owns 911,669 shares of the construction company's stock valued at $63,397,000 after acquiring an additional 903,937 shares during the last quarter. Raymond James Financial Inc. bought a new position in Masco during the fourth quarter valued at $33,157,000. Finally, Freestone Grove Partners LP bought a new position in Masco during the fourth quarter valued at $30,678,000. Institutional investors own 93.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MAS shares. The Goldman Sachs Group cut their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Robert W. Baird cut their price objective on shares of Masco from $72.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Barclays set a $71.00 price target on shares of Masco and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Evercore ISI cut their price target on shares of Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $73.63.

Masco Stock Up 0.1%

NYSE:MAS traded up $0.06 during mid-day trading on Monday, reaching $65.91. The company's stock had a trading volume of 1,724,573 shares, compared to its average volume of 1,830,373. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70. The stock has a fifty day moving average of $63.97 and a 200-day moving average of $68.67. The firm has a market capitalization of $13.90 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05). The firm had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.84 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The business's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. On average, analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's payout ratio is 33.88%.

About Masco

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.