TD Private Client Wealth LLC Sells 3,713 Shares of Masco Corporation (NYSE:MAS)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global X Japan Co. Ltd. boosted its position in shares of Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after purchasing an additional 208 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Masco in the 1st quarter worth $29,000. Lee Danner & Bass Inc. acquired a new stake in shares of Masco in the 4th quarter worth $42,000. GeoWealth Management LLC boosted its position in shares of Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after purchasing an additional 322 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Masco in the 1st quarter worth $56,000. Institutional investors own 93.91% of the company's stock.

Masco Stock Performance

NYSE MAS opened at $67.50 on Friday. The stock has a 50-day simple moving average of $63.90 and a two-hundred day simple moving average of $68.80. The firm has a market capitalization of $14.24 billion, a P/E ratio of 18.44, a PEG ratio of 2.55 and a beta of 1.19. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The company 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. As a group, analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's dividend payout ratio (DPR) is presently 33.88%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MAS shares. Evercore ISI lowered their price objective on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. UBS Group reissued a "buy" rating and issued a $80.00 price objective (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Truist Financial reduced their target price on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their target price on Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $73.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.