TD Private Client Wealth LLC Cuts Position in Masco Corporation (NYSE:MAS)

TD Private Client Wealth LLC cut its holdings in Masco Corporation (NYSE:MAS - Free Report) by 46.5% in the first quarter, according to the company in its most recent disclosure with the SEC. 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 quarter.

A number of other institutional investors have also recently made changes to their positions in MAS. Proficio Capital Partners LLC purchased a new stake in Masco in the 4th quarter worth about $7,512,000. Raymond James Financial Inc. purchased a new position in shares of Masco in the 4th quarter valued at $33,157,000. Daiwa Securities Group Inc. boosted its holdings in shares of Masco by 6.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 28,673 shares of the construction company's stock valued at $2,081,000 after buying an additional 1,819 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in Masco by 3.9% during the 4th quarter. Johnson Investment Counsel Inc. now owns 10,123 shares of the construction company's stock worth $735,000 after buying an additional 382 shares during the last quarter. Finally, Independent Advisor Alliance increased its stake in Masco by 26.9% during the 4th quarter. Independent Advisor Alliance now owns 3,789 shares of the construction company's stock valued at $275,000 after purchasing an additional 804 shares in the last quarter. Institutional investors own 93.91% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on MAS. Loop Capital set a $62.00 price target on shares of Masco and gave the company a "hold" rating in a report on Thursday, April 24th. Evercore ISI lowered their price objective on Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Truist Financial decreased their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Masco has an average rating of "Hold" and an average price target of $73.63.

Masco Price Performance

Shares of MAS stock traded down $1.66 during trading hours on Friday, reaching $65.84. 1,808,047 shares of the stock were exchanged, compared to its average volume of 1,832,589. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.70. The business's fifty day moving average is $63.90 and its two-hundred day moving average is $68.80. The firm has a market capitalization of $13.89 billion, a P/E ratio of 16.71, a P/E/G ratio of 2.57 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the business posted $0.93 EPS. Masco's revenue was down 6.5% on a year-over-year basis. As a group, equities research analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal 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 paid a dividend of $0.31 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 1.88%. Masco's dividend payout ratio (DPR) 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.