Masco Co. (NYSE:MAS) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its stake in Masco Co. (NYSE:MAS - Free Report) by 4.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 132,033 shares of the construction company's stock after acquiring an additional 5,431 shares during the period. Toronto Dominion Bank owned about 0.06% of Masco worth $9,581,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of Masco in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC purchased a new stake in shares of Masco during the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Masco during the 4th quarter worth approximately $42,000. GeoWealth Management LLC raised its position in Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after purchasing an additional 322 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in Masco by 74.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock valued at $56,000 after purchasing an additional 330 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Masco news, VP Renee Straber sold 3,139 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total transaction of $225,317.42. Following the sale, the vice president now directly owns 33,027 shares in the company, valued at approximately $2,370,678.06. The trade was a 8.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

MAS has been the subject of a number of analyst reports. Loop Capital set a $62.00 price objective on shares of Masco and gave the stock a "hold" rating in a research report on Thursday, April 24th. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Wells Fargo & Company upped their price target on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Evercore ISI reduced their price objective on shares of Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Finally, Jefferies Financial Group dropped their price objective on shares of Masco from $64.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Masco currently has an average rating of "Hold" and a consensus target price of $73.63.

Masco Stock Down 1.8%

NYSE MAS traded down $1.13 during trading hours on Monday, reaching $61.29. 2,342,696 shares of the company traded hands, compared to its average volume of 1,803,326. The company has a 50 day moving average of $63.20 and a two-hundred day moving average of $71.51. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. Masco Co. has a 12 month low of $56.55 and a 12 month high of $86.70. The stock has a market capitalization of $12.93 billion, a PE ratio of 16.30, a PEG ratio of 1.94 and a beta of 1.23.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a return on equity of 838.32% and a net margin of 10.50%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the business posted $0.93 earnings per share. The company's quarterly revenue was down 6.5% compared to the same quarter last year. As a group, equities analysts expect that Masco Co. will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Friday, May 23rd will be issued a $0.31 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.02%. Masco's dividend payout ratio (DPR) is presently 33.88%.

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.