Masco Corporation (NYSE:MAS) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. lowered its position in Masco Corporation (NYSE:MAS) by 8.7% during the second quarter, Holdings Channel reports. The firm owned 737,478 shares of the construction company’s stock after selling 70,267 shares during the period. TD Asset Management Inc.’s holdings in Masco Corporation were worth $28,179,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of MAS. Boys Arnold & Co. Inc. boosted its position in Masco Corporation by 99.5% in the first quarter. Boys Arnold & Co. Inc. now owns 21,950 shares of the construction company’s stock worth $746,000 after buying an additional 10,950 shares during the period. Bollard Group LLC boosted its position in Masco Corporation by 0.3% in the first quarter. Bollard Group LLC now owns 42,445 shares of the construction company’s stock worth $1,443,000 after buying an additional 124 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in Masco Corporation during the first quarter worth approximately $323,000. DnB Asset Management AS boosted its position in Masco Corporation by 30.9% in the first quarter. DnB Asset Management AS now owns 46,569 shares of the construction company’s stock worth $1,583,000 after buying an additional 11,000 shares during the period. Finally, Iowa State Bank boosted its position in Masco Corporation by 3.2% in the first quarter. Iowa State Bank now owns 51,930 shares of the construction company’s stock worth $1,765,000 after buying an additional 1,615 shares during the period. 89.90% of the stock is owned by institutional investors.
Shares of Masco Corporation (NYSE MAS) opened at 36.45 on Friday. The firm has a market cap of $11.50 billion, a PE ratio of 22.54 and a beta of 1.56. Masco Corporation has a 52 week low of $29.38 and a 52 week high of $39.37. The stock has a 50 day moving average price of $38.27 and a 200 day moving average price of $35.90.
Masco Corporation (NYSE:MAS) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. Equities analysts expect that Masco Corporation will post $1.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, July 14th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.10%. Masco Corporation’s dividend payout ratio is currently 24.69%.
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A number of equities analysts have recently commented on the company. Credit Suisse Group assumed coverage on Masco Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $36.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $43.00 target price on shares of Masco Corporation in a report on Tuesday, July 18th. Zacks Investment Research cut Masco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub raised Masco Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Masco Corporation in a report on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Masco Corporation has an average rating of “Buy” and a consensus price target of $40.79.
In other news, VP Renee Straber sold 4,452 shares of Masco Corporation stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $38.58, for a total value of $171,758.16. Following the transaction, the vice president now owns 65,961 shares in the company, valued at $2,544,775.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard A. Manoogian sold 61,340 shares of Masco Corporation stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $36.99, for a total value of $2,268,966.60. Following the completion of the transaction, the director now owns 716,885 shares in the company, valued at approximately $26,517,576.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,602 shares of company stock worth $6,528,540. Company insiders own 1.30% of the company’s stock.
About Masco Corporation
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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