TD Asset Management Inc Boosts Stock Holdings in Masco Corporation $MAS

by · The Cerbat Gem

TD Asset Management Inc grew its holdings in Masco Corporation (NYSE:MAS – Free Report) by 5.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 254,643 shares of the construction company’s stock after buying an additional 13,113 shares during the quarter. TD Asset Management Inc’s holdings in Masco were worth $16,389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Global X Japan Co. Ltd. raised its stake in Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock worth $26,000 after buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in Masco during the 1st quarter valued at $29,000. Costello Asset Management INC purchased a new position in shares of Masco in the 1st quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Masco in the 1st quarter valued at $33,000. Finally, Steph & Co. bought a new position in shares of Masco in the 2nd quarter worth $39,000. 93.91% of the stock is currently owned by institutional investors.

Masco Trading Down 0.2%

Masco stock opened at $67.87 on Friday. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The stock has a market cap of $14.21 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. The stock has a 50-day moving average of $71.76 and a two-hundred day moving average of $66.72. Masco Corporation has a one year low of $56.55 and a one year high of $86.20.

Masco (NYSE:MAS – Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.22. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, research analysts anticipate that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. Masco’s dividend payout ratio (DPR) is currently 32.89%.

Insider Buying and Selling at Masco

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction of $181,401.22. Following the completion of the sale, the chief accounting officer owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. The trade was a 16.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jai Shah sold 82,910 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $76.04, for a total value of $6,304,476.40. Following the sale, the insider owned 39,638 shares in the company, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MAS. Oppenheimer set a $79.00 price objective on Masco and gave the company an “outperform” rating in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Masco from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. JPMorgan Chase & Co. lifted their price objective on shares of Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Wells Fargo & Company boosted their price objective on shares of Masco from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. Finally, Royal Bank Of Canada raised their target price on shares of Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.60.

View Our Latest Research Report on Masco

Masco Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corporation (NYSE:MAS – Free Report).