Trust Co. of Toledo NA OH Acquires 916 Shares of Masco Co. (NYSE:MAS)

Trust Co. of Toledo NA OH lifted its holdings in shares of Masco Co. (NYSE:MAS) by 16.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,425 shares of the construction company’s stock after purchasing an additional 916 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Masco were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAS. Czech National Bank boosted its stake in Masco by 5.2% in the 4th quarter. Czech National Bank now owns 46,779 shares of the construction company’s stock valued at $3,395,000 after purchasing an additional 2,320 shares during the period. ORG Wealth Partners LLC bought a new stake in Masco in the 4th quarter valued at $27,000. Iowa State Bank boosted its stake in Masco by 0.6% in the 4th quarter. Iowa State Bank now owns 50,751 shares of the construction company’s stock valued at $3,683,000 after purchasing an additional 287 shares during the period. CWA Asset Management Group LLC boosted its stake in Masco by 26.9% in the 4th quarter. CWA Asset Management Group LLC now owns 31,887 shares of the construction company’s stock valued at $2,314,000 after purchasing an additional 6,768 shares during the period. Finally, Pensionfund Sabic boosted its stake in Masco by 20.0% in the 4th quarter. Pensionfund Sabic now owns 18,000 shares of the construction company’s stock valued at $1,306,000 after purchasing an additional 3,000 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on MAS shares. Truist Financial boosted their price target on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $85.00 price target (down from $92.00) on shares of Masco in a research note on Tuesday, December 17th. Robert W. Baird reduced their price target on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Oppenheimer raised Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a report on Friday. Finally, Royal Bank of Canada cut Masco from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.96.

Masco Price Performance

Masco stock opened at $73.52 on Tuesday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The stock has a market capitalization of $15.86 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. The stock has a fifty day moving average of $77.08 and a 200-day moving average of $77.39.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the firm earned $1.00 EPS. Masco’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts expect that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.58%. Masco’s dividend payout ratio (DPR) is currently 30.85%.

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.