Todd Asset Management LLC Has $31.85 Million Stake in Masco Co. (NYSE:MAS)

Todd Asset Management LLC lessened its stake in Masco Co. (NYSE:MAS) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 475,509 shares of the construction company’s stock after selling 4,580 shares during the period. Todd Asset Management LLC’s holdings in Masco were worth $31,850,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Axxcess Wealth Management LLC grew its position in shares of Masco by 306.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 18,721 shares of the construction company’s stock worth $1,254,000 after buying an additional 14,110 shares during the period. Power Wealth Management LLC acquired a new position in shares of Masco in the fourth quarter valued at approximately $232,000. M&T Bank Corp raised its holdings in shares of Masco by 1.9% during the fourth quarter. M&T Bank Corp now owns 12,899 shares of the construction company’s stock worth $864,000 after acquiring an additional 243 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Masco by 87,241.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 117,037 shares of the construction company’s stock worth $7,840,000 after purchasing an additional 116,903 shares during the period. Finally, Amalgamated Bank increased its holdings in Masco by 6.9% during the 4th quarter. Amalgamated Bank now owns 66,595 shares of the construction company’s stock worth $4,461,000 after purchasing an additional 4,289 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 36,210 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the completion of the sale, the vice president now directly owns 58,885 shares in the company, valued at $4,395,765.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Masco news, VP Kenneth G. Cole sold 36,210 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the transaction, the vice president now owns 58,885 shares in the company, valued at $4,395,765.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jai Shah sold 42,552 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total value of $3,249,270.72. Following the completion of the sale, the insider now directly owns 15,830 shares of the company’s stock, valued at $1,208,778.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,762 shares of company stock valued at $6,337,597. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MAS has been the subject of a number of recent research reports. Oppenheimer initiated coverage on Masco in a research report on Friday, January 19th. They set a “market perform” rating for the company. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research report on Friday. Evercore ISI dropped their price target on Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research note on Thursday, April 25th. Citigroup lifted their target price on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, Loop Capital reduced their price target on Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Masco presently has an average rating of “Moderate Buy” and a consensus target price of $72.15.

Masco Trading Up 0.8 %

Shares of MAS stock traded up $0.58 during mid-day trading on Friday, reaching $69.56. 1,392,157 shares of the stock traded hands, compared to its average volume of 2,044,926. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28. Masco Co. has a 1-year low of $47.66 and a 1-year high of $78.94. The stock’s fifty day simple moving average is $74.68 and its two-hundred day simple moving average is $67.57. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. Masco’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 earnings per share. On average, research analysts anticipate that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Thursday, February 22nd were given a dividend of $0.29 per share. This is a positive change from Masco’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.16 annualized dividend and a dividend yield of 1.67%. Masco’s dividend payout ratio is presently 28.43%.

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.