TD Asset Management Inc. grew its stake in Masco Corp (NYSE:MAS) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 825,823 shares of the construction company’s stock after buying an additional 22,162 shares during the quarter. TD Asset Management Inc.’s holdings in Masco were worth $32,463,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its position in Masco by 16.1% during the fourth quarter. BlackRock Inc. now owns 25,729,104 shares of the construction company’s stock worth $752,319,000 after acquiring an additional 3,573,503 shares in the last quarter. APG Asset Management N.V. raised its position in Masco by 1.8% during the fourth quarter. APG Asset Management N.V. now owns 7,647,312 shares of the construction company’s stock worth $195,606,000 after acquiring an additional 133,600 shares in the last quarter. Iridian Asset Management LLC CT raised its position in Masco by 16.7% during the fourth quarter. Iridian Asset Management LLC CT now owns 5,717,510 shares of the construction company’s stock worth $167,180,000 after acquiring an additional 816,091 shares in the last quarter. Two Sigma Advisers LP raised its position in Masco by 65.3% during the fourth quarter. Two Sigma Advisers LP now owns 4,736,205 shares of the construction company’s stock worth $138,487,000 after acquiring an additional 1,871,100 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in Masco by 91.3% during the fourth quarter. Two Sigma Investments LP now owns 4,293,665 shares of the construction company’s stock worth $125,547,000 after acquiring an additional 2,049,065 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of MAS traded down $0.81 during trading hours on Thursday, hitting $37.12. The company had a trading volume of 1,565,980 shares, compared to its average volume of 4,297,135. The firm has a market capitalization of $11.18 billion, a PE ratio of 14.85, a PEG ratio of 1.54 and a beta of 1.43. Masco Corp has a 12 month low of $27.03 and a 12 month high of $41.00. The company has a debt-to-equity ratio of 65.98, a current ratio of 1.43 and a quick ratio of 0.91.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.03). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.99 billion. Masco had a net margin of 8.40% and a return on equity of 675.68%. Masco’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. Analysts predict that Masco Corp will post 2.66 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Friday, April 12th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.29%. Masco’s dividend payout ratio (DPR) is presently 19.20%.

In related news, VP Kenneth G. Cole sold 23,161 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $40.03, for a total value of $927,134.83. Following the transaction, the vice president now directly owns 96,843 shares in the company, valued at $3,876,625.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John P. Lindow sold 37,795 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $39.07, for a total transaction of $1,476,650.65. Following the completion of the transaction, the vice president now owns 60,454 shares in the company, valued at $2,361,937.78. The disclosure for this sale can be found here. Insiders sold 298,940 shares of company stock worth $11,890,269 over the last 90 days. 1.17% of the stock is currently owned by corporate insiders.

MAS has been the topic of several analyst reports. TheStreet raised shares of Masco from a “c+” rating to a “b-” rating in a research report on Wednesday, February 6th. Royal Bank of Canada set a $39.00 price target on shares of Masco and gave the stock a “buy” rating in a research report on Friday, February 8th. Robert W. Baird set a $41.00 price target on shares of Masco and gave the stock a “buy” rating in a research report on Friday, February 8th. SunTrust Banks upped their price target on shares of Masco to $52.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. They noted that the move was a valuation call. Finally, Nomura upped their price target on shares of Masco from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Masco currently has a consensus rating of “Buy” and a consensus target price of $44.33.

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About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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