Toronto Dominion Bank boosted its position in shares of Masco Corporation (NYSE:MAS) by 25.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 108,391 shares of the construction company’s stock after buying an additional 21,863 shares during the quarter. Toronto Dominion Bank’s holdings in Masco Corporation were worth $4,141,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MAS. Cetera Investment Advisers raised its position in shares of Masco Corporation by 26.0% during the 2nd quarter. Cetera Investment Advisers now owns 13,432 shares of the construction company’s stock valued at $513,000 after acquiring an additional 2,770 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Masco Corporation by 27.6% during the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after acquiring an additional 763 shares during the last quarter. Colony Group LLC bought a new stake in shares of Masco Corporation during the 2nd quarter valued at $609,000. Krilogy Financial LLC raised its position in shares of Masco Corporation by 2.8% during the 2nd quarter. Krilogy Financial LLC now owns 7,410 shares of the construction company’s stock valued at $283,000 after acquiring an additional 200 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in shares of Masco Corporation by 1.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,474 shares of the construction company’s stock valued at $286,000 after acquiring an additional 105 shares during the last quarter. 88.27% of the stock is currently owned by hedge funds and other institutional investors.

MAS has been the subject of several recent research reports. Zacks Investment Research cut shares of Masco Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday, October 3rd. Barclays PLC upped their target price on shares of Masco Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Robert W. Baird reiterated a “buy” rating and set a $42.00 target price on shares of Masco Corporation in a research report on Monday, August 28th. KeyCorp reiterated a “hold” rating on shares of Masco Corporation in a research report on Tuesday, September 26th. Finally, Credit Suisse Group set a $36.00 target price on shares of Masco Corporation and gave the company a “hold” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Masco Corporation currently has a consensus rating of “Buy” and an average price target of $40.92.

In other Masco Corporation news, insider Joseph B. Gross sold 2,337 shares of Masco Corporation stock in a transaction on Friday, September 8th. The shares were sold at an average price of $37.53, for a total value of $87,707.61. Following the completion of the sale, the insider now directly owns 56,935 shares of the company’s stock, valued at $2,136,770.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Richard A. O’reagan sold 19,498 shares of Masco Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.18, for a total transaction of $744,433.64. Following the completion of the sale, the insider now directly owns 91,154 shares of the company’s stock, valued at $3,480,259.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,101 shares of company stock valued at $916,799. Insiders own 1.30% of the company’s stock.

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Shares of Masco Corporation (MAS) opened at 40.09 on Friday. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $40.11. The company has a market cap of $12.64 billion, a PE ratio of 24.79 and a beta of 1.54. The company has a 50 day moving average of $38.30 and a 200-day moving average of $37.37.

Masco Corporation (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Analysts forecast that Masco Corporation will post $1.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, October 13th will be paid a $0.105 dividend. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, October 12th. Masco Corporation’s payout ratio is 25.93%.

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.

Institutional Ownership by Quarter for Masco Corporation (NYSE:MAS)

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