Trust Co. of Toledo NA OH Has $357,000 Holdings in Masco Co. (NYSE:MAS)

Trust Co. of Toledo NA OH grew its position in Masco Co. (NYSE:MAS) by 39.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,356 shares of the construction company’s stock after acquiring an additional 1,502 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Masco were worth $357,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in Masco in the 1st quarter worth about $25,000. Versant Capital Management Inc increased its holdings in shares of Masco by 62.4% during the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after acquiring an additional 136 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Masco by 70.1% during the 1st quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock valued at $34,000 after acquiring an additional 178 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after acquiring an additional 500 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in shares of Masco during the 1st quarter valued at about $43,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of MAS stock traded up $0.45 during mid-day trading on Tuesday, reaching $73.87. The stock had a trading volume of 2,847,369 shares, compared to its average volume of 1,979,171. The firm’s 50 day simple moving average is $69.77 and its 200 day simple moving average is $71.71. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. Masco Co. has a one year low of $47.66 and a one year high of $79.54. The firm has a market cap of $16.12 billion, a PE ratio of 18.11, a P/E/G ratio of 2.39 and a beta of 1.24.

Masco (NYSE:MAS) last issued its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the prior year, the firm posted $1.19 EPS. Masco’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, analysts forecast that Masco Co. will post 4.1 EPS for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 2nd will be issued a $0.29 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.57%. Masco’s payout ratio is presently 28.43%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Loop Capital lowered their price objective on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Barclays increased their target price on Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Royal Bank of Canada increased their target price on Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Jefferies Financial Group increased their target price on Masco from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Truist Financial increased their target price on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Masco presently has a consensus rating of “Moderate Buy” and an average price target of $77.58.

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.