Trust Co. of Toledo NA OH Has $466,000 Stake in Masco Co. (NYSE:MAS)

Trust Co. of Toledo NA OH raised its stake in Masco Co. (NYSE:MAS) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,425 shares of the construction company’s stock after buying 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.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of Masco by 20.6% during the third quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock worth $28,147,000 after purchasing an additional 56,626 shares during the period. Seizert Capital Partners LLC raised its position in shares of Masco by 21.7% during the third quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock worth $45,364,000 after purchasing an additional 96,415 shares during the period. Hsbc Holdings PLC raised its position in shares of Masco by 11.6% during the second quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company’s stock worth $30,932,000 after purchasing an additional 48,379 shares during the period. Versant Capital Management Inc raised its position in shares of Masco by 69.1% during the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company’s stock worth $112,000 after purchasing an additional 631 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of Masco during the second quarter worth about $1,509,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Up 1.9 %

MAS stock opened at $73.52 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The business has a 50 day moving average price of $77.08 and a two-hundred day moving average price of $77.39. The company has a market cap of $15.86 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 2.55 and a beta of 1.25. Masco Co. has a twelve month low of $63.81 and a twelve month high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share. Analysts anticipate that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on MAS. UBS Group raised their price target on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Loop Capital raised their price target on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $85.00 price target (down previously from $92.00) on shares of Masco in a research report on Tuesday, December 17th. Oppenheimer raised Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price on the stock in a research report on Friday. Finally, Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $79.00 to $80.00 in a research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.96.

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.