TCV Trust & Wealth Management Inc. Has $9.81 Million Stake in Masco Co. (NYSE:MAS)

TCV Trust & Wealth Management Inc. trimmed its position in shares of Masco Co. (NYSE:MAS) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,205 shares of the construction company’s stock after selling 2,874 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Masco were worth $9,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its position in shares of Masco by 1.9% during the third quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock worth $864,103,000 after purchasing an additional 194,297 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Masco by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after acquiring an additional 520,555 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Masco by 0.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after purchasing an additional 26,259 shares in the last quarter. Empower Advisory Group LLC lifted its stake in Masco by 1.5% in the third quarter. Empower Advisory Group LLC now owns 995,950 shares of the construction company’s stock valued at $83,600,000 after buying an additional 14,870 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Masco by 956.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock worth $83,070,000 after purchasing an additional 895,950 shares during the period. Institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

Shares of Masco stock opened at $78.76 on Wednesday. The company has a market cap of $16.99 billion, a P/E ratio of 20.95, a PEG ratio of 2.09 and a beta of 1.25. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The business has a 50-day moving average price of $76.60 and a two-hundred day moving average price of $78.72. Masco Co. has a 1-year low of $63.81 and a 1-year high of $86.70.

Masco (NYSE:MAS) last released its earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. During the same quarter in the prior year, the firm posted $0.83 EPS. As a group, analysts anticipate that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 21st will be given a $0.31 dividend. The ex-dividend date is Friday, February 21st. Masco’s payout ratio is currently 30.85%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MAS. Truist Financial upped their price target on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Jefferies Financial Group downgraded shares of Masco from a “buy” rating to a “hold” rating and decreased their price objective for the company from $96.00 to $89.00 in a report on Monday, December 16th. Robert W. Baird lowered their target price on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Finally, Zelman & Associates upgraded shares of Masco to a “strong-buy” rating in a research note on Friday, January 17th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Masco has a consensus rating of “Hold” and a consensus target price of $86.04.

About Masco

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.