Klein Pavlis & Peasley Financial Inc. Has $2.64 Million Stock Position in Masco Co. (NYSE:MAS)

Klein Pavlis & Peasley Financial Inc. lifted its position in shares of Masco Co. (NYSE:MAS) by 81.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 39,590 shares of the construction company’s stock after purchasing an additional 17,778 shares during the quarter. Masco accounts for approximately 2.3% of Klein Pavlis & Peasley Financial Inc.’s investment portfolio, making the stock its 12th largest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Masco were worth $2,639,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MAS. Norges Bank bought a new position in Masco during the fourth quarter worth about $122,144,000. Manning & Napier Advisors LLC acquired a new stake in shares of Masco during the 2nd quarter worth about $82,363,000. Confluence Investment Management LLC bought a new position in Masco during the 1st quarter valued at about $78,181,000. Vanguard Group Inc. lifted its holdings in Masco by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after purchasing an additional 721,117 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in Masco by 55.8% in the first quarter. Lazard Asset Management LLC now owns 1,538,952 shares of the construction company’s stock valued at $121,391,000 after buying an additional 551,203 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAS has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on shares of Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Jefferies Financial Group lifted their price objective on Masco from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Royal Bank of Canada lifted their price target on Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, BMO Capital Markets increased their price objective on shares of Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.58.

Masco Trading Down 1.9 %

Shares of NYSE:MAS traded down $1.56 during trading on Tuesday, hitting $79.05. 1,235,603 shares of the company’s stock were exchanged, compared to its average volume of 1,927,980. The firm has a 50-day moving average price of $72.11 and a two-hundred day moving average price of $72.49. The firm has a market cap of $17.41 billion, a P/E ratio of 19.38, a PEG ratio of 2.39 and a beta of 1.24. Masco Co. has a 1-year low of $47.66 and a 1-year high of $81.91. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18.

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

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were paid a $0.29 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 1.47%. Masco’s payout ratio is 28.43%.

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.