KKM Financial LLC Has $2.59 Million Holdings in Masco Co. (NYSE:MAS)

KKM Financial LLC lifted its position in shares of Masco Co. (NYSE:MAS) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,693 shares of the construction company’s stock after purchasing an additional 1,718 shares during the quarter. KKM Financial LLC’s holdings in Masco were worth $2,590,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MAS. Foster Victor Wealth Advisors LLC lifted its stake in shares of Masco by 6.6% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 219,120 shares of the construction company’s stock valued at $17,135,000 after buying an additional 13,568 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in Masco by 5,050.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company’s stock valued at $747,000 after acquiring an additional 10,100 shares in the last quarter. Empower Advisory Group LLC boosted its stake in Masco by 2.0% during the 4th quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company’s stock valued at $73,737,000 after purchasing an additional 20,129 shares during the last quarter. Principal Securities Inc. increased its holdings in Masco by 20.5% during the 4th quarter. Principal Securities Inc. now owns 11,337 shares of the construction company’s stock worth $823,000 after purchasing an additional 1,931 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Masco by 91.6% in the fourth quarter. KBC Group NV now owns 708,830 shares of the construction company’s stock worth $51,440,000 after purchasing an additional 338,925 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Masco news, CEO Keith J. Allman sold 21,723 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total value of $1,658,768.28. Following the sale, the chief executive officer now owns 60,267 shares of the company’s stock, valued at $4,601,988.12. This trade represents a 26.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Renee Straber sold 3,139 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total value of $225,317.42. Following the transaction, the vice president now directly owns 33,027 shares of the company’s stock, valued at $2,370,678.06. The trade was a 8.68 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

MAS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Masco in a research report on Tuesday, April 1st. They issued a “hold” rating and a $71.00 price target for the company. Loop Capital set a $62.00 price target on shares of Masco and gave the company a “hold” rating in a research report on Thursday, April 24th. Wells Fargo & Company decreased their price objective on shares of Masco from $82.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Evercore ISI cut their target price on Masco from $82.00 to $71.00 and set an “in-line” rating on the stock in a research note on Thursday, April 24th. Finally, Robert W. Baird dropped their price target on Masco from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $73.10.

Masco Stock Up 0.6 %

Masco stock opened at $62.09 on Friday. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 1.94 and a beta of 1.23. The firm has a 50 day simple moving average of $65.40 and a 200 day simple moving average of $73.33. Masco Co. has a 1-year low of $56.55 and a 1-year high of $86.70. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Masco had a net margin of 10.50% and a return on equity of 838.32%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, analysts predict that Masco Co. will post 4.34 earnings per share for the current year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.24 annualized dividend and a yield of 2.00%. This is a boost from Masco’s previous quarterly dividend of $0.29. Masco’s payout ratio is currently 33.88%.

Masco 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.