Klein Pavlis & Peasley Financial Inc. Increases Stock Position in Masco Co. (NYSE:MAS)

Klein Pavlis & Peasley Financial Inc. grew its stake in Masco Co. (NYSE:MAS - Free Report) by 81.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 39,590 shares of the construction company's stock after acquiring an additional 17,778 shares during the period. Masco comprises 2.3% of Klein Pavlis & Peasley Financial Inc.'s investment portfolio, making the stock its 12th biggest holding. Klein Pavlis & Peasley Financial Inc.'s holdings in Masco were worth $2,639,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Versant Capital Management Inc increased its stake in Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company's stock worth $28,000 after purchasing an additional 136 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Masco by 2.5% during the first quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company's stock worth $435,000 after purchasing an additional 137 shares during the period. BOKF NA boosted its holdings in shares of Masco by 2.5% in the first quarter. BOKF NA now owns 6,178 shares of the construction company's stock valued at $480,000 after acquiring an additional 149 shares in the last quarter. Blair William & Co. IL boosted its holdings in Masco by 1.8% in the 1st quarter. Blair William & Co. IL now owns 9,516 shares of the construction company's stock valued at $751,000 after purchasing an additional 165 shares in the last quarter. Finally, Patten & Patten Inc. TN boosted its stake in shares of Masco by 1.6% in the first quarter. Patten & Patten Inc. TN now owns 10,618 shares of the construction company's stock valued at $838,000 after buying an additional 169 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Trading Down 1.9 %

Shares of NYSE:MAS traded down $1.56 during trading on Tuesday, reaching $79.05. 1,235,603 shares of the stock were exchanged, compared to its average volume of 1,927,980. Masco Co. has a 12-month low of $47.66 and a 12-month high of $81.91. The firm's 50-day moving average price is $72.11 and its 200 day moving average price is $72.49. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company earned $1.19 earnings per share. Masco's revenue for the quarter was down 1.7% on a year-over-year basis. On average, sell-side analysts anticipate that Masco Co. will post 4.1 earnings per share for the current fiscal year.

Masco Announces Dividend

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

Analysts Set New Price Targets

MAS has been the subject of a number of recent analyst reports. Robert W. Baird raised their target price on Masco from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, July 26th. StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a research report on Friday, May 3rd. Barclays increased their price objective on shares of Masco from $79.00 to $88.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. Jefferies Financial Group raised their target price on shares of Masco from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Finally, Citigroup lowered their price target on shares of Masco from $73.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, July 11th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $77.58.

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.

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