Klein Pavlis & Peasley Financial Inc. Buys 1,605 Shares of Masco Co. (NYSE:MAS)

Klein Pavlis & Peasley Financial Inc. increased its stake in Masco Co. (NYSE:MAS) by 4.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 41,823 shares of the construction company’s stock after acquiring an additional 1,605 shares during the period. Masco makes up about 2.5% of Klein Pavlis & Peasley Financial Inc.’s investment portfolio, making the stock its 14th biggest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Masco were worth $3,035,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in shares of Masco during the 4th quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in Masco in the third quarter worth about $38,000. Ashton Thomas Securities LLC bought a new stake in Masco in the third quarter worth about $43,000. Venturi Wealth Management LLC boosted its position in shares of Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after buying an additional 222 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Masco by 26.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock valued at $51,000 after buying an additional 148 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Performance

Shares of NYSE MAS opened at $77.67 on Thursday. The company has a 50 day simple moving average of $76.83 and a two-hundred day simple moving average of $78.57. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.13 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. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70.

Analyst Ratings Changes

A number of analysts have recently issued reports on MAS shares. Truist Financial boosted their target price on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays dropped their target price on shares of Masco from $93.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Oppenheimer raised shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price target for the company in a research note on Friday, January 10th. Evercore ISI increased their price objective on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. 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 research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.04.

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.