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

KKM Financial LLC boosted its holdings in shares of Masco Co. (NYSE:MAS) by 5.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,693 shares of the construction company’s stock after acquiring an additional 1,718 shares during the period. KKM Financial LLC’s holdings in Masco were worth $2,590,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in shares of Masco during the 4th quarter worth about $27,000. Golden State Wealth Management LLC bought a new stake in Masco in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new stake in Masco in the fourth quarter worth $30,000. Lee Danner & Bass Inc. bought a new position in shares of Masco during the fourth quarter worth $42,000. Finally, GeoWealth Management LLC grew its holdings in shares of Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company’s stock valued at $50,000 after buying an additional 322 shares during the period. Institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

MAS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Masco in a report on Tuesday, April 1st. They set a “hold” rating and a $71.00 price objective on the stock. Wells Fargo & Company lowered 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 report on Monday, April 14th. The Goldman Sachs Group cut their price objective on shares of Masco from $82.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Royal Bank of Canada lowered their target price on Masco from $74.00 to $62.00 and set a “sector perform” rating for the company in a report on Thursday, April 24th. Finally, Jefferies Financial Group cut their price target on Masco from $64.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $73.10.

Masco Trading Up 0.6 %

Shares of Masco stock opened at $62.09 on Friday. The firm’s 50-day moving average price is $65.40 and its two-hundred day moving average price is $73.33. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.94 and a beta of 1.23. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. Masco Co. has a 12-month low of $56.55 and a 12-month high of $86.70.

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

Masco Increases Dividend

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

Insider Activity

In other Masco news, CEO Keith J. Allman sold 21,723 shares of the 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 completion of the transaction, the chief executive officer now directly owns 60,267 shares in the company, valued at approximately $4,601,988.12. This trade represents a 26.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Renee Straber sold 3,139 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total transaction of $225,317.42. Following the completion of the transaction, the vice president now owns 33,027 shares of the company’s stock, valued at approximately $2,370,678.06. This trade represents 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 corporate insiders.

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.