Klein Pavlis & Peasley Financial Inc. Reduces Stock Position in Masco Corporation $MAS

Klein Pavlis & Peasley Financial Inc. trimmed its stake in shares of Masco Corporation (NYSE:MAS) by 6.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,908 shares of the construction company’s stock after selling 2,824 shares during the period. Masco comprises about 1.8% of Klein Pavlis & Peasley Financial Inc.’s holdings, making the stock its 17th biggest position. Klein Pavlis & Peasley Financial Inc.’s holdings in Masco were worth $2,762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in Masco by 11,690.9% during the first quarter. GAMMA Investing LLC now owns 911,669 shares of the construction company’s stock worth $63,397,000 after purchasing an additional 903,937 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Masco by 14.7% in the 1st quarter. Parallel Advisors LLC now owns 2,726 shares of the construction company’s stock worth $190,000 after buying an additional 349 shares in the last quarter. Rhumbline Advisers grew its stake in Masco by 8.1% in the 1st quarter. Rhumbline Advisers now owns 415,557 shares of the construction company’s stock valued at $28,898,000 after acquiring an additional 31,018 shares during the last quarter. Czech National Bank increased its holdings in Masco by 4.1% during the 1st quarter. Czech National Bank now owns 48,689 shares of the construction company’s stock valued at $3,386,000 after acquiring an additional 1,910 shares in the last quarter. Finally, Curat Global LLC acquired a new position in Masco during the first quarter worth about $90,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MAS shares. Oppenheimer set a $79.00 price objective on shares of Masco and gave the stock an “outperform” rating in a research note on Monday, August 4th. Royal Bank Of Canada raised their price target on Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Zacks Research upgraded Masco from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Baird R W lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of Masco from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Masco currently has an average rating of “Moderate Buy” and an average price target of $74.60.

Masco Stock Down 0.1%

Shares of NYSE:MAS opened at $70.41 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.57 and a beta of 1.19. The stock’s 50-day moving average price is $71.60 and its two-hundred day moving average price is $66.86. Masco Corporation 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 Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.22. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the firm posted $1.20 EPS. The company’s revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, research analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, August 8th. Masco’s dividend payout ratio is presently 32.89%.

Insiders Place Their Bets

In related news, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the transaction, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. This trade represents a 16.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jai Shah sold 82,910 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $76.04, for a total value of $6,304,476.40. Following the sale, the insider directly owned 39,638 shares of the company’s stock, valued at approximately $3,014,073.52. This trade represents a 67.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

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.