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

Klein Pavlis & Peasley Financial Inc. lifted its position in Masco Co. (NYSE:MAS) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,823 shares of the construction company’s stock after buying an additional 1,605 shares during the period. Masco comprises 2.5% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 14th largest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Masco were worth $3,035,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MAS. ORG Wealth Partners LLC purchased a new stake in Masco during the 4th quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in shares of Masco during the third quarter valued at $38,000. Ashton Thomas Securities LLC purchased a new stake in shares of Masco during the third quarter valued at $43,000. Venturi Wealth Management LLC increased its holdings in Masco by 59.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after buying an additional 222 shares in the last quarter. Finally, Covestor Ltd raised its position in Masco by 86.4% in the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after buying an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Price Performance

Masco stock opened at $77.67 on Thursday. Masco Co. has a 52-week low of $63.81 and a 52-week high of $86.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The firm’s fifty day moving average is $76.83 and its 200 day moving average is $78.57. The company 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.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Loop Capital raised their price target on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Zelman & Associates raised shares of Masco to a “strong-buy” rating in a research report on Friday, January 17th. Wells Fargo & Company lowered their price target on Masco from $85.00 to $82.00 and set an “equal weight” rating on the stock in a report on Tuesday. Citigroup dropped their target price on shares of Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, Barclays decreased their price target on Masco from $93.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Masco has an average rating of “Hold” and a consensus target price of $86.04.

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.