KKM Financial LLC Increases Stake in Masco Co. (NYSE:MAS)

KKM Financial LLC grew its stake in shares of Masco Co. (NYSE:MAS) by 6.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,975 shares of the construction company’s stock after buying an additional 2,082 shares during the period. Masco accounts for about 1.4% of KKM Financial LLC’s investment portfolio, making the stock its 21st largest position. KKM Financial LLC’s holdings in Masco were worth $2,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings in Masco by 1.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock valued at $655,414,000 after acquiring an additional 181,515 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Masco by 0.9% in the third quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock worth $241,825,000 after buying an additional 26,259 shares in the last quarter. Impax Asset Management Group plc boosted its stake in Masco by 10.0% during the second quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock valued at $190,347,000 after buying an additional 259,205 shares during the last quarter. Earnest Partners LLC grew its holdings in Masco by 16.6% during the 1st quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock valued at $177,136,000 after buying an additional 319,029 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Masco by 66.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company’s stock worth $121,581,000 after acquiring an additional 728,690 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Up 0.9 %

NYSE:MAS opened at $79.01 on Friday. The stock has a fifty day simple moving average of $81.76 and a 200-day simple moving average of $75.43. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The company has a market cap of $17.05 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 2.54 and a beta of 1.24. Masco Co. has a twelve month low of $58.91 and a twelve month high of $86.70.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. During the same period in the previous year, the company earned $1.00 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Analysts anticipate that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, November 8th. Masco’s dividend payout ratio is 30.85%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Royal Bank of Canada cut shares of Masco from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $79.00 to $80.00 in a research note on Wednesday, October 30th. Loop Capital upped their target price on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Truist Financial upped their price objective on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $85.96.

Insider Transactions at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the sale, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

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.