Kathmere Capital Management LLC Grows Stock Holdings in Masco Co. (NYSE:MAS)

Kathmere Capital Management LLC raised its stake in shares of Masco Co. (NYSE:MAS) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,990 shares of the construction company’s stock after acquiring an additional 460 shares during the period. Kathmere Capital Management LLC’s holdings in Masco were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MAS. Assenagon Asset Management S.A. raised its stake in shares of Masco by 956.3% during the third quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock worth $83,070,000 after purchasing an additional 895,950 shares during the last quarter. Nordea Investment Management AB raised its position in Masco by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after buying an additional 520,555 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Masco by 86.5% in the 2nd quarter. Bank of Montreal Can now owns 634,740 shares of the construction company’s stock worth $42,318,000 after acquiring an additional 294,409 shares during the period. Barclays PLC boosted its holdings in shares of Masco by 49.2% in the third quarter. Barclays PLC now owns 883,859 shares of the construction company’s stock valued at $74,192,000 after acquiring an additional 291,658 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Masco by 89.5% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 579,597 shares of the construction company’s stock worth $38,642,000 after acquiring an additional 273,718 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MAS shares. Oppenheimer upgraded shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted their price target on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. UBS Group increased their price objective on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup decreased their target price on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $86.27.

Masco Stock Performance

NYSE:MAS opened at $77.54 on Friday. Masco Co. has a twelve month low of $63.81 and a twelve month high of $86.70. The company has a market capitalization of $16.73 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 2.17 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. The firm has a 50-day moving average price of $76.90 and a two-hundred day moving average price of $77.45.

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

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s payout ratio is 30.85%.

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.