Envestnet Asset Management Inc. Has $58.25 Million Stake in Masco Co. (NYSE:MAS)

Envestnet Asset Management Inc. reduced its holdings in shares of Masco Co. (NYSE:MASFree Report) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 869,629 shares of the construction company’s stock after selling 33,567 shares during the period. Envestnet Asset Management Inc.’s holdings in Masco were worth $58,248,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its holdings in Masco by 1.6% in the third quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock worth $623,000 after purchasing an additional 178 shares in the last quarter. Pathstone Family Office LLC increased its stake in shares of Masco by 224.7% in the 3rd quarter. Pathstone Family Office LLC now owns 16,119 shares of the construction company’s stock valued at $862,000 after acquiring an additional 11,154 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Masco by 11.1% during the 3rd quarter. HighTower Advisors LLC now owns 130,905 shares of the construction company’s stock valued at $6,990,000 after acquiring an additional 13,064 shares during the period. Canada Pension Plan Investment Board bought a new position in Masco during the third quarter worth $2,924,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Masco by 15.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,225 shares of the construction company’s stock worth $2,417,000 after acquiring an additional 5,969 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Trading Up 1.7 %

NYSE MAS opened at $67.14 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76. The firm has a market capitalization of $14.79 billion, a P/E ratio of 16.46, a PEG ratio of 1.73 and a beta of 1.27. The business has a fifty day simple moving average of $71.19 and a 200 day simple moving average of $70.30. Masco Co. has a 12 month low of $47.66 and a 12 month high of $78.94.

Masco (NYSE:MASGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm earned $0.87 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. On average, analysts predict that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 24th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, May 23rd. Masco’s dividend payout ratio is presently 28.43%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Citigroup boosted their target price on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Royal Bank of Canada increased their price target on Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Evercore ISI decreased their price objective on Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday, April 25th. Finally, Loop Capital lowered their target price on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Masco presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.15.

View Our Latest Report on Masco

Masco Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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