Envestnet Asset Management Inc. Sells 33,567 Shares of Masco Co. (NYSE:MAS)

Envestnet Asset Management Inc. cut its stake in Masco Co. (NYSE:MASFree Report) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 869,629 shares of the construction company’s stock after selling 33,567 shares during the period. Envestnet Asset Management Inc. owned approximately 0.40% of Masco worth $58,248,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jackson Creek Investment Advisors LLC acquired a new stake in Masco during the fourth quarter worth about $627,000. Norges Bank acquired a new stake in shares of Masco during the 4th quarter worth approximately $122,144,000. Intech Investment Management LLC bought a new stake in shares of Masco during the fourth quarter valued at approximately $975,000. Nisa Investment Advisors LLC raised its stake in shares of Masco by 35.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 59,792 shares of the construction company’s stock valued at $4,005,000 after purchasing an additional 15,591 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in Masco by 8.6% in the fourth quarter. New York State Teachers Retirement System now owns 229,507 shares of the construction company’s stock worth $15,372,000 after purchasing an additional 18,140 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAS has been the topic of a number of recent research reports. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Royal Bank of Canada upped their target price on shares of Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Loop Capital lowered their price objective on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Citigroup raised their target price on Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, Evercore ISI lowered their price target on Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Masco presently has a consensus rating of “Moderate Buy” and an average target price of $72.15.

Read Our Latest Research Report on MAS

Masco Stock Performance

Shares of NYSE:MAS opened at $67.14 on Tuesday. The business has a fifty day moving average of $71.19 and a 200-day moving average of $70.30. The firm has a market cap of $14.79 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.09 and a current ratio of 1.74. Masco Co. has a twelve month low of $47.66 and a twelve month high of $78.94.

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

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 24th were given a $0.29 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. Masco’s payout ratio is 28.43%.

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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