Masco Corporation $MAS Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of Masco Corporation (NYSE:MAS) by 43.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,102,060 shares of the construction company’s stock after purchasing an additional 335,401 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.53% of Masco worth $77,574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new position in Masco during the 2nd quarter valued at $28,000. Headlands Technologies LLC raised its stake in shares of Masco by 114.5% in the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after purchasing an additional 293 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Masco during the second quarter worth about $37,000. Caldwell Trust Co acquired a new position in Masco in the second quarter worth about $37,000. Finally, MUFG Securities EMEA plc acquired a new position in Masco in the second quarter worth about $40,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MAS shares. Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Barclays reissued an “equal weight” rating and set a $71.00 price target (down from $76.00) on shares of Masco in a research report on Monday, December 8th. Argus decreased their price objective on shares of Masco from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. UBS Group lowered their target price on shares of Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Wells Fargo & Company raised their price target on shares of Masco from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $73.20.

Masco Stock Performance

Shares of MAS opened at $73.00 on Monday. The firm has a fifty day moving average of $66.35 and a 200-day moving average of $67.92. The company has a market cap of $15.16 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 3.17 and a beta of 1.28. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.20 and a current ratio of 1.88. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $79.16.

About Masco

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.