Masco Corporation (NYSE:MAS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its holdings in Masco Corporation (NYSE:MAS - Free Report) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 774,060 shares of the construction company's stock after selling 52,667 shares during the period. Envestnet Asset Management Inc. owned about 0.37% of Masco worth $53,828,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Global X Japan Co. Ltd. boosted its holdings in Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in Masco during the first quarter worth $29,000. Lee Danner & Bass Inc. purchased a new stake in Masco during the fourth quarter worth $42,000. GeoWealth Management LLC boosted its holdings in Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after buying an additional 322 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in Masco during the first quarter worth $56,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAS has been the topic of a number of recent analyst reports. Evercore ISI lowered their price target on shares of Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a report on Wednesday, May 28th. UBS Group reaffirmed a "buy" rating and set a $80.00 price objective (down from $91.00) on shares of Masco in a report on Thursday, April 24th. Jefferies Financial Group decreased their price objective on shares of Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group decreased their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $73.63.

Masco Stock Performance

Shares of NYSE MAS traded down $1.66 during mid-day trading on Friday, reaching $65.84. The company's stock had a trading volume of 1,808,047 shares, compared to its average volume of 1,830,798. The stock has a 50-day moving average of $63.97 and a two-hundred day moving average of $68.71. The stock has a market capitalization of $13.89 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.51 and a beta of 1.19. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. Masco's quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. Analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, May 23rd. Masco's payout ratio is currently 33.88%.

Masco Profile

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.