Envestnet Portfolio Solutions Inc. Has $1.69 Million Stock Holdings in Masco Corporation (NYSE:MAS)

Envestnet Portfolio Solutions Inc. trimmed its position in Masco Corporation (NYSE:MAS - Free Report) by 48.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,287 shares of the construction company's stock after selling 22,769 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Masco were worth $1,689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. grew its position in shares of Masco by 120.2% during the 1st 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 during the period. Lee Danner & Bass Inc. acquired a new position in shares of Masco in the 4th quarter valued at approximately $42,000. GeoWealth Management LLC grew its position in shares of Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after purchasing an additional 322 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Masco by 74.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock valued at $56,000 after purchasing an additional 330 shares during the period. Finally, South Plains Financial Inc. acquired a new position in shares of Masco in the 4th quarter valued at approximately $70,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Up 3.0%

MAS opened at $63.02 on Tuesday. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. The stock's fifty day simple moving average is $62.65 and its 200 day simple moving average is $69.73. The company has a current ratio of 1.75, a quick ratio of 1.09 and a debt-to-equity ratio of 20.74. The stock has a market cap of $13.29 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 2.33 and a beta of 1.20.

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

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, May 23rd. Masco's dividend payout ratio (DPR) is presently 33.88%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their target price on Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Loop Capital set a $62.00 target price on Masco and gave the company a "hold" rating in a research note on Thursday, April 24th. UBS Group restated a "buy" rating and issued a $80.00 target price (down previously from $91.00) on shares of Masco in a research note on Thursday, April 24th. Barclays set a $71.00 target price on Masco and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a research note on Saturday. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Masco currently has a consensus rating of "Hold" and an average target price of $73.63.

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.

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