Envestnet Portfolio Solutions Inc. Cuts Position in Masco Corporation (NYSE:MAS)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 48.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other large investors have also recently made changes to their positions in MAS. Global X Japan Co. Ltd. raised its holdings in shares of Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after acquiring an additional 208 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Masco in the 4th quarter valued at $42,000. GeoWealth Management LLC lifted its holdings in 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 in the last quarter. SRS Capital Advisors Inc. boosted its stake in Masco by 74.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock worth $56,000 after purchasing an additional 330 shares during the last quarter. Finally, South Plains Financial Inc. acquired a new stake in shares of Masco in the fourth quarter valued at about $70,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MAS shares. Royal Bank Of Canada lowered their price target on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Evercore ISI dropped their price target on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group reduced their price objective on Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Loop Capital set a $62.00 price target on Masco and gave the stock a "hold" rating in a report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Masco currently has a consensus rating of "Hold" and an average target price of $73.63.

Masco Trading Up 0.7%

Masco stock traded up $0.45 during midday trading on Friday, reaching $64.19. 2,796,017 shares of the stock traded hands, compared to its average volume of 1,838,821. The firm has a market cap of $13.54 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 2.41 and a beta of 1.19. 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 company has a 50-day simple moving average of $62.78 and a two-hundred day simple moving average of $69.52. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.70.

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

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, May 23rd. Masco's payout ratio is currently 33.88%.

About Masco

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.