Masco Corporation $MAS Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its position in Masco Corporation (NYSE:MAS - Free Report) by 21.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,069 shares of the construction company's stock after selling 5,218 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Masco were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new stake in shares of Masco in the first quarter worth approximately $29,000. Costello Asset Management INC acquired a new position in Masco during the first quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Masco during the first quarter worth $33,000. Steph & Co. acquired a new position in Masco during the second quarter worth $39,000. Finally, Stone House Investment Management LLC acquired a new position in Masco during the first quarter worth $50,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Price Performance

NYSE:MAS opened at $67.87 on Friday. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.20. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. The company has a market capitalization of $14.21 billion, a P/E ratio of 18.00, a P/E/G ratio of 2.48 and a beta of 1.18. The stock's fifty day moving average is $71.76 and its two-hundred day moving average is $66.69.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The company's revenue for the quarter was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Equities analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 8th. Masco's payout ratio is currently 32.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MAS shares. JPMorgan Chase & Co. boosted their price objective on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Barclays boosted their price objective on Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Baird R W lowered Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company boosted their price objective on Masco from $73.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 11th. Finally, Oppenheimer set a $79.00 price objective on Masco and gave the stock an "outperform" rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $74.60.

Insider Buying and Selling at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the sale, the chief accounting officer owned 12,036 shares in the company, valued at approximately $898,126.32. The trade was a 16.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total value of $6,304,476.40. Following the completion of the sale, the insider owned 39,638 shares in the company, valued at $3,014,073.52. This represents a 67.66% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

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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