Envestnet Asset Management Inc. Trims Stock Holdings in Masco Co. (NYSE:MAS)

Envestnet Asset Management Inc. lessened its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 826,727 shares of the construction company's stock after selling 13,613 shares during the quarter. Envestnet Asset Management Inc. owned about 0.38% of Masco worth $59,996,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MAS. Integrated Wealth Concepts LLC purchased a new stake in Masco during the third quarter valued at $239,000. Kovitz Investment Group Partners LLC increased its position in shares of Masco by 41.3% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 21,055 shares of the construction company's stock valued at $1,767,000 after purchasing an additional 6,154 shares during the last quarter. National Bank of Canada FI increased its position in shares of Masco by 81.0% during the 3rd quarter. National Bank of Canada FI now owns 112,835 shares of the construction company's stock valued at $9,471,000 after purchasing an additional 50,512 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Masco by 10.8% in the third quarter. MML Investors Services LLC now owns 79,797 shares of the construction company's stock worth $6,698,000 after buying an additional 7,764 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Masco by 13.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 117,625 shares of the construction company's stock valued at $9,873,000 after buying an additional 14,131 shares during the period. 93.91% of the stock is currently owned by institutional investors.

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Insider Transactions at Masco

In other news, VP Renee Straber sold 3,139 shares of Masco stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total value of $225,317.42. Following the completion of the transaction, the vice president now owns 33,027 shares in the company, valued at approximately $2,370,678.06. The trade was a 8.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Keith J. Allman sold 21,723 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total value of $1,658,768.28. Following the sale, the chief executive officer now owns 60,267 shares in the company, valued at $4,601,988.12. The trade was a 26.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Masco Price Performance

MAS traded up $0.20 during trading on Tuesday, hitting $62.61. 373,302 shares of the company traded hands, compared to its average volume of 1,698,181. The company has a market cap of $13.25 billion, a PE ratio of 16.63, a P/E/G ratio of 1.94 and a beta of 1.24. Masco Co. has a 1 year low of $57.27 and a 1 year high of $86.70. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. The stock's 50-day simple moving average is $71.23 and its two-hundred day simple moving average is $76.30.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a return on equity of 838.32% and a net margin of 10.50%. During the same period in the previous year, the business earned $0.83 EPS. As a group, sell-side analysts anticipate that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, February 21st. This is a boost from Masco's previous quarterly dividend of $0.29. Masco's payout ratio is currently 32.98%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MAS shares. Wells Fargo & Company dropped their price target on shares of Masco from $82.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday. Barclays lowered their target price on Masco from $87.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Zelman & Associates upgraded Masco to a "strong-buy" rating in a research report on Friday, January 17th. Citigroup lowered their price objective on Masco from $82.00 to $77.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $74.00 target price on shares of Masco in a report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $83.37.

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.