Pictet Asset Management Holding SA Trims Stake in Masco Corporation $MAS

Pictet Asset Management Holding SA lowered its position in Masco Corporation (NYSE:MAS) by 24.3% in the 1st quarter, Holdings Channel reports. The firm owned 2,500,075 shares of the construction company’s stock after selling 801,917 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Masco were worth $150,894,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MAS. Bard Associates Inc. purchased a new position in Masco during the 4th quarter valued at $25,000. Sunbelt Securities Inc. purchased a new stake in Masco in the third quarter worth $26,000. Bogart Wealth LLC increased its stake in Masco by 2,550.0% in the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after purchasing an additional 408 shares during the period. Community Bank N.A. bought a new stake in shares of Masco during the third quarter worth $34,000. Finally, Headlands Technologies LLC lifted its position in shares of Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after purchasing an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Down 0.1%

NYSE:MAS opened at $79.88 on Monday. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $80.80. The company has a 50-day moving average of $70.93 and a 200 day moving average of $67.97. The firm has a market cap of $16.11 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.97 and a beta of 1.31. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.75 and a quick ratio of 1.11.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. Masco had a net margin of 10.90% and a return on equity of 815.20%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, research analysts anticipate that Masco Corporation will post 4.25 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 22nd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s dividend payout ratio (DPR) is presently 31.76%.

Masco announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Truist Financial upped their price target on shares of Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada lifted their price objective on shares of Masco from $67.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. UBS Group raised their target price on shares of Masco from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Masco from $70.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $80.07.

Masco Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door?bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.