Pictet Asset Management Holding SA Sells 801,917 Shares of Masco Corporation $MAS

Pictet Asset Management Holding SA reduced its stake in Masco Corporation (NYSE:MAS) by 24.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,500,075 shares of the construction company’s stock after selling 801,917 shares during the period. Pictet Asset Management Holding SA owned approximately 1.23% of Masco worth $150,894,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Sterling Capital Management LLC boosted its holdings in shares of Masco by 32.1% during the 1st quarter. Sterling Capital Management LLC now owns 16,275 shares of the construction company’s stock valued at $983,000 after purchasing an additional 3,958 shares during the last quarter. Cambient Family Office LLC bought a new stake in shares of Masco in the first quarter worth about $203,000. GHP Investment Advisors Inc. increased its holdings in shares of Masco by 36.1% in the first quarter. GHP Investment Advisors Inc. now owns 1,566 shares of the construction company’s stock worth $95,000 after purchasing an additional 415 shares during the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of Masco by 51.8% in the first quarter. Aaron Wealth Advisors LLC now owns 15,504 shares of the construction company’s stock worth $936,000 after buying an additional 5,291 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Masco during the first quarter valued at approximately $628,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MAS. Citigroup cut their price target on Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Robert W. Baird increased their target price on Masco from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Evercore raised shares of Masco from an “in-line” rating to an “outperform” rating and set a $78.00 target price for the company in a report on Monday, April 13th. Finally, Barclays boosted their price target on shares of Masco from $65.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $80.07.

Masco Trading Down 0.1%

Shares of 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 debt-to-equity ratio of 109.07, a current ratio of 1.75 and a quick ratio of 1.11. The business’s 50 day moving average is $70.93 and its two-hundred day moving average is $67.97. The stock has a market capitalization of $16.11 billion, a P/E ratio of 19.82, a PEG ratio of 1.97 and a beta of 1.31.

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

Masco declared that its board has authorized a share buyback plan on Thursday, May 7th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 22nd were given a $0.32 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. Masco’s dividend payout ratio (DPR) is currently 31.76%.

Masco Company 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.