Masco (MAS) Stake Boosted by Banque Pictet & Cie SA

Banque Pictet & Cie SA lifted its position in shares of Masco (NYSE:MAS) by 33.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the construction company’s stock after purchasing an additional 2,500 shares during the quarter. Banque Pictet & Cie SA’s holdings in Masco were worth $404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MAS. First Personal Financial Services bought a new position in shares of Masco during the fourth quarter worth $100,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of Masco during the fourth quarter worth $114,000. Avestar Capital LLC bought a new stake in Masco in the 4th quarter valued at $135,000. Dupont Capital Management Corp lifted its position in Masco by 61.3% in the 1st quarter. Dupont Capital Management Corp now owns 3,909 shares of the construction company’s stock valued at $158,000 after acquiring an additional 1,486 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Masco by 299.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock valued at $162,000 after acquiring an additional 2,772 shares in the last quarter. 90.91% of the stock is currently owned by institutional investors.

MAS has been the topic of several research reports. JPMorgan Chase cut their price objective on shares of Masco from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, April 26th. Royal Bank of Canada set a $46.00 price objective on shares of Masco and gave the company a “buy” rating in a research report on Friday, February 9th. MKM Partners cut their price objective on shares of Masco to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, April 25th. Robert W. Baird set a $46.00 price objective on shares of Masco and gave the company a “buy” rating in a research report on Tuesday, April 24th. Finally, Barclays set a $47.00 price objective on shares of Masco and gave the company a “buy” rating in a research report on Wednesday, April 25th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $44.75.

In other Masco news, Director J Michael Losh sold 5,592 shares of Masco stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $42.02, for a total value of $234,975.84. Following the sale, the director now directly owns 69,926 shares in the company, valued at approximately $2,938,290.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard A. Manoogian sold 82,701 shares of Masco stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $42.89, for a total transaction of $3,547,045.89. Following the completion of the sale, the director now owns 692,102 shares in the company, valued at $29,684,254.78. The disclosure for this sale can be found here. Insiders sold a total of 109,727 shares of company stock worth $4,695,460 over the last quarter. Company insiders own 1.20% of the company’s stock.

Shares of MAS stock opened at $37.85 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.10 and a debt-to-equity ratio of 16.23. Masco has a 1 year low of $35.79 and a 1 year high of $46.44. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 0.97 and a beta of 1.52.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, April 24th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.04). Masco had a net margin of 6.96% and a return on equity of 512.88%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. research analysts expect that Masco will post 2.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 14th. Shareholders of record on Friday, April 13th were paid a $0.105 dividend. The ex-dividend date was Thursday, April 12th. This represents a $0.42 annualized dividend and a yield of 1.11%. Masco’s payout ratio is currently 21.65%.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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