Pictet Asset Management SA Has $382.97 Million Holdings in Masco Co. (NYSE:MAS)

Pictet Asset Management SA increased its position in shares of Masco Co. (NYSE:MASGet Rating) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,453,874 shares of the construction company’s stock after acquiring an additional 315,343 shares during the quarter. Pictet Asset Management SA owned 2.23% of Masco worth $382,971,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in Masco by 3.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 21,229,307 shares of the construction company’s stock valued at $1,490,722,000 after buying an additional 615,687 shares during the period. AustralianSuper Pty Ltd increased its stake in Masco by 29.7% in the 4th quarter. AustralianSuper Pty Ltd now owns 3,994,603 shares of the construction company’s stock valued at $280,461,000 after buying an additional 915,605 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Masco in the 4th quarter valued at approximately $196,210,000. Robeco Institutional Asset Management B.V. increased its stake in Masco by 2.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,246,229 shares of the construction company’s stock valued at $157,732,000 after buying an additional 58,204 shares during the period. Finally, Standard Investments LLC increased its stake in shares of Masco by 67.4% during the 3rd quarter. Standard Investments LLC now owns 1,850,000 shares of the construction company’s stock worth $102,768,000 after purchasing an additional 745,000 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

Several research analysts have recently commented on MAS shares. Loop Capital dropped their price target on shares of Masco from $65.00 to $56.00 and set a “hold” rating on the stock in a research note on Wednesday, April 6th. Wells Fargo & Company dropped their price target on shares of Masco from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, April 21st. Robert W. Baird increased their price target on shares of Masco from $68.00 to $72.00 in a research note on Thursday, April 28th. Credit Suisse Group started coverage on shares of Masco in a research note on Tuesday, April 5th. They set an “underperform” rating and a $50.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price target on shares of Masco from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, April 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $64.69.

Shares of MAS stock traded up $2.20 during mid-day trading on Thursday, reaching $54.56. The company’s stock had a trading volume of 3,143,958 shares, compared to its average volume of 2,485,188. Masco Co. has a 1-year low of $48.78 and a 1-year high of $71.06. The company has a market cap of $12.87 billion, a P/E ratio of 23.56, a PEG ratio of 1.08 and a beta of 1.23. The company has a debt-to-equity ratio of 52.66, a quick ratio of 0.98 and a current ratio of 1.60. The firm’s 50-day moving average is $52.95 and its two-hundred day moving average is $60.57.

Masco (NYSE:MASGet Rating) last announced its earnings results on Wednesday, April 27th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Masco had a net margin of 6.38% and a return on equity of 3,870.83%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. Sell-side analysts anticipate that Masco Co. will post 4.26 EPS for the current year.

In other Masco news, CEO Keith J. Allman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $49.88, for a total value of $498,800.00. Following the completion of the sale, the chief executive officer now owns 298,295 shares in the company, valued at approximately $14,878,954.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Masco Company Profile (Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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