Pictet Asset Management Holding SA Sells 386,011 Shares of Masco Corporation $MAS

Key Points

• Pictet Asset Management Holding SA cut its Masco stake by 10.5% in Q4, selling 386,011 shares and ending the quarter with 3,301,992 shares (1.59%) valued at $209,567,000.
• Masco beat quarterly EPS estimates ($1.04 vs. $0.88) but missed revenue expectations ($1.92B vs. $2.07B), set FY2026 guidance of 4.100–4.300 EPS, authorized a $2.0B share buyback, and raised the quarterly dividend to $0.32.
• Analysts are mixed: seven Buys, twelve Holds and one Sell give Masco a consensus rating of Hold with an average price target of $80.07, though individual targets range from $61 (BofA) to $90 (Goldman Sachs).

Pictet Asset Management Holding SA lowered its holdings in Masco Corporation (NYSE:MAS - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,301,992 shares of the construction company's stock after selling 386,011 shares during the quarter. Pictet Asset Management Holding SA owned 1.59% of Masco worth $209,567,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Gateway Investment Advisers LLC increased its holdings in shares of Masco by 0.3% during the third quarter. Gateway Investment Advisers LLC now owns 44,241 shares of the construction company's stock worth $3,114,000 after buying an additional 143 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of Masco by 1.4% during the third quarter. Pallas Capital Advisors LLC now owns 12,128 shares of the construction company's stock worth $854,000 after buying an additional 162 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of Masco by 21.6% during the third quarter. Clearstead Advisors LLC now owns 947 shares of the construction company's stock worth $67,000 after buying an additional 168 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Masco by 3.3% during the third quarter. Concurrent Investment Advisors LLC now owns 5,284 shares of the construction company's stock worth $372,000 after buying an additional 171 shares in the last quarter. Finally, Nelson Capital Management LLC increased its holdings in shares of Masco by 0.4% during the third quarter. Nelson Capital Management LLC now owns 38,516 shares of the construction company's stock worth $2,711,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MAS. Barclays raised their price objective on shares of Masco from $65.00 to $78.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 22nd. Robert W. Baird raised their price objective on shares of Masco from $72.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday. The Goldman Sachs Group raised their price objective on shares of Masco from $79.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday. Bank of America dropped their price objective on shares of Masco from $69.00 to $61.00 and set an "underperform" rating for the company in a report on Monday, April 20th. Finally, Evercore raised shares of Masco from an "in-line" rating to an "outperform" rating and set a $78.00 price objective for the company in a report on Monday, April 13th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $80.07.

Insiders Place Their Bets

In related news, CAO Heath M. Eisman sold 747 shares of Masco stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $71.92, for a total transaction of $53,724.24. Following the transaction, the chief accounting officer owned 12,510 shares of the company's stock, valued at $899,719.20. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is owned by insiders.

Masco Price Performance

Shares of MAS stock opened at $74.29 on Tuesday. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $79.19. The stock has a market cap of $14.99 billion, a PE ratio of 18.44, a PEG ratio of 1.84 and a beta of 1.29. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75. The firm's 50 day moving average price is $65.54 and its two-hundred day moving average price is $65.99.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.16. The firm had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $2.07 billion. Masco had a net margin of 10.90% and a return on equity of 815.20%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, analysts forecast that Masco Corporation will post 4.22 EPS for the current year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Friday, February 20th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from Masco's previous quarterly dividend of $0.31. Masco's payout ratio is 31.76%.

Masco declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

About Masco

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.

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