Banque Pictet & Cie SA Sells 7,500 Shares of Masco Corporation (MAS)

Banque Pictet & Cie SA lowered its position in shares of Masco Corporation (NYSE:MAS) by 50.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,500 shares of the construction company’s stock after selling 7,500 shares during the quarter. Banque Pictet & Cie SA’s holdings in Masco Corporation were worth $293,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MAS. Boston Partners raised its position in shares of Masco Corporation by 53.1% during the second quarter. Boston Partners now owns 13,602,650 shares of the construction company’s stock worth $519,757,000 after acquiring an additional 4,714,941 shares during the last quarter. AJO LP raised its position in shares of Masco Corporation by 1,209.7% during the second quarter. AJO LP now owns 3,165,592 shares of the construction company’s stock worth $120,957,000 after acquiring an additional 2,923,889 shares during the last quarter. BlackRock Inc. raised its position in shares of Masco Corporation by 9.9% during the second quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock worth $1,171,447,000 after acquiring an additional 2,763,057 shares during the last quarter. Northern Trust Corp raised its position in shares of Masco Corporation by 31.3% during the second quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock worth $315,096,000 after acquiring an additional 1,963,938 shares during the last quarter. Finally, FMR LLC raised its position in shares of Masco Corporation by 7.5% during the second quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock worth $784,657,000 after acquiring an additional 1,439,946 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://sportsperspectives.com/2017/11/20/banque-pictet-cie-sa-sells-7500-shares-of-masco-corporation-mas.html.

In other news, VP Kenneth G. Cole sold 2,266 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total value of $84,657.76. Following the completion of the sale, the vice president now directly owns 85,693 shares of the company’s stock, valued at $3,201,490.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph B. Gross sold 2,337 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $37.53, for a total value of $87,707.61. Following the completion of the sale, the insider now directly owns 56,935 shares of the company’s stock, valued at $2,136,770.55. The disclosure for this sale can be found here. Insiders have sold 90,990 shares of company stock valued at $3,600,733 over the last ninety days. 1.30% of the stock is owned by insiders.

A number of research firms have recently weighed in on MAS. Robert W. Baird boosted their target price on Masco Corporation from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Masco Corporation in a research report on Wednesday, October 25th. Royal Bank Of Canada boosted their target price on Masco Corporation from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Wells Fargo & Company downgraded Masco Corporation from an “outperform” rating to a “market perform” rating and set a $44.00 target price for the company. in a research report on Wednesday, October 25th. Finally, Nomura set a $45.00 target price on Masco Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $42.88.

Shares of Masco Corporation (MAS) traded up $0.22 during trading on Monday, hitting $39.36. The company’s stock had a trading volume of 1,394,700 shares, compared to its average volume of 2,639,972. Masco Corporation has a 12 month low of $30.08 and a 12 month high of $41.10. The company has a market capitalization of $12,380.00, a P/E ratio of 21.39, a P/E/G ratio of 1.22 and a beta of 1.56. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48.

Masco Corporation (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. equities research analysts expect that Masco Corporation will post 1.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, October 13th were given a dividend of $0.105 per share. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, October 12th. Masco Corporation’s dividend payout ratio is currently 24.85%.

Masco Corporation Company Profile

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

Institutional Ownership by Quarter for Masco Corporation (NYSE:MAS)

Receive News & Ratings for Masco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply