J. Safra Sarasin Holding AG Boosts Stake in Masco Corporation $MAS

J. Safra Sarasin Holding AG lifted its holdings in shares of Masco Corporation (NYSE:MAS) by 29.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,385 shares of the construction company’s stock after acquiring an additional 17,810 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Masco were worth $5,447,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAS. Elevation Point Wealth Partners LLC purchased a new position in shares of Masco during the 2nd quarter valued at approximately $28,000. Headlands Technologies LLC increased its position in shares of Masco by 114.5% in the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after purchasing an additional 293 shares during the last quarter. Caldwell Trust Co acquired a new stake in shares of Masco in the 2nd quarter valued at about $37,000. CYBER HORNET ETFs LLC bought a new position in shares of Masco during the second quarter worth about $37,000. Finally, MUFG Securities EMEA plc bought a new stake in Masco in the second quarter valued at about $40,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Price Performance

NYSE:MAS opened at $67.16 on Wednesday. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $81.78. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 17.53. The firm has a market cap of $13.95 billion, a P/E ratio of 17.22, a PEG ratio of 2.77 and a beta of 1.28. The business’s 50-day moving average price is $65.38 and its 200 day moving average price is $67.76.

Masco (NYSE:MAS) last released its earnings results on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. As a group, sell-side analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup reduced their price objective on Masco from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $67.00 price target on shares of Masco in a report on Friday, January 9th. UBS Group lowered their price objective on Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Vertical Research began coverage on Masco in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Finally, Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $73.20.

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.