Masco Corporation $MAS Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of Masco Corporation (NYSE:MAS) by 6.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,375,286 shares of the construction company’s stock after buying an additional 213,676 shares during the quarter. Van ECK Associates Corp’s holdings in Masco were worth $214,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Covestor Ltd boosted its stake in shares of Masco by 20.7% during the fourth quarter. Covestor Ltd now owns 829 shares of the construction company’s stock valued at $53,000 after acquiring an additional 142 shares during the last quarter. Andina Capital Management LLC lifted its position in Masco by 2.4% during the fourth quarter. Andina Capital Management LLC now owns 6,565 shares of the construction company’s stock worth $417,000 after buying an additional 154 shares during the period. Pallas Capital Advisors LLC lifted its position in 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 during the period. Dorsey & Whitney Trust CO LLC lifted its position in Masco by 3.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company’s stock worth $314,000 after buying an additional 167 shares during the period. Finally, Clearstead Advisors LLC lifted its position in 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 during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MAS. BMO Capital Markets reduced their target price on Masco from $77.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday, April 20th. The Goldman Sachs Group increased their target price on Masco from $79.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Evercore upgraded Masco from an “in-line” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Monday, April 13th. Weiss Ratings downgraded Masco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. increased their target price on Masco from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Masco has an average rating of “Hold” and an average target price of $80.07.

Masco Stock Up 0.3%

MAS opened at $73.98 on Friday. The firm has a 50 day moving average price of $68.19 and a 200 day moving average price of $67.12. The company has a market cap of $14.92 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.82 and a beta of 1.31. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $79.19. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.16. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.07 billion. Masco had a net margin of 10.90% and a return on equity of 815.20%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Sell-side analysts expect that Masco Corporation will post 4.25 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 22nd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s dividend payout ratio is 31.76%.

Masco announced that its board has initiated a share buyback program on Thursday, May 7th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Masco Profile

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.