Van ECK Associates Corp Cuts Position in Masco Corporation $MAS

Van ECK Associates Corp reduced its position in Masco Corporation (NYSE:MAS) by 19.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,705,750 shares of the construction company’s stock after selling 1,136,733 shares during the period. Van ECK Associates Corp owned approximately 2.39% of Masco worth $382,907,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAS. Bard Associates Inc. acquired a new stake in shares of Masco in the fourth quarter worth $25,000. Sunbelt Securities Inc. acquired a new stake in Masco in the 3rd quarter valued at $26,000. Bogart Wealth LLC raised its position in Masco by 2,550.0% in the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock valued at $27,000 after purchasing an additional 408 shares during the period. Bell Investment Advisors Inc purchased a new position in Masco in the second quarter valued at about $32,000. Finally, Headlands Technologies LLC lifted its stake in shares of Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Trading Up 0.7%

NYSE MAS opened at $73.28 on Friday. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. Masco Corporation has a one year low of $58.16 and a one year high of $83.64. The company has a 50-day simple moving average of $76.70 and a 200-day simple moving average of $71.11. The firm has a market capitalization of $14.45 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.84 and a beta of 1.30.

Masco (NYSE:MAS) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the company posted $1.30 earnings per share. Masco’s revenue was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities analysts forecast that Masco Corporation will post 4.52 earnings per share for the current year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a dividend of $0.32 per share. The ex-dividend date was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. Masco’s payout ratio is currently 29.43%.

Masco announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 7th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently issued reports on MAS. Truist Financial lowered their target price on Masco from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Citigroup cut their price target on Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Evercore lowered Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective for the company. in a research note on Thursday, July 30th. UBS Group cut their target price on Masco from $97.00 to $94.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Barclays decreased their price target on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $79.88.

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.