Masco Corporation $MAS Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its position in Masco Corporation (NYSE:MAS) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,375,286 shares of the construction company’s stock after acquiring an additional 213,676 shares during the quarter. Van ECK Associates Corp owned approximately 1.66% of Masco worth $214,195,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rossby Financial LCC grew its position in shares of Masco by 134.2% during the third quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock worth $26,000 after buying an additional 212 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Masco during the third quarter worth about $26,000. Bogart Wealth LLC grew its position in shares of Masco by 2,550.0% during the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after buying an additional 408 shares in the last quarter. Community Bank N.A. acquired a new position in shares of Masco during the third quarter worth about $34,000. Finally, Headlands Technologies LLC grew its position 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 buying an additional 293 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAS has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price objective on Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 23rd. Bank of America lowered their price objective on Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. Truist Financial boosted their price objective on Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Citigroup lowered their price objective on Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, Evercore raised Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Monday, April 13th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $80.07.

Masco Price Performance

MAS stock opened at $73.98 on Friday. The company has a market capitalization of $14.92 billion, a P/E ratio of 18.36, a PEG ratio of 1.82 and a beta of 1.31. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $79.19. The business has a 50 day simple moving average of $68.19 and a 200-day simple moving average of $67.12. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 109.07.

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

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 22nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s dividend payout ratio is presently 31.76%.

Masco announced that its board has authorized a stock buyback plan on Thursday, May 7th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Masco Company 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.