Van ECK Associates Corp Has $222.55 Million Holdings in Masco Corporation $MAS

Van ECK Associates Corp trimmed its position in shares of Masco Corporation (NYSE:MAS) by 2.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,161,610 shares of the construction company’s stock after selling 88,520 shares during the period. Van ECK Associates Corp owned approximately 1.52% of Masco worth $222,545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gateway Investment Advisers LLC raised its holdings in shares of Masco by 0.3% during the 3rd quarter. Gateway Investment Advisers LLC now owns 44,241 shares of the construction company’s stock worth $3,114,000 after buying an additional 143 shares in the last quarter. Pallas Capital Advisors LLC grew its position in Masco by 1.4% in the third quarter. Pallas Capital Advisors LLC now owns 12,128 shares of the construction company’s stock valued at $854,000 after acquiring an additional 162 shares during the last quarter. Clearstead Advisors LLC raised its stake 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 acquiring an additional 168 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of Masco by 3.3% in the third quarter. Concurrent Investment Advisors LLC now owns 5,284 shares of the construction company’s stock worth $372,000 after acquiring an additional 171 shares during the last quarter. Finally, Foster & Motley Inc. lifted its holdings in shares of Masco by 0.6% in the third quarter. Foster & Motley Inc. now owns 27,077 shares of the construction company’s stock worth $1,906,000 after acquiring an additional 173 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MAS. Zelman & Associates cut shares of Masco to a “hold” rating in a research note on Wednesday, February 11th. Robert W. Baird set a $82.00 price target on shares of Masco in a research note on Wednesday, February 11th. Wells Fargo & Company boosted their price objective on shares of Masco from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Evercore set a $78.00 price objective on Masco in a report on Wednesday, February 11th. Finally, Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Seven analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $76.94.

Masco Price Performance

Shares of NYSE MAS opened at $64.15 on Tuesday. The company has a market capitalization of $13.06 billion, a PE ratio of 16.66, a P/E/G ratio of 1.81 and a beta of 1.27. The company has a quick ratio of 1.14, a current ratio of 1.81 and a debt-to-equity ratio of 38.75. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $79.19. The firm has a fifty day simple moving average of $69.83 and a 200 day simple moving average of $68.24.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. Masco had a return on equity of 856.70% and a net margin of 10.71%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The company’s revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, sell-side analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Friday, February 20th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Masco’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, February 20th. Masco’s payout ratio is 33.25%.

Masco announced that its board has approved a stock buyback plan on Tuesday, February 10th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the construction company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Masco

In other news, CAO Heath M. Eisman sold 747 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $71.92, for a total value of $53,724.24. Following the transaction, the chief accounting officer owned 12,510 shares in the company, valued at $899,719.20. This trade represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

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.