Masco Corporation $MAS Position Cut by Van ECK Associates Corp

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

Several other hedge funds have also recently added to or reduced their stakes in the business. Boston Trust Walden Corp raised its stake in Masco by 37.7% during the first quarter. Boston Trust Walden Corp now owns 713,598 shares of the construction company’s stock worth $43,080,000 after acquiring an additional 195,509 shares during the period. Balefire LLC acquired a new position in Masco in the first quarter valued at approximately $1,021,000. Oppenheimer Asset Management Inc. bought a new position in shares of Masco during the second quarter valued at approximately $13,269,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Masco during the fourth quarter valued at approximately $1,411,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Masco during the 2nd quarter worth approximately $5,016,000. Institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MAS. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Evercore lowered Masco from an “outperform” rating to an “in-line” rating and set a $78.00 target price on the stock. in a research report on Thursday, July 30th. Weiss Ratings upgraded Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. UBS Group reduced their price target on shares of Masco from $97.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Barclays lowered 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 assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $79.88.

Masco Stock Performance

Shares of NYSE MAS opened at $73.28 on Friday. Masco Corporation has a 12-month low of $58.16 and a 12-month high of $83.64. The company has a market cap of $14.45 billion, a PE ratio of 16.85, a P/E/G ratio of 1.84 and a beta of 1.30. The stock has a 50 day simple moving average of $76.70 and a 200-day simple moving average of $71.11. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07.

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

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 24th. Masco’s dividend payout ratio (DPR) is 29.43%.

Masco announced that its board has authorized a stock repurchase program on Thursday, May 7th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is 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.