Van ECK Associates Corp Increases Stock Holdings in Masco Co. (NYSE:MAS)

Van ECK Associates Corp raised its stake in Masco Co. (NYSE:MAS - Free Report) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,924,621 shares of the construction company's stock after acquiring an additional 9,094 shares during the period. Van ECK Associates Corp owned 1.34% of Masco worth $194,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MAS. International Assets Investment Management LLC boosted its stake in Masco by 12,355.4% in the fourth quarter. International Assets Investment Management LLC now owns 15,071 shares of the construction company's stock valued at $1,009,000 after acquiring an additional 14,950 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Masco by 22.0% in the fourth quarter. Russell Investments Group Ltd. now owns 168,661 shares of the construction company's stock valued at $11,312,000 after acquiring an additional 30,412 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Masco by 8.8% during the fourth quarter. Savant Capital LLC now owns 6,989 shares of the construction company's stock worth $468,000 after buying an additional 563 shares during the period. Amalgamated Bank boosted its stake in shares of Masco by 6.9% during the fourth quarter. Amalgamated Bank now owns 66,595 shares of the construction company's stock worth $4,461,000 after buying an additional 4,289 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Masco by 87,241.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 117,037 shares of the construction company's stock worth $7,840,000 after buying an additional 116,903 shares during the period. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Price Performance

Masco stock traded up $0.70 during mid-day trading on Friday, reaching $79.56. The company had a trading volume of 1,285,485 shares, compared to its average volume of 1,502,812. Masco Co. has a 1 year low of $47.66 and a 1 year high of $81.91. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The company has a market capitalization of $17.36 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.50 and a beta of 1.24. The stock's 50-day simple moving average is $72.75 and its 200-day simple moving average is $72.62.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. Masco's revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 earnings per share. On average, equities analysts predict that Masco Co. will post 4.11 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Friday, August 2nd. Masco's dividend payout ratio (DPR) is presently 28.43%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Robert W. Baird increased their target price on shares of Masco from $84.00 to $88.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Royal Bank of Canada increased their target price on shares of Masco from $78.00 to $79.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Citigroup decreased their target price on shares of Masco from $73.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, July 11th. Truist Financial increased their target price on shares of Masco from $81.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Finally, BMO Capital Markets increased their target price on shares of Masco from $75.00 to $78.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Masco currently has an average rating of "Moderate Buy" and a consensus price target of $77.58.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.