Van ECK Associates Corp Has $241.83 Million Position in Masco Co. (NYSE:MAS)

Van ECK Associates Corp increased its position in Masco Co. (NYSE:MAS - Free Report) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,950,880 shares of the construction company's stock after purchasing an additional 26,259 shares during the quarter. Van ECK Associates Corp owned approximately 1.34% of Masco worth $241,825,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp increased its position in Masco by 14.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company's stock worth $42,245,000 after purchasing an additional 67,806 shares during the period. Quantbot Technologies LP bought a new position in Masco during the first quarter worth about $1,903,000. Manning & Napier Advisors LLC bought a new position in Masco during the second quarter worth about $82,363,000. Vanguard Group Inc. boosted its holdings in Masco by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company's stock worth $2,074,591,000 after buying an additional 721,117 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Masco by 119.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 290,123 shares of the construction company's stock worth $22,885,000 after buying an additional 157,711 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAS has been the topic of a number of recent analyst reports. Citigroup reduced their target price on Masco from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, July 11th. Truist Financial raised their target price on Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday. StockNews.com cut Masco from a "buy" rating to a "hold" rating in a report on Wednesday. Royal Bank of Canada cut Masco from an "outperform" rating to a "sector perform" rating and raised their target price for the stock from $79.00 to $80.00 in a report on Wednesday. Finally, Robert W. Baird cut their price objective on Masco from $95.00 to $94.00 and set an "outperform" rating on the stock in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $84.85.

Insiders Place Their Bets

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares of the company's stock, valued at $2,896,273.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company's stock.

Masco Stock Up 0.3 %

NYSE MAS traded up $0.27 during trading on Friday, hitting $80.18. The stock had a trading volume of 984,078 shares, compared to its average volume of 1,487,033. The company has a market capitalization of $17.30 billion, a PE ratio of 21.32, a P/E/G ratio of 2.58 and a beta of 1.24. The company's 50-day moving average price is $81.60 and its two-hundred day moving average price is $74.55. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.12 and a current ratio of 1.83. Masco Co. has a 12 month low of $53.44 and a 12 month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 EPS. As a group, sell-side analysts forecast that Masco Co. will post 4.1 EPS for the current year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, November 8th. Masco's payout ratio is 30.85%.

About Masco

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.