Sitrin Capital Management LLC Has $6.42 Million Holdings in Masco Co. (NYSE:MAS)

Sitrin Capital Management LLC grew its holdings in Masco Co. (NYSE:MAS) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 88,445 shares of the construction company’s stock after purchasing an additional 464 shares during the period. Masco makes up approximately 3.2% of Sitrin Capital Management LLC’s portfolio, making the stock its 13th biggest position. Sitrin Capital Management LLC’s holdings in Masco were worth $6,418,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MAS. ORG Wealth Partners LLC bought a new stake in Masco in the fourth quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new position in shares of Masco during the 4th quarter worth about $27,000. Kestra Investment Management LLC bought a new stake in shares of Masco in the 4th quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new stake in shares of Masco in the 3rd quarter valued at approximately $38,000. Finally, Ashton Thomas Securities LLC bought a new position in Masco during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Robert W. Baird lowered their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on Masco from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Citigroup reduced their target price on Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Barclays increased their price target on Masco from $84.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.32.

Masco Stock Performance

Shares of MAS stock opened at $76.11 on Wednesday. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70. The company’s fifty day simple moving average is $76.05 and its 200-day simple moving average is $78.84. The firm has a market cap of $16.13 billion, a PE ratio of 20.24, a P/E/G ratio of 1.94 and a beta of 1.25. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Masco had a net margin of 10.50% and a return on equity of 838.32%. During the same quarter in the prior year, the business posted $0.83 earnings per share. Equities research analysts expect that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 21st will be given a dividend of $0.31 per share. This is a positive change from Masco’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.24 annualized dividend and a dividend yield of 1.63%. Masco’s payout ratio is 32.98%.

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.