Sitrin Capital Management LLC Acquires 464 Shares of Masco Co. (NYSE:MAS)

Sitrin Capital Management LLC raised its holdings in shares of Masco Co. (NYSE:MAS) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,445 shares of the construction company’s stock after buying an additional 464 shares during the quarter. Masco comprises 3.2% of Sitrin Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Sitrin Capital Management LLC’s holdings in Masco were worth $6,418,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Masco in the 4th quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in shares of Masco during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Masco during the fourth quarter valued at approximately $30,000. Capital Performance Advisors LLP acquired a new position in shares of Masco in the third quarter valued at $38,000. Finally, Ashton Thomas Securities LLC bought a new position in Masco in the third quarter worth $43,000. 93.91% of the stock is owned by institutional investors.

Masco Price Performance

Shares of MAS stock opened at $76.11 on Wednesday. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The stock has a market capitalization of $16.13 billion, a PE ratio of 20.24, a PEG ratio of 1.94 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. The stock’s fifty day moving average is $76.05 and its 200-day moving average is $78.84.

Masco (NYSE:MAS) last issued 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 last year, the company posted $0.83 EPS. 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. Investors of record on Friday, February 21st will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.63%. This is a positive change from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio (DPR) is currently 32.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. UBS Group lowered their target price on shares of Masco from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised their price target on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their price objective on Masco from $85.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group cut Masco from a “buy” rating to a “hold” rating and dropped their target price for the stock from $96.00 to $89.00 in a report on Monday, December 16th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.32.

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.