Masco Corporation $MAS Shares Sold by Sitrin Capital Management LLC

Sitrin Capital Management LLC lowered its position in shares of Masco Corporation (NYSE:MAS) by 11.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,072 shares of the construction company’s stock after selling 10,553 shares during the quarter. Masco makes up about 2.6% of Sitrin Capital Management LLC’s holdings, making the stock its 23rd largest holding. Sitrin Capital Management LLC’s holdings in Masco were worth $5,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global X Japan Co. Ltd. increased its holdings in shares of Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock valued at $26,000 after purchasing an additional 208 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Masco in the first quarter valued at approximately $29,000. Costello Asset Management INC acquired a new stake in shares of Masco in the first quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Masco in the first quarter valued at approximately $33,000. Finally, Steph & Co. acquired a new stake in shares of Masco in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

MAS has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Masco from $73.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Zacks Research raised Masco from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Robert W. Baird cut Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Tuesday, July 22nd. Loop Capital reissued a “hold” rating and set a $73.00 target price (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. Finally, Oppenheimer set a $79.00 target price on Masco and gave the stock an “outperform” rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.60.

Insider Buying and Selling at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the completion of the transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. This trade represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total value of $6,304,476.40. Following the completion of the transaction, the insider owned 39,638 shares of the company’s stock, valued at approximately $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Masco Trading Up 0.5%

MAS opened at $68.84 on Thursday. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The business has a fifty day simple moving average of $72.06 and a 200-day simple moving average of $66.86. The firm has a market cap of $14.41 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.50 and a beta of 1.18. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63.

Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2 billion. During the same period last year, the business posted $1.20 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, equities analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 8th. Masco’s dividend payout ratio (DPR) is currently 32.89%.

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.