US Bancorp DE increased its stake in Masonite International Corporation (NYSE:DOOR) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,530 shares of the company’s stock after buying an additional 782 shares during the period. US Bancorp DE’s holdings in Masonite International Corporation were worth $870,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Strs Ohio raised its stake in Masonite International Corporation by 533.3% in the first quarter. Strs Ohio now owns 1,900 shares of the company’s stock valued at $150,000 after buying an additional 1,600 shares in the last quarter. SG Americas Securities LLC raised its stake in Masonite International Corporation by 12.6% in the first quarter. SG Americas Securities LLC now owns 2,361 shares of the company’s stock valued at $187,000 after buying an additional 264 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Masonite International Corporation during the first quarter valued at approximately $208,000. Loews Corp bought a new stake in Masonite International Corporation during the first quarter valued at approximately $213,000. Finally, Prudential Financial Inc. bought a new stake in Masonite International Corporation during the first quarter valued at approximately $276,000. Institutional investors and hedge funds own 98.25% of the company’s stock.
Shares of Masonite International Corporation (NYSE:DOOR) traded up 0.3686% on Friday, hitting $58.5651. The stock had a trading volume of 301,596 shares. The stock has a market cap of $1.74 billion, a P/E ratio of 18.3936 and a beta of 1.26. The firm has a 50 day moving average of $75.23 and a 200 day moving average of $75.70. Masonite International Corporation has a 12 month low of $50.40 and a 12 month high of $85.30.
Masonite International Corporation (NYSE:DOOR) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.22. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.13%. The business had revenue of $519.70 million during the quarter, compared to analysts’ expectations of $547.79 million. During the same quarter last year, the firm earned $1.02 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts forecast that Masonite International Corporation will post $3.98 earnings per share for the current fiscal year.
Several equities research analysts have commented on DOOR shares. Royal Bank Of Canada restated a “buy” rating and issued a $92.00 price objective on shares of Masonite International Corporation in a research report on Monday, June 19th. Instinet lowered their price objective on Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, May 9th. Zacks Investment Research upgraded Masonite International Corporation from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Monday, July 24th. Nomura set a $77.00 price objective on Masonite International Corporation and gave the stock a “buy” rating in a research report on Thursday. Finally, Stephens lowered Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 price objective on the stock. in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. Masonite International Corporation presently has a consensus rating of “Buy” and a consensus price target of $79.70.
In related news, insider Robert Edgar Lewis sold 3,500 shares of Masonite International Corporation stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $74.08, for a total value of $259,280.00. Following the sale, the insider now directly owns 22,618 shares in the company, valued at $1,675,541.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.19% of the stock is owned by insiders.
About Masonite International Corporation
Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.
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