Goldman Sachs Group Inc. Grows Stake in Masonite International Corp (DOOR)

Goldman Sachs Group Inc. lifted its stake in shares of Masonite International Corp (NYSE:DOOR) by 20.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,593 shares of the company’s stock after acquiring an additional 65,909 shares during the quarter. Goldman Sachs Group Inc. owned 1.30% of Masonite International Corp worth $29,112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of Masonite International Corp by 1.4% during the 2nd quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock worth $181,000 after acquiring an additional 34 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Masonite International Corp by 1.1% during the 2nd quarter. Prudential Financial Inc. now owns 3,520 shares of the company’s stock worth $266,000 after acquiring an additional 40 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Masonite International Corp by 2.8% during the 2nd quarter. Amalgamated Bank now owns 3,827 shares of the company’s stock worth $289,000 after acquiring an additional 105 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Masonite International Corp by 3.4% during the 1st quarter. Stifel Financial Corp now owns 3,786 shares of the company’s stock worth $300,000 after acquiring an additional 125 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Masonite International Corp by 18.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after acquiring an additional 258 shares in the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

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In other news, Director Robert J. Byrne acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average price of $60.81 per share, for a total transaction of $91,215.00. Following the transaction, the director now directly owns 9,633 shares in the company, valued at $585,782.73. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.19% of the stock is owned by corporate insiders.

DOOR has been the subject of several research reports. Robert W. Baird reissued a “buy” rating and set a $70.00 price objective on shares of Masonite International Corp in a research note on Sunday, September 17th. TheStreet lowered Masonite International Corp from a “b” rating to a “c+” rating in a research note on Friday, August 25th. Zacks Investment Research lowered Masonite International Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $92.00 target price on shares of Masonite International Corp in a research report on Monday, June 19th. Finally, Northcoast Research cut Masonite International Corp from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Monday, September 18th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Masonite International Corp has a consensus rating of “Hold” and a consensus target price of $75.60.

Shares of Masonite International Corp (NYSE:DOOR) opened at 67.30 on Thursday. Masonite International Corp has a 12 month low of $50.40 and a 12 month high of $85.30. The stock has a 50 day moving average price of $65.55 and a 200 day moving average price of $72.83. The firm has a market cap of $1.99 billion, a PE ratio of 21.14 and a beta of 1.31.

Masonite International Corp (NYSE:DOOR) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.22). Masonite International Corp had a net margin of 4.95% and a return on equity of 14.01%. The firm had revenue of $519.70 million during the quarter, compared to the consensus estimate of $547.79 million. During the same quarter in the prior year, the company earned $1.02 EPS. Masonite International Corp’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities research analysts expect that Masonite International Corp will post $3.36 EPS for the current year.

About Masonite International Corp

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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Institutional Ownership by Quarter for Masonite International Corp (NYSE:DOOR)

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