Masonite International Corp (DOOR) Stake Decreased by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in Masonite International Corp (NYSE:DOOR) by 9.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,663 shares of the company’s stock after selling 5,115 shares during the period. California State Teachers Retirement System’s holdings in Masonite International were worth $3,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its stake in Masonite International by 67.7% during the second quarter. Great West Life Assurance Co. Can now owns 4,024 shares of the company’s stock valued at $303,000 after buying an additional 1,624 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Masonite International by 3.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 177,212 shares of the company’s stock valued at $13,380,000 after buying an additional 6,310 shares during the last quarter. First Trust Advisors LP bought a new position in Masonite International during the second quarter valued at approximately $550,000. SG Americas Securities LLC boosted its stake in Masonite International by 1.4% during the second quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock valued at $181,000 after buying an additional 34 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Masonite International by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 151,657 shares of the company’s stock valued at $11,450,000 after buying an additional 5,725 shares during the last quarter.

Shares of Masonite International Corp (NYSE DOOR) opened at $73.35 on Wednesday. Masonite International Corp has a 52-week low of $50.40 and a 52-week high of $85.30. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.05 and a current ratio of 3.12. The stock has a market capitalization of $2,110.00, a P/E ratio of 23.07 and a beta of 1.38.

Masonite International (NYSE:DOOR) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. Masonite International had a return on equity of 14.38% and a net margin of 4.75%. The business had revenue of $517.50 million for the quarter, compared to the consensus estimate of $509.04 million. During the same period in the prior year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. equities research analysts predict that Masonite International Corp will post 3.48 EPS for the current year.

In other news, Director John C. Wills sold 1,015 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $72.70, for a total value of $73,790.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James A. Hair sold 1,600 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $72.34, for a total value of $115,744.00. Following the completion of the sale, the insider now owns 4,172 shares in the company, valued at $301,802.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,015 shares of company stock worth $288,263. Company insiders own 2.19% of the company’s stock.

DOOR has been the subject of a number of research reports. Robert W. Baird reissued a “buy” rating and set a $70.00 price target on shares of Masonite International in a research note on Sunday, September 17th. Northcoast Research lowered Masonite International from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a research note on Monday, September 18th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating and set a $67.00 price target on shares of Masonite International in a research note on Monday, September 25th. Wedbush lowered Masonite International from an “outperform” rating to a “neutral” rating and set a $70.00 price target for the company. in a research note on Tuesday, October 3rd. Finally, BidaskClub lowered Masonite International from a “sell” rating to a “strong sell” rating in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Masonite International presently has an average rating of “Hold” and a consensus price target of $76.60.

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Masonite International Company Profile

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 (NYSE:DOOR)

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