Masonite International Corporation (NYSE:DOOR) insider Robert Edgar Lewis sold 1,400 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $70.52, for a total transaction of $98,728.00. Following the completion of the sale, the insider now owns 22,518 shares in the company, valued at $1,587,969.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Masonite International Corporation (NYSE DOOR) traded up $0.80 on Monday, hitting $74.80. 315,860 shares of the stock traded hands, compared to its average volume of 226,611. The company has a market cap of $2,106.86, a PE ratio of 22.98 and a beta of 1.33. Masonite International Corporation has a one year low of $50.40 and a one year high of $85.30. The company has a quick ratio of 2.05, a current ratio of 3.12 and a debt-to-equity ratio of 0.93.
Masonite International (NYSE:DOOR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.08. The company had revenue of $517.50 million during the quarter, compared to analysts’ expectations of $509.04 million. Masonite International had a net margin of 4.75% and a return on equity of 14.38%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. equities research analysts forecast that Masonite International Corporation will post 3.48 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Neuberger Berman Group LLC bought a new position in shares of Masonite International during the 3rd quarter worth approximately $53,419,000. California Public Employees Retirement System grew its stake in shares of Masonite International by 83.5% during the 3rd quarter. California Public Employees Retirement System now owns 5,873 shares of the company’s stock worth $406,000 after acquiring an additional 2,673 shares in the last quarter. Bamco Inc. NY grew its stake in shares of Masonite International by 3.5% during the 3rd quarter. Bamco Inc. NY now owns 1,896,561 shares of the company’s stock worth $131,242,000 after acquiring an additional 64,611 shares in the last quarter. Maple Rock Capital Partners Inc. grew its stake in shares of Masonite International by 12.5% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 450,000 shares of the company’s stock worth $31,140,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Masonite International during the 3rd quarter worth approximately $299,000.
DOOR has been the topic of several research analyst reports. Stephens downgraded shares of Masonite International from an “overweight” rating to an “equal weight” rating and set a $89.00 target price on the stock. in a report on Thursday, August 10th. BidaskClub downgraded shares of Masonite International from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Nomura set a $77.00 target price on shares of Masonite International and gave the stock a “buy” rating in a report on Thursday, August 10th. Instinet restated a “buy” rating and set a $77.00 target price (down from $86.00) on shares of Masonite International in a report on Thursday, August 10th. Finally, Stifel Nicolaus downgraded shares of Masonite International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $85.00 to $72.00 in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Masonite International has a consensus rating of “Hold” and a consensus target price of $76.73.
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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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