Pembroke Management LTD trimmed its holdings in shares of Masonite International Corporation (NYSE:DOOR) by 15.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,195 shares of the company’s stock after selling 29,500 shares during the quarter. Pembroke Management LTD owned about 0.57% of Masonite International worth $11,570,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in DOOR. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Masonite International during the third quarter worth approximately $23,052,000. Koch Industries Inc. acquired a new stake in shares of Masonite International in the second quarter valued at approximately $248,000. Impala Asset Management LLC acquired a new stake in shares of Masonite International in the second quarter valued at approximately $14,300,000. Sei Investments Co. increased its holdings in shares of Masonite International by 448.6% in the third quarter. Sei Investments Co. now owns 147,245 shares of the company’s stock valued at $10,190,000 after purchasing an additional 120,406 shares in the last quarter. Finally, Pax World Management LLC acquired a new stake in shares of Masonite International in the third quarter valued at approximately $8,230,000.
DOOR has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating on shares of Masonite International in a research report on Wednesday, November 1st. BidaskClub cut shares of Masonite International from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Masonite International in a research report on Monday, September 25th. Zacks Investment Research raised shares of Masonite International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Stephens cut shares of Masonite International from an “overweight” rating to an “equal weight” rating and set a $89.00 price target on the stock. in a research report on Thursday, August 10th. 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 company. The company presently has a consensus rating of “Hold” and an average target price of $76.73.
Shares of Masonite International Corporation (DOOR) opened at $71.00 on Friday. The company has a quick ratio of 2.05, a current ratio of 3.12 and a debt-to-equity ratio of 0.93. The stock has a market cap of $2,039.96, a PE ratio of 22.25 and a beta of 1.33. Masonite International Corporation has a twelve month low of $50.40 and a twelve month high of $85.30.
Masonite International (NYSE:DOOR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. Masonite International had a net margin of 4.75% and a return on equity of 14.38%. The firm had revenue of $517.50 million during the quarter, compared to the consensus estimate of $509.04 million. During the same quarter in the previous year, the firm posted $0.89 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities research analysts expect that Masonite International Corporation will post 3.48 earnings per share for the current fiscal year.
In related news, insider Robert Edgar Lewis sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $70.52, for a total transaction of $98,728.00. Following the transaction, the insider now directly owns 22,518 shares of the company’s stock, valued at $1,587,969.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James A. Hair sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $72.34, for a total transaction of $115,744.00. Following the transaction, the insider now directly owns 4,172 shares in the company, valued at $301,802.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,015 shares of company stock valued at $288,263. 2.19% of the stock is currently owned by insiders.
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Masonite International 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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