Rhumbline Advisers lowered its stake in Masonite International Corp (NYSE:DOOR) by 16.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,689 shares of the company’s stock after selling 5,514 shares during the quarter. Rhumbline Advisers owned 0.10% of Masonite International worth $2,053,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. California Public Employees Retirement System increased its stake in shares of Masonite International by 14.3% during the second quarter. California Public Employees Retirement System now owns 3,200 shares of the company’s stock valued at $242,000 after buying an additional 400 shares during the period. BB&T Corp increased its stake in shares of Masonite International by 22.0% during the fourth quarter. BB&T Corp now owns 4,218 shares of the company’s stock valued at $313,000 after buying an additional 762 shares during the period. Macquarie Group Ltd. increased its stake in shares of Masonite International by 3.9% during the third quarter. Macquarie Group Ltd. now owns 22,129 shares of the company’s stock valued at $1,531,000 after buying an additional 823 shares during the period. Parametrica Management Ltd increased its stake in shares of Masonite International by 26.4% during the fourth quarter. Parametrica Management Ltd now owns 4,552 shares of the company’s stock valued at $338,000 after buying an additional 952 shares during the period. Finally, American International Group Inc. increased its stake in shares of Masonite International by 8.1% during the third quarter. American International Group Inc. now owns 19,960 shares of the company’s stock valued at $1,381,000 after buying an additional 1,492 shares during the period. Hedge funds and other institutional investors own 99.19% of the company’s stock.
In other news, insider Robert Edgar Lewis sold 3,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $65.75, for a total value of $197,250.00. Following the sale, the insider now directly owns 16,372 shares of the company’s stock, valued at $1,076,459. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.19% of the company’s stock.
DOOR has been the topic of several research analyst reports. Stifel Nicolaus reduced their target price on Masonite International from $69.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. TheStreet raised Masonite International from a “c+” rating to a “b” rating in a research note on Friday, November 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Masonite International in a research note on Friday, February 23rd. Zacks Investment Research cut Masonite International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, B. Riley upped their price target on Masonite International from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.90.
Shares of Masonite International stock opened at $61.45 on Thursday. The firm has a market capitalization of $1,724.79, a price-to-earnings ratio of 18.15 and a beta of 1.27. Masonite International Corp has a 12 month low of $50.40 and a 12 month high of $85.30. The company has a quick ratio of 2.20, a current ratio of 3.25 and a debt-to-equity ratio of 0.85.
Masonite International (NYSE:DOOR) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.13). Masonite International had a return on equity of 14.53% and a net margin of 7.46%. The firm had revenue of $508.50 million during the quarter, compared to analysts’ expectations of $512.46 million. During the same period in the previous year, the company earned $0.55 earnings per share. Masonite International’s revenue for the quarter was up 5.7% on a year-over-year basis. analysts predict that Masonite International Corp will post 3.91 EPS for the current year.
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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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