The Manufacturers Life Insurance Company lessened its position in shares of Masonite International Corp (NYSE:DOOR) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,589 shares of the company’s stock after selling 1,049 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Masonite International worth $1,527,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bamco Inc. NY grew its position in Masonite International by 3.5% during the third quarter. Bamco Inc. NY now owns 1,896,561 shares of the company’s stock valued at $131,242,000 after buying an additional 64,611 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of Masonite International by 87.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,730,607 shares of the company’s stock valued at $119,758,000 after purchasing an additional 807,811 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of Masonite International by 204.0% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,012,620 shares of the company’s stock valued at $75,087,000 after purchasing an additional 679,495 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of Masonite International in the third quarter valued at about $53,419,000. Finally, Maple Rock Capital Partners Inc. grew its position in shares of Masonite International by 12.5% in the third quarter. Maple Rock Capital Partners Inc. now owns 450,000 shares of the company’s stock valued at $31,140,000 after purchasing an additional 50,000 shares during the period. Institutional investors own 99.19% of the company’s stock.
Shares of NYSE:DOOR traded down $0.80 during midday trading on Friday, hitting $61.65. The company’s stock had a trading volume of 191,009 shares, compared to its average volume of 191,685. The company has a current ratio of 3.25, a quick ratio of 2.20 and a debt-to-equity ratio of 0.85. The company has a market cap of $1,733.23, a P/E ratio of 18.51 and a beta of 1.23. Masonite International Corp has a 12-month low of $50.40 and a 12-month high of $85.30.
Masonite International (NYSE:DOOR) last posted 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). The business had revenue of $508.50 million during the quarter, compared to analysts’ expectations of $512.46 million. Masonite International had a return on equity of 14.53% and a net margin of 7.46%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. analysts expect that Masonite International Corp will post 3.91 earnings per share for the current year.
In other news, insider Robert Edgar Lewis sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $65.75, for a total value of $197,250.00. Following the transaction, 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 accessible through this link. Company insiders own 2.19% of the company’s stock.
Several analysts have recently issued reports on the stock. B. Riley lifted their target price on shares of Masonite International from $83.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Zacks Investment Research lowered shares of Masonite International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. TheStreet lowered shares of Masonite International from a “b-” rating to a “c+” rating in a research report on Tuesday, April 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Masonite International in a research report on Friday, February 23rd. Finally, Stifel Nicolaus dropped their target price on shares of Masonite International from $69.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Masonite International has an average rating of “Hold” and a consensus price target of $77.90.
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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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