Masonite International Corp (DOOR) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lifted its position in Masonite International Corp (NYSE:DOOR) by 167.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,608 shares of the company’s stock after purchasing an additional 1,006 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Masonite International were worth $103,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DOOR. BlueMountain Capital Management LLC boosted its position in shares of Masonite International by 1,412.5% in the 2nd quarter. BlueMountain Capital Management LLC now owns 246,274 shares of the company’s stock valued at $17,695,000 after purchasing an additional 229,991 shares during the period. Wells Fargo & Company MN raised its stake in Masonite International by 149.7% during the 2nd quarter. Wells Fargo & Company MN now owns 207,892 shares of the company’s stock valued at $14,937,000 after acquiring an additional 124,630 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in Masonite International by 33.6% during the 2nd quarter. Rice Hall James & Associates LLC now owns 473,706 shares of the company’s stock valued at $34,036,000 after acquiring an additional 119,195 shares during the last quarter. Pembroke Management LTD raised its stake in Masonite International by 62.4% during the 2nd quarter. Pembroke Management LTD now owns 206,945 shares of the company’s stock valued at $14,869,000 after acquiring an additional 79,500 shares during the last quarter. Finally, Pzena Investment Management LLC raised its stake in Masonite International by 8.2% during the 2nd quarter. Pzena Investment Management LLC now owns 1,002,048 shares of the company’s stock valued at $71,997,000 after acquiring an additional 75,858 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on DOOR. Robert W. Baird set a $72.00 price objective on Masonite International and gave the company a “buy” rating in a research note on Tuesday, October 16th. Nomura reduced their price objective on Masonite International from $86.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, October 9th. Zacks Investment Research downgraded Masonite International from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Royal Bank of Canada set a $76.00 price objective on Masonite International and gave the company a “buy” rating in a research note on Monday, October 8th. Finally, ValuEngine downgraded Masonite International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $73.14.

In other news, Director George A. Lorch sold 12,800 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $68.64, for a total transaction of $878,592.00. Following the completion of the transaction, the director now directly owns 22,832 shares of the company’s stock, valued at approximately $1,567,188.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert Edgar Lewis sold 4,500 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $66.44, for a total value of $298,980.00. Following the transaction, the insider now directly owns 16,786 shares of the company’s stock, valued at $1,115,261.84. The disclosure for this sale can be found here. Corporate insiders own 2.19% of the company’s stock.

DOOR opened at $56.50 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.51 and a debt-to-equity ratio of 0.88. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 16.97 and a beta of 1.28. Masonite International Corp has a 52 week low of $52.81 and a 52 week high of $75.95.

Masonite International (NYSE:DOOR) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.14. The firm had revenue of $566.70 million during the quarter, compared to the consensus estimate of $560.47 million. Masonite International had a return on equity of 14.98% and a net margin of 7.43%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS. On average, equities research analysts expect that Masonite International Corp will post 4.05 earnings per share for the current fiscal year.

Masonite International Company Profile

Masonite International Corporation designs, manufactures, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.

Further Reading: Price to Earnings Ratio (PE) Basics

Want to see what other hedge funds are holding DOOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masonite International Corp (NYSE:DOOR).

Institutional Ownership by Quarter for Masonite International (NYSE:DOOR)

Receive News & Ratings for Masonite International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply