D. E. Shaw & Co. Inc. grew its stake in Masonite International Corp (NYSE:DOOR) by 40.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,149 shares of the company’s stock after buying an additional 76,475 shares during the period. D. E. Shaw & Co. Inc. owned 1.01% of Masonite International worth $11,976,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of DOOR. Bank of New York Mellon Corp increased its position in shares of Masonite International by 6.4% during the second quarter. Bank of New York Mellon Corp now owns 214,092 shares of the company’s stock valued at $15,382,000 after acquiring an additional 12,958 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Masonite International during the third quarter valued at $423,000. Wells Fargo & Company MN grew its holdings in Masonite International by 27.0% during the third quarter. Wells Fargo & Company MN now owns 264,009 shares of the company’s stock valued at $16,923,000 after purchasing an additional 56,117 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in Masonite International during the third quarter valued at $696,000. Finally, Jennison Associates LLC bought a new position in Masonite International during the third quarter valued at $492,000. Institutional investors and hedge funds own 98.09% of the company’s stock.
In other news, insider Robert Edgar Lewis sold 1,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $55.28, for a total value of $55,280.00. Following the completion of the transaction, the insider now directly owns 21,238 shares of the company’s stock, valued at $1,174,036.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.38% of the stock is owned by company insiders.
Masonite International (NYSE:DOOR) last posted its quarterly earnings results on Monday, February 18th. The company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.06. Masonite International had a return on equity of 14.96% and a net margin of 4.27%. The firm had revenue of $528.35 million during the quarter, compared to analyst estimates of $528.60 million. During the same period last year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts anticipate that Masonite International Corp will post 3.94 earnings per share for the current year.
Several equities analysts have weighed in on DOOR shares. Royal Bank of Canada set a $58.00 price objective on Masonite International and gave the company a “buy” rating in a report on Tuesday, February 5th. Zacks Investment Research lowered Masonite International from a “hold” rating to a “sell” rating in a report on Monday, January 14th. Nomura set a $70.00 price objective on Masonite International and gave the company a “buy” rating in a report on Monday, December 17th. ValuEngine lowered Masonite International from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, Wedbush reduced their price objective on Masonite International from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, December 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $62.29.
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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.
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