Insider Selling: Masonite International Co. (NYSE:DOOR) Director Sells 4,000 Shares of Stock

Masonite International Co. (NYSE:DOOR) Director Jonathan F. Foster sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 17th. The shares were sold at an average price of $95.20, for a total transaction of $380,800.00. Following the completion of the sale, the director now directly owns 10,027 shares in the company, valued at approximately $954,570.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Masonite International stock opened at $98.33 on Friday. The firm’s fifty day simple moving average is $96.16 and its 200-day simple moving average is $84.23. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 56.51 and a beta of 1.83. Masonite International Co. has a 12 month low of $34.88 and a 12 month high of $109.84. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.66 and a quick ratio of 1.94.

Masonite International (NYSE:DOOR) last announced its earnings results on Monday, November 2nd. The company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.38. Masonite International had a net margin of 2.01% and a return on equity of 22.09%. The business had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $583.40 million. During the same period in the previous year, the company posted $1.08 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts anticipate that Masonite International Co. will post 6 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in Masonite International by 8.2% in the 3rd quarter. Wells Fargo & Company MN now owns 624,898 shares of the company’s stock valued at $61,490,000 after purchasing an additional 47,409 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Masonite International by 120.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 440,312 shares of the company’s stock valued at $43,327,000 after purchasing an additional 240,167 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Masonite International by 55.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 335,737 shares of the company’s stock valued at $33,037,000 after purchasing an additional 119,667 shares during the period. Columbus Circle Investors boosted its position in shares of Masonite International by 107.1% in the 2nd quarter. Columbus Circle Investors now owns 316,087 shares of the company’s stock valued at $24,585,000 after purchasing an additional 163,450 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Masonite International by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 286,265 shares of the company’s stock worth $28,169,000 after acquiring an additional 3,618 shares in the last quarter. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Several analysts recently weighed in on DOOR shares. Benchmark raised their target price on shares of Masonite International from $100.00 to $125.00 and gave the company a “buy” rating in a report on Monday, October 5th. TheStreet cut shares of Masonite International from a “b” rating to a “c” rating in a report on Tuesday, November 3rd. Robert W. Baird raised their price objective on shares of Masonite International from $92.00 to $108.00 and gave the stock a “neutral” rating in a report on Tuesday, October 20th. Wedbush raised shares of Masonite International from a “neutral” rating to an “outperform” rating in a report on Friday, November 13th. Finally, ValuEngine raised shares of Masonite International from a “strong sell” rating to a “sell” rating in a report on Monday, November 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $98.18.

About Masonite International

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. It 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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