Clearbridge Investments LLC boosted its position in Masonite International Corporation (NYSE:DOOR) by 71.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 955,984 shares of the company’s stock after buying an additional 397,684 shares during the period. Clearbridge Investments LLC owned 3.20% of Masonite International Corporation worth $75,762,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Strs Ohio boosted its stake in Masonite International Corporation by 533.3% in the first quarter. Strs Ohio now owns 1,900 shares of the company’s stock worth $150,000 after buying an additional 1,600 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Masonite International Corporation by 68.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,659 shares of the company’s stock worth $174,000 after buying an additional 1,084 shares in the last quarter. SG Americas Securities LLC boosted its stake in Masonite International Corporation by 12.6% in the first quarter. SG Americas Securities LLC now owns 2,361 shares of the company’s stock worth $187,000 after buying an additional 264 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Masonite International Corporation during the first quarter worth about $208,000. Finally, Loews Corp bought a new stake in Masonite International Corporation during the first quarter worth about $213,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.
Masonite International Corporation (NYSE:DOOR) opened at 76.70 on Tuesday. Masonite International Corporation has a 12-month low of $55.60 and a 12-month high of $85.30. The stock’s 50 day moving average price is $74.46 and its 200 day moving average price is $73.67. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 22.71 and a beta of 1.26.
Masonite International Corporation (NYSE:DOOR) last posted its quarterly earnings data on Monday, May 8th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $487.18 million for the quarter, compared to analyst estimates of $497.51 million. Masonite International Corporation had a return on equity of 14.73% and a net margin of 5.29%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share. Analysts forecast that Masonite International Corporation will post $4.19 EPS for the current fiscal year.
DOOR has been the topic of a number of research reports. Zacks Investment Research lowered Masonite International Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 26th. Instinet decreased their price objective on Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, May 9th. Nomura initiated coverage on Masonite International Corporation in a report on Wednesday, April 12th. They issued a “buy” rating and a $50.00 price objective on the stock. Wedbush restated an “outperform” rating and issued a $85.00 price objective on shares of Masonite International Corporation in a report on Friday, June 16th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $92.00 price objective on shares of Masonite International Corporation in a report on Monday, June 19th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Masonite International Corporation has a consensus rating of “Buy” and an average target price of $78.11.
In related news, insider Robert Edgar Lewis sold 3,500 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $74.08, for a total transaction of $259,280.00. Following the transaction, the insider now directly owns 22,618 shares in the company, valued at $1,675,541.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.19% of the company’s stock.
Masonite International Corporation 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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