Fairpointe Capital LLC acquired a new position in shares of Masonite International Corp (NYSE:DOOR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,511 shares of the company’s stock, valued at approximately $483,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of Masonite International by 6.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock worth $119,000 after purchasing an additional 101 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Masonite International during the 3rd quarter worth about $221,000. California Public Employees Retirement System raised its stake in shares of Masonite International by 14.3% during the 2nd quarter. California Public Employees Retirement System now owns 3,200 shares of the company’s stock worth $242,000 after purchasing an additional 400 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in shares of Masonite International during the 3rd quarter worth about $225,000. Finally, ARP Americas LP purchased a new stake in shares of Masonite International during the 4th quarter worth about $260,000. Hedge funds and other institutional investors own 99.19% of the company’s stock.
Masonite International Corp (DOOR) opened at $61.30 on Tuesday. The company has a quick ratio of 2.20, a current ratio of 3.25 and a debt-to-equity ratio of 0.85. Masonite International Corp has a one year low of $50.40 and a one year high of $85.30. The firm has a market capitalization of $1,745.87, a P/E ratio of 11.93 and a beta of 1.27.
Masonite International (NYSE:DOOR) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.13). Masonite International had a net margin of 7.46% and a return on equity of 14.53%. The company had revenue of $508.50 million during the quarter, compared to the consensus estimate of $512.46 million. During the same period in the previous year, the business posted $0.55 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. research analysts predict that Masonite International Corp will post 3.91 earnings per share for the current fiscal year.
In related news, insider Robert Edgar Lewis sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was 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 approximately $1,076,459. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.19% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Masonite International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. TheStreet raised Masonite International from a “c+” rating to a “b” rating in a research note on Friday, November 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price target on shares of Masonite International in a research note on Friday, February 23rd. Stifel Nicolaus cut their price target on Masonite International from $69.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Finally, B. Riley raised their price target on Masonite International from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Masonite International presently has an average rating of “Hold” and a consensus target price of $77.90.
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Masonite International 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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