Pzena Investment Management LLC lifted its position in Masonite International Corp (NYSE:DOOR) by 3.2% in the second quarter, Holdings Channel reports. The firm owned 1,022,315 shares of the company’s stock after acquiring an additional 31,889 shares during the period. Pzena Investment Management LLC’s holdings in Masonite International were worth $53,856,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dupont Capital Management Corp raised its stake in Masonite International by 10.1% during the 2nd quarter. Dupont Capital Management Corp now owns 51,088 shares of the company’s stock valued at $2,691,000 after acquiring an additional 4,690 shares during the last quarter. Norges Bank purchased a new stake in Masonite International during the 4th quarter valued at approximately $21,146,000. Renaissance Group LLC raised its stake in Masonite International by 2.9% during the 1st quarter. Renaissance Group LLC now owns 11,961 shares of the company’s stock valued at $597,000 after acquiring an additional 333 shares during the last quarter. Systematic Financial Management LP raised its stake in Masonite International by 6.7% during the 1st quarter. Systematic Financial Management LP now owns 108,275 shares of the company’s stock valued at $5,402,000 after acquiring an additional 6,800 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in Masonite International by 8.3% during the 1st quarter. Rice Hall James & Associates LLC now owns 705,253 shares of the company’s stock valued at $35,185,000 after acquiring an additional 54,321 shares during the last quarter. 96.52% of the stock is owned by hedge funds and other institutional investors.
Several analysts have commented on the company. Robert W. Baird set a $62.00 price objective on Masonite International and gave the company a “buy” rating in a research note on Monday, April 22nd. ValuEngine raised Masonite International from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Wedbush reaffirmed a “neutral” rating on shares of Masonite International in a research note on Wednesday, August 7th. Zacks Investment Research downgraded Masonite International from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada set a $60.00 target price on Masonite International and gave the stock a “buy” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $60.88.
Shares of DOOR stock traded down $0.05 during trading hours on Friday, reaching $48.73. 2,614 shares of the company’s stock were exchanged, compared to its average volume of 147,281. The company has a market cap of $1.28 billion, a P/E ratio of 13.25 and a beta of 1.40. The company’s 50 day moving average is $52.20 and its two-hundred day moving average is $52.51. Masonite International Corp has a 1 year low of $43.76 and a 1 year high of $70.70. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.62 and a quick ratio of 1.70.
Masonite International (NYSE:DOOR) last issued its earnings results on Monday, August 5th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.06). The business had revenue of $562.94 million for the quarter, compared to analysts’ expectations of $577.81 million. Masonite International had a return on equity of 15.01% and a net margin of 2.99%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $1.24 earnings per share. As a group, analysts predict that Masonite International Corp will post 3.62 EPS for the current fiscal year.
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. 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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