Thrivent Financial For Lutherans lessened its position in Masonite International Corporation (NYSE:DOOR) by 12.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,750 shares of the company’s stock after selling 23,250 shares during the quarter. Thrivent Financial For Lutherans owned about 0.56% of Masonite International Corporation worth $12,665,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Masonite International Corporation by 84,431.7% in the 1st quarter. BlackRock Inc. now owns 2,133,580 shares of the company’s stock worth $169,086,000 after acquiring an additional 2,131,056 shares during the period. Dimensional Fund Advisors LP raised its holdings in Masonite International Corporation by 515.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 115,475 shares of the company’s stock worth $9,151,000 after acquiring an additional 96,723 shares during the period. Bank of America Corp DE raised its holdings in Masonite International Corporation by 49.0% in the 1st quarter. Bank of America Corp DE now owns 156,217 shares of the company’s stock worth $12,380,000 after acquiring an additional 51,367 shares during the period. Prudential Financial Inc. bought a new position in Masonite International Corporation in the 1st quarter worth $276,000. Finally, Stifel Financial Corp raised its holdings in Masonite International Corporation by 3.4% in the 1st quarter. Stifel Financial Corp now owns 3,786 shares of the company’s stock worth $300,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.
DOOR has been the topic of several recent analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $70.00 target price on shares of Masonite International Corporation in a report on Sunday. TheStreet downgraded shares of Masonite International Corporation from a “b” rating to a “c+” rating in a report on Friday, August 25th. Zacks Investment Research downgraded shares of Masonite International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and set a $92.00 price objective on shares of Masonite International Corporation in a report on Monday, June 19th. Finally, Northcoast Research downgraded shares of Masonite International Corporation from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a report on Monday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Masonite International Corporation presently has an average rating of “Hold” and an average target price of $75.60.
Shares of Masonite International Corporation (NYSE DOOR) opened at 64.55 on Thursday. The stock’s 50 day moving average is $65.32 and its 200 day moving average is $74.30. Masonite International Corporation has a 12 month low of $50.40 and a 12 month high of $85.30. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 20.27 and a beta of 1.29.
Masonite International Corporation (NYSE:DOOR) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.22). The company had revenue of $519.70 million during the quarter, compared to the consensus estimate of $547.79 million. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.01%. Masonite International Corporation’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share. Equities research analysts forecast that Masonite International Corporation will post $3.37 earnings per share for the current fiscal year.
In related news, Director Robert J. Byrne acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were bought at an average cost of $60.81 per share, with a total value of $91,215.00. Following the completion of the transaction, the director now directly owns 9,633 shares of the company’s stock, valued at $585,782.73. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.19% of the stock is owned by corporate insiders.
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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