American Century Companies Inc. lowered its position in shares of Masonite International Corporation (NYSE:DOOR) by 72.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,800 shares of the company’s stock after selling 130,073 shares during the quarter. American Century Companies Inc. owned 0.17% of Masonite International worth $3,377,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its stake in shares of Masonite International by 20.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,026 shares of the company’s stock worth $1,059,000 after purchasing an additional 2,410 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Masonite International by 515.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 115,475 shares of the company’s stock worth $9,151,000 after purchasing an additional 96,723 shares in the last quarter. Swiss National Bank raised its stake in shares of Masonite International by 16.2% during the 2nd quarter. Swiss National Bank now owns 49,577 shares of the company’s stock worth $3,743,000 after purchasing an additional 6,900 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Masonite International by 20.4% during the 2nd quarter. New York State Common Retirement Fund now owns 130,112 shares of the company’s stock worth $9,823,000 after purchasing an additional 22,006 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Masonite International by 32.8% during the 2nd quarter. Victory Capital Management Inc. now owns 208,308 shares of the company’s stock worth $15,727,000 after purchasing an additional 51,494 shares in the last quarter. 95.94% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on DOOR shares. Wedbush set a $70.00 price target on Masonite International and gave the company a “buy” rating in a research note on Saturday, August 12th. Instinet restated a “buy” rating and issued a $77.00 price target (down previously from $86.00) on shares of Masonite International in a research note on Thursday, August 10th. Nomura set a $77.00 price target on Masonite International and gave the company a “buy” rating in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and issued a $67.00 price target on shares of Masonite International in a research note on Monday, September 25th. Finally, Robert W. Baird restated a “buy” rating and issued a $70.00 price target on shares of Masonite International in a research note on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $76.73.
Masonite International Corporation (NYSE DOOR) opened at $72.25 on Friday. The company has a current ratio of 3.12, a quick ratio of 2.05 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $2,060.00, a price-to-earnings ratio of 22.44 and a beta of 1.37. Masonite International Corporation has a 12-month low of $50.40 and a 12-month high of $85.30.
Masonite International (NYSE:DOOR) last released its earnings results on Tuesday, November 7th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.08. The company had revenue of $517.50 million for the quarter, compared to analyst estimates of $509.04 million. Masonite International had a return on equity of 14.38% and a net margin of 4.75%. Masonite International’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. sell-side analysts forecast that Masonite International Corporation will post 3.48 earnings per share for the current fiscal year.
In other news, insider Robert Edgar Lewis sold 1,400 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $70.52, for a total transaction of $98,728.00. Following the sale, the insider now directly owns 22,518 shares of the company’s stock, valued at approximately $1,587,969.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John C. Wills sold 1,015 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $72.70, for a total value of $73,790.50. The disclosure for this sale can be found here. Corporate insiders own 2.19% of the company’s stock.
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Masonite International 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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