Sei Investments Co. Acquires 120,406 Shares of Masonite International Corporation (DOOR)

Sei Investments Co. increased its holdings in shares of Masonite International Corporation (NYSE:DOOR) by 448.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147,245 shares of the company’s stock after purchasing an additional 120,406 shares during the period. Sei Investments Co. owned 0.50% of Masonite International Corporation worth $10,190,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Masonite International Corporation by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,370,709 shares of the company’s stock worth $178,989,000 after purchasing an additional 19,380 shares during the period. BlackRock Inc. boosted its stake in Masonite International Corporation by 0.6% during the 2nd quarter. BlackRock Inc. now owns 2,145,898 shares of the company’s stock worth $162,015,000 after purchasing an additional 12,318 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in Masonite International Corporation by 8.9% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 922,796 shares of the company’s stock worth $69,671,000 after purchasing an additional 75,358 shares during the period. Pzena Investment Management LLC boosted its stake in Masonite International Corporation by 9.1% during the 3rd quarter. Pzena Investment Management LLC now owns 858,682 shares of the company’s stock worth $59,421,000 after purchasing an additional 71,864 shares during the period. Finally, State Street Corp boosted its stake in Masonite International Corporation by 7.8% during the 2nd quarter. State Street Corp now owns 710,909 shares of the company’s stock worth $53,673,000 after purchasing an additional 51,668 shares during the period. Hedge funds and other institutional investors own 95.94% of the company’s stock.

In other news, insider Robert Edgar Lewis sold 1,400 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $70.52, for a total value of $98,728.00. Following the completion of the transaction, the insider now owns 22,518 shares in the company, valued at approximately $1,587,969.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.19% of the company’s stock.

Masonite International Corporation (DOOR) opened at $72.00 on Monday. The company has a quick ratio of 2.05, a current ratio of 3.12 and a debt-to-equity ratio of 0.93. The stock has a market cap of $2,049.92, a PE ratio of 22.36 and a beta of 1.29. Masonite International Corporation has a twelve month low of $50.40 and a twelve month high of $85.30.

Masonite International Corporation (NYSE:DOOR) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. The business had revenue of $517.50 million during the quarter, compared to the consensus estimate of $509.04 million. Masonite International Corporation had a net margin of 4.75% and a return on equity of 14.38%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. analysts forecast that Masonite International Corporation will post 3.48 earnings per share for the current fiscal year.

DOOR has been the subject of several recent analyst reports. B. Riley raised their target price on shares of Masonite International Corporation from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Royal Bank Of Canada restated an “outperform” rating and issued a $74.00 target price (up previously from $72.00) on shares of Masonite International Corporation in a research note on Thursday, November 9th. Stifel Nicolaus restated a “hold” rating and issued a $69.00 target price (up previously from $60.00) on shares of Masonite International Corporation in a research note on Thursday, November 9th. BidaskClub cut shares of Masonite International Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Masonite International Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $76.73.

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Masonite International Corporation 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.

Institutional Ownership by Quarter for Masonite International Corporation (NYSE:DOOR)

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