Jane Street Group LLC purchased a new stake in shares of Masonite International Corp (NYSE:DOOR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,317 shares of the company’s stock, valued at approximately $299,000.
A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in Masonite International by 0.8% during the second quarter. Vanguard Group Inc. now owns 2,370,709 shares of the company’s stock valued at $178,989,000 after buying an additional 19,380 shares in the last quarter. BlackRock Inc. lifted its position in Masonite International by 0.6% during the second quarter. BlackRock Inc. now owns 2,145,898 shares of the company’s stock valued at $162,015,000 after buying an additional 12,318 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Masonite International by 87.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,730,607 shares of the company’s stock valued at $119,758,000 after buying an additional 807,811 shares in the last quarter. Pzena Investment Management LLC lifted its position in Masonite International by 9.1% during the third quarter. Pzena Investment Management LLC now owns 858,682 shares of the company’s stock valued at $59,421,000 after buying an additional 71,864 shares in the last quarter. Finally, State Street Corp lifted its position in Masonite International by 7.8% during the second quarter. State Street Corp now owns 710,909 shares of the company’s stock valued at $53,673,000 after buying an additional 51,668 shares in the last quarter.
Masonite International Corp (DOOR) traded up $0.50 on Friday, hitting $73.60. 103,972 shares of the stock were exchanged, compared to its average volume of 167,144. The stock has a market capitalization of $2,050.00, a price-to-earnings ratio of 23.14 and a beta of 1.38. Masonite International Corp has a 12 month low of $50.40 and a 12 month high of $85.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.12 and a quick ratio of 2.05.
Masonite International (NYSE:DOOR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 4.75% and a return on equity of 14.38%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. analysts forecast that Masonite International Corp will post 3.48 earnings per share for the current year.
A number of brokerages have weighed in on DOOR. Zacks Investment Research cut shares of Masonite International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. TheStreet raised shares of Masonite International from a “c+” rating to a “b” rating in a research report on Friday, November 24th. B. Riley lifted their price target on shares of Masonite International from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Wedbush cut shares of Masonite International from an “outperform” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Tuesday, October 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price objective (up previously from $72.00) on shares of Masonite International in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $76.60.
In related news, insider James A. Hair sold 1,600 shares of Masonite International stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $72.34, for a total value of $115,744.00. Following the completion of the sale, the insider now owns 4,172 shares in the company, valued at $301,802.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Edgar Lewis sold 1,400 shares of Masonite International 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 completion of the sale, the insider now owns 22,518 shares of the company’s stock, valued at approximately $1,587,969.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,015 shares of company stock valued at $288,263. Insiders own 2.19% of the company’s stock.
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About Masonite International
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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