RS Investment Management Co. LLC decreased its stake in shares of Masonite International Corp. (NYSE:DOOR) by 18.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 655,118 shares of the company’s stock after selling 144,354 shares during the period. RS Investment Management Co. LLC’s holdings in Masonite International Corp. were worth $43,330,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in Masonite International Corp. by 50.6% in the first quarter. State Street Corp now owns 748,081 shares of the company’s stock valued at $49,001,000 after buying an additional 251,389 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Masonite International Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 780,020 shares of the company’s stock worth $51,091,000 after buying an additional 9,960 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Masonite International Corp. by 34.5% in the first quarter. Renaissance Technologies LLC now owns 631,000 shares of the company’s stock worth $41,331,000 after buying an additional 161,800 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Masonite International Corp. by 38.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 819,513 shares of the company’s stock worth $53,678,000 after buying an additional 228,600 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Masonite International Corp. by 115.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,376 shares of the company’s stock worth $221,000 after buying an additional 1,809 shares in the last quarter. Institutional investors and hedge funds own 99.93% of the company’s stock.

Shares of Masonite International Corp. (NYSE:DOOR) traded down 0.49% on Wednesday, hitting $62.55. 171,340 shares of the stock were exchanged. The company has a 50-day moving average price of $67.10 and a 200-day moving average price of $67.33. The firm has a market capitalization of $1.91 billion, a PE ratio of 88.98 and a beta of 1.03. Masonite International Corp. has a one year low of $45.14 and a one year high of $72.75.

Masonite International Corp. (NYSE:DOOR) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.14. Masonite International Corp. had a net margin of 1.10% and a return on equity of 12.97%. The business had revenue of $514 million for the quarter, compared to analyst estimates of $512.96 million. During the same period last year, the business posted $0.42 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts expect that Masonite International Corp. will post $2.99 earnings per share for the current year.

A number of brokerages recently issued reports on DOOR. FBR & Co reiterated a “buy” rating and issued a $89.00 price objective on shares of Masonite International Corp. in a report on Wednesday, August 17th. Imperial Capital decreased their price objective on shares of Masonite International Corp. from $82.50 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, July 6th. Royal Bank Of Canada reiterated a “buy” rating on shares of Masonite International Corp. in a report on Tuesday, July 12th. Zacks Investment Research upgraded shares of Masonite International Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, Wedbush reiterated an “outperform” rating and issued a $72.00 price objective on shares of Masonite International Corp. in a report on Friday, August 12th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $77.88.

In related news, insider Robert Edgar Lewis sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $67.67, for a total value of $101,505.00. Following the completion of the transaction, the insider now owns 24,140 shares of the company’s stock, valued at $1,633,553.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.42% of the company’s stock.

Masonite International Corp. 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.

5 Day Chart for NYSE:DOOR

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