Masonite International Corporation (NYSE:DOOR) Shares Bought by NGAM Advisors L.P.
NGAM Advisors L.P. raised its position in Masonite International Corporation (NYSE:DOOR) by 13.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,513 shares of the company’s stock after buying an additional 7,018 shares during the period. NGAM Advisors L.P.’s holdings in Masonite International Corporation were worth $4,493,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of DOOR. Strs Ohio raised its stake in shares of Masonite International Corporation by 533.3% in the first quarter. Strs Ohio now owns 1,900 shares of the company’s stock worth $150,000 after buying an additional 1,600 shares during the period. SG Americas Securities LLC raised its position in Masonite International Corporation by 12.6% in the first quarter. SG Americas Securities LLC now owns 2,361 shares of the company’s stock valued at $187,000 after buying an additional 264 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Masonite International Corporation during the first quarter valued at approximately $208,000. Loews Corp bought a new position in Masonite International Corporation during the first quarter valued at approximately $213,000. Finally, Prudential Financial Inc. bought a new position in Masonite International Corporation during the first quarter valued at approximately $276,000. 98.25% of the stock is owned by hedge funds and other institutional investors.
Shares of Masonite International Corporation (NYSE:DOOR) opened at 74.20 on Tuesday. The stock has a 50 day moving average price of $75.77 and a 200 day moving average price of $75.57. Masonite International Corporation has a 52 week low of $55.60 and a 52 week high of $85.30. The firm has a market capitalization of $2.22 billion, a PE ratio of 21.97 and a beta of 1.26.
Masonite International Corporation (NYSE:DOOR) last issued its quarterly earnings data on Monday, May 8th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Masonite International Corporation had a net margin of 5.29% and a return on equity of 14.73%. The firm had revenue of $487.18 million for the quarter, compared to analyst estimates of $497.51 million. During the same quarter in the previous year, the business posted $0.57 EPS. The firm’s revenue was down .4% compared to the same quarter last year. Equities analysts forecast that Masonite International Corporation will post $4.21 earnings per share for the current fiscal year.
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DOOR has been the topic of several research analyst reports. Zacks Investment Research downgraded Masonite International Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Instinet dropped their price target on Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. Nomura started coverage on Masonite International Corporation in a research note on Wednesday, April 12th. They set a “buy” rating and a $50.00 price target on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $92.00 price objective on shares of Masonite International Corporation in a report on Monday, June 19th. Finally, Wedbush reissued an “outperform” rating and issued a $85.00 price objective on shares of Masonite International Corporation in a report on Friday, June 16th. Nine analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $79.44.
In other news, insider Robert Edgar Lewis sold 3,500 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $74.08, for a total value of $259,280.00. Following the sale, the insider now owns 22,618 shares in the company, valued at approximately $1,675,541.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.19% of the company’s stock.
About Masonite International Corporation
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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