Connable Office Inc. maintained its stake in Masonite International Corporation (NYSE:DOOR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,700 shares of the company’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Masonite International Corporation were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DOOR. Strs Ohio boosted its stake in Masonite International Corporation by 533.3% in the first quarter. Strs Ohio now owns 1,900 shares of the company’s stock valued at $150,000 after buying an additional 1,600 shares during the last quarter. SG Americas Securities LLC boosted its stake 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. purchased a new stake in Masonite International Corporation during the first quarter valued at approximately $208,000. Loews Corp purchased a new stake in Masonite International Corporation during the first quarter valued at approximately $213,000. Finally, Prudential Financial Inc. purchased a new stake 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 58.35 on Friday. The stock has a market capitalization of $1.74 billion, a PE ratio of 17.27 and a beta of 1.26. Masonite International Corporation has a 52 week low of $50.40 and a 52 week high of $85.30. The stock’s 50 day moving average is $75.23 and its 200 day moving average is $75.70.

Masonite International Corporation (NYSE:DOOR) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.22. The company had revenue of $519.70 million during the quarter, compared to analyst estimates of $547.79 million. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.13%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 EPS. Analysts anticipate that Masonite International Corporation will post $3.98 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Connable Office Inc. Maintains Position in Masonite International Corporation (NYSE:DOOR)” was published by Daily Political and is the property of of Daily Political. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/08/11/connable-office-inc-maintains-position-in-masonite-international-corporation-nysedoor.html.

DOOR has been the subject of several research reports. Royal Bank Of Canada reissued a “buy” rating and set a $92.00 price objective on shares of Masonite International Corporation in a research note on Monday, June 19th. Instinet lowered their price objective on shares of Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, May 9th. Zacks Investment Research raised shares of Masonite International Corporation from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Monday, July 24th. Nomura set a $77.00 price objective on shares of Masonite International Corporation and gave the company a “buy” rating in a research note on Thursday. Finally, Stephens cut shares of Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 price objective for the company. in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $79.70.

In other Masonite International Corporation news, insider Robert Edgar Lewis sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $74.08, for a total value of $259,280.00. Following the transaction, the insider now owns 22,618 shares in the company, valued at approximately $1,675,541.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.19% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding DOOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masonite International Corporation (NYSE:DOOR).

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

Receive News & Ratings for Masonite International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.