Wells Fargo & Company MN decreased its holdings in Masonite International Corporation (NYSE:DOOR) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,059,637 shares of the company’s stock after selling 131,287 shares during the quarter. Wells Fargo & Company MN owned approximately 3.55% of Masonite International Corporation worth $80,002,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in Masonite International Corporation by 84,431.7% during the first quarter. BlackRock Inc. now owns 2,133,580 shares of the company’s stock valued at $169,086,000 after acquiring an additional 2,131,056 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Masonite International Corporation by 515.8% during the first quarter. Dimensional Fund Advisors LP now owns 115,475 shares of the company’s stock valued at $9,151,000 after acquiring an additional 96,723 shares during the last quarter. Bank of America Corp DE boosted its position in Masonite International Corporation by 49.0% during the first quarter. Bank of America Corp DE now owns 156,217 shares of the company’s stock valued at $12,380,000 after acquiring an additional 51,367 shares during the last quarter. Prudential Financial Inc. bought a new stake in Masonite International Corporation during the first quarter valued at $276,000. Finally, Virginia Retirement Systems ET AL bought a new stake in Masonite International Corporation during the first quarter valued at $491,000. 98.11% of the stock is currently owned by institutional investors.

Masonite International Corporation (NYSE:DOOR) opened at 65.15 on Thursday. The stock’s 50 day moving average is $67.17 and its 200 day moving average is $74.81. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 20.46 and a beta of 1.29. Masonite International Corporation has a one year low of $50.40 and a one year high of $85.30.

Masonite International Corporation (NYSE:DOOR) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.22). The firm had revenue of $519.70 million during the quarter, compared to the consensus estimate of $547.79 million. Masonite International Corporation had a return on equity of 14.01% and a net margin of 4.95%. Masonite International Corporation’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. On average, analysts predict that Masonite International Corporation will post $3.37 earnings per share for the current fiscal year.

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In other news, Director Robert J. Byrne purchased 1,500 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average price of $60.81 per share, with a total value of $91,215.00. Following the acquisition, the director now directly owns 9,633 shares in the company, valued at $585,782.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.19% of the stock is owned by company insiders.

A number of brokerages have commented on DOOR. Instinet reaffirmed a “buy” rating and set a $77.00 price target (down previously from $86.00) on shares of Masonite International Corporation in a research report on Thursday, August 10th. Stifel Nicolaus cut shares of Masonite International Corporation from a “buy” rating to a “hold” rating and cut their price target for the company from $85.00 to $72.00 in a research report on Friday, August 11th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of Masonite International Corporation in a research report on Friday, June 16th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $92.00 price target on shares of Masonite International Corporation in a research report on Monday, July 24th. Finally, Nomura set a $77.00 price target on shares of Masonite International Corporation and gave the company a “buy” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $76.22.

Masonite International Corporation 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.

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

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