Masonite International Corporation (DOOR) Stake Lessened by Pembroke Management LTD
Pembroke Management LTD lowered its stake in shares of Masonite International Corporation (NYSE:DOOR) by 15.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,195 shares of the company’s stock after selling 29,500 shares during the quarter. Pembroke Management LTD owned about 0.57% of Masonite International Corporation worth $11,570,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of DOOR. Public Employees Retirement System of Ohio increased its holdings in shares of Masonite International Corporation by 6.9% during the second quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock valued at $119,000 after acquiring an additional 101 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Masonite International Corporation by 18.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after buying an additional 258 shares during the period. SG Americas Securities LLC increased its holdings in Masonite International Corporation by 1.4% in the 2nd quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock worth $181,000 after buying an additional 34 shares during the period. Symphony Asset Management LLC acquired a new position in Masonite International Corporation in the 2nd quarter worth approximately $200,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Masonite International Corporation in the 3rd quarter worth approximately $221,000. Hedge funds and other institutional investors own 95.94% of the company’s stock.
Masonite International Corporation (DOOR) traded up $0.45 during trading on Wednesday, reaching $73.40. The company’s stock had a trading volume of 166,000 shares, compared to its average volume of 229,532. Masonite International Corporation has a 1-year low of $50.40 and a 1-year high of $85.30. The stock has a market cap of $2,076.97, a price-to-earnings ratio of 22.66 and a beta of 1.29. The company has a current ratio of 3.12, a quick ratio of 2.05 and a debt-to-equity ratio of 0.93.
Masonite International Corporation (NYSE:DOOR) last announced its earnings results 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. Masonite International Corporation had a return on equity of 14.38% and a net margin of 4.75%. The firm had revenue of $517.50 million for the quarter, compared to analyst estimates of $509.04 million. During the same quarter last year, the firm posted $0.89 EPS. The business’s revenue was up 5.7% on a year-over-year basis. sell-side analysts forecast that Masonite International Corporation will post 3.48 earnings per share for the current fiscal year.
In other news, Director John C. Wills sold 1,015 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $72.70, for a total transaction of $73,790.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Edgar Lewis sold 1,400 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $70.52, for a total value of $98,728.00. Following the transaction, the insider now owns 22,518 shares in the company, valued at approximately $1,587,969.36. The disclosure for this sale can be found here. Company insiders own 2.19% of the company’s stock.
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Several equities analysts recently weighed in on DOOR shares. B. Riley reiterated a “buy” rating on shares of Masonite International Corporation in a report on Wednesday, November 1st. BidaskClub downgraded shares of Masonite International Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $67.00 price target on shares of Masonite International Corporation in a report on Monday, September 25th. Zacks Investment Research upgraded shares of Masonite International Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Stephens downgraded shares of Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 price target on the stock. in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $76.73.
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.
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