Peregrine Capital Management LLC lifted its holdings in shares of Masonite International Corp (NYSE:DOOR) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 264,849 shares of the company’s stock after buying an additional 6,972 shares during the period. Peregrine Capital Management LLC’s holdings in Masonite International were worth $16,977,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DOOR. American Century Companies Inc. boosted its stake in Masonite International by 69.4% during the 2nd quarter. American Century Companies Inc. now owns 89,804 shares of the company’s stock valued at $6,452,000 after purchasing an additional 36,777 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Masonite International by 10.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 226,730 shares of the company’s stock valued at $16,291,000 after purchasing an additional 21,520 shares during the period. Envestnet Asset Management Inc. boosted its stake in Masonite International by 773.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,008 shares of the company’s stock valued at $143,000 after purchasing an additional 1,778 shares during the period. Pembroke Management LTD boosted its stake in Masonite International by 62.4% during the 2nd quarter. Pembroke Management LTD now owns 206,945 shares of the company’s stock valued at $14,869,000 after purchasing an additional 79,500 shares during the period. Finally, Royal Bank of Canada boosted its stake in Masonite International by 0.9% during the 1st quarter. Royal Bank of Canada now owns 202,647 shares of the company’s stock valued at $12,432,000 after purchasing an additional 1,775 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.

DOOR has been the subject of a number of analyst reports. Robert W. Baird set a $72.00 target price on shares of Masonite International and gave the company a “buy” rating in a research note on Tuesday. Nomura reduced their target price on shares of Masonite International from $86.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, October 9th. B. Riley reduced their target price on shares of Masonite International from $86.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, August 13th. Royal Bank of Canada set a $76.00 target price on shares of Masonite International and gave the company a “buy” rating in a research note on Monday, October 8th. Finally, Zacks Investment Research raised shares of Masonite International from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Thursday, October 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $73.14.

In other news, Director George A. Lorch sold 12,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $68.64, for a total value of $878,592.00. Following the completion of the sale, the director now directly owns 22,832 shares of the company’s stock, valued at approximately $1,567,188.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Edgar Lewis sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $66.44, for a total transaction of $298,980.00. Following the completion of the sale, the insider now directly owns 16,786 shares of the company’s stock, valued at $1,115,261.84. The disclosure for this sale can be found here. Corporate insiders own 2.19% of the company’s stock.

Shares of NYSE:DOOR opened at $55.35 on Friday. The company has a market capitalization of $1.55 billion, a PE ratio of 15.21 and a beta of 1.17. Masonite International Corp has a twelve month low of $55.22 and a twelve month high of $75.95. The company has a quick ratio of 1.54, a current ratio of 2.51 and a debt-to-equity ratio of 0.88.

Masonite International (NYSE:DOOR) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The company had revenue of $566.70 million during the quarter, compared to analyst estimates of $560.47 million. Masonite International had a net margin of 7.43% and a return on equity of 14.98%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. Equities analysts forecast that Masonite International Corp will post 4.05 earnings per share for the current year.

Masonite International Company Profile

Masonite International Corporation designs, manufactures, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.

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

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