Great Lakes Advisors LLC Reduces Position in Masonite International Co. (NYSE:DOOR)

Great Lakes Advisors LLC reduced its position in Masonite International Co. (NYSE:DOOR) by 15.9% in the 2nd quarter, Holdings Channel reports. The fund owned 40,159 shares of the company’s stock after selling 7,605 shares during the period. Great Lakes Advisors LLC’s holdings in Masonite International were worth $4,114,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Raymond James & Associates increased its position in Masonite International by 5.7% during the first quarter. Raymond James & Associates now owns 19,890 shares of the company’s stock worth $1,769,000 after purchasing an additional 1,081 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Masonite International by 38.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,038 shares of the company’s stock worth $270,000 after buying an additional 842 shares during the period. AlphaCrest Capital Management LLC acquired a new position in Masonite International in the first quarter valued at $235,000. MetLife Investment Management LLC grew its position in Masonite International by 55.5% during the first quarter. MetLife Investment Management LLC now owns 13,007 shares of the company’s stock valued at $1,157,000 after acquiring an additional 4,641 shares during the period. Finally, Rhumbline Advisers increased its stake in Masonite International by 1.2% during the first quarter. Rhumbline Advisers now owns 23,924 shares of the company’s stock worth $2,128,000 after acquiring an additional 272 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Jay Ira Steinfeld acquired 600 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average cost of $81.97 per share, for a total transaction of $49,182.00. Following the completion of the purchase, the director now directly owns 6,217 shares in the company, valued at $509,607.49. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.21% of the stock is currently owned by insiders.

Masonite International Stock Down 0.8 %

Shares of NYSE DOOR opened at $87.29 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.05 and a current ratio of 2.97. Masonite International Co. has a 1 year low of $71.04 and a 1 year high of $109.58. The stock’s 50-day simple moving average is $87.04 and its 200-day simple moving average is $95.18. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.89 and a beta of 1.65.

Masonite International (NYSE:DOOR) last posted its earnings results on Tuesday, November 7th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.08). The firm had revenue of $702.25 million for the quarter, compared to analyst estimates of $711.21 million. Masonite International had a net margin of 5.60% and a return on equity of 22.14%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.53 earnings per share. As a group, equities analysts anticipate that Masonite International Co. will post 7.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Benchmark decreased their target price on Masonite International from $133.00 to $115.00 and set a “buy” rating for the company in a report on Friday, November 10th. Stifel Nicolaus dropped their price objective on shares of Masonite International from $123.00 to $116.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. Wedbush reaffirmed an “outperform” rating and set a $125.00 price target on shares of Masonite International in a research report on Tuesday, September 19th. StockNews.com downgraded Masonite International from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, JPMorgan Chase & Co. reduced their price objective on Masonite International from $122.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, November 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Masonite International has a consensus rating of “Moderate Buy” and an average price target of $108.50.

About Masonite International

Masonite International Corporation designs, manufactures, markets, 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. It offers molded panel, flush, stile and rail, steel, and fiberglass residential doors, as well as medium-density fiberboard (MDF) and architectural interior doors.