First Eagle Investment Management LLC Buys 34,932 Shares of Masonite International Co. (NYSE:DOOR)

First Eagle Investment Management LLC lifted its stake in Masonite International Co. (NYSE:DOOR) by 174.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,963 shares of the company’s stock after purchasing an additional 34,932 shares during the period. First Eagle Investment Management LLC owned 0.25% of Masonite International worth $4,653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors L.P. grew its stake in Masonite International by 7.0% during the fourth quarter. Natixis Advisors L.P. now owns 162,118 shares of the company’s stock valued at $13,724,000 after acquiring an additional 10,674 shares in the last quarter. Boston Partners lifted its position in shares of Masonite International by 21.6% during the third quarter. Boston Partners now owns 265,172 shares of the company’s stock worth $24,200,000 after purchasing an additional 47,152 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its position in Masonite International by 50.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 16,754 shares of the company’s stock valued at $1,562,000 after buying an additional 5,621 shares during the period. Qube Research & Technologies Ltd grew its stake in Masonite International by 143.9% in the third quarter. Qube Research & Technologies Ltd now owns 51,710 shares of the company’s stock worth $4,820,000 after purchasing an additional 30,512 shares in the last quarter. Finally, CWM LLC grew its position in shares of Masonite International by 43.9% during the 4th quarter. CWM LLC now owns 1,840 shares of the company’s stock worth $156,000 after buying an additional 561 shares in the last quarter. Institutional investors own 97.07% of the company’s stock.

Masonite International Stock Performance

NYSE DOOR opened at $132.84 on Friday. Masonite International Co. has a 12-month low of $76.87 and a 12-month high of $132.89. The company has a fifty day simple moving average of $131.62 and a two-hundred day simple moving average of $109.55. The company has a current ratio of 2.47, a quick ratio of 1.57 and a debt-to-equity ratio of 1.13. The stock has a market cap of $2.92 billion, a P/E ratio of 21.09, a P/E/G ratio of 6.64 and a beta of 1.63.

Masonite International (NYSE:DOOR) last issued its quarterly earnings results on Monday, May 6th. The company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.76). Masonite International had a return on equity of 17.82% and a net margin of 5.08%. The firm had revenue of $668.34 million for the quarter, compared to analyst estimates of $715.38 million. During the same period in the prior year, the firm posted $1.88 EPS. The business’s revenue was down 7.9% compared to the same quarter last year. On average, analysts forecast that Masonite International Co. will post 10 earnings per share for the current year.

Analysts Set New Price Targets

DOOR has been the subject of a number of research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $133.00 price objective (up from $119.00) on shares of Masonite International in a research note on Wednesday, February 21st. Oppenheimer initiated coverage on shares of Masonite International in a report on Friday, January 19th. They set an “outperform” rating and a $115.00 price objective on the stock. Royal Bank of Canada upped their target price on Masonite International from $87.00 to $133.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 21st. StockNews.com assumed coverage on Masonite International in a report on Saturday. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $133.00 price objective (up from $115.00) on shares of Masonite International in a research note on Monday, February 12th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $116.89.

Insider Activity

In related news, insider Robert Paxton sold 721 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total value of $93,693.95. Following the completion of the transaction, the insider now directly owns 20,798 shares in the company, valued at approximately $2,702,700.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Christopher O. Ball sold 396 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total value of $51,503.76. Following the completion of the transaction, the insider now directly owns 13,263 shares of the company’s stock, valued at approximately $1,724,985.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Paxton sold 721 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total transaction of $93,693.95. Following the completion of the transaction, the insider now directly owns 20,798 shares in the company, valued at $2,702,700.10. The disclosure for this sale can be found here. Insiders sold a total of 1,641 shares of company stock valued at $213,329 in the last quarter. 1.21% of the stock is currently owned by company insiders.

Masonite International Profile

Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors and door solutions for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers interior doors of wood and related materials, including wood composite molded and flat door facings; exterior doors of steel, fiberglass, or composite materials; and molded panel, flush, stile and rail, steel, and fiberglass residential doors; and architectural doors, as well as Z-articulating cap sill, ADAptive, and ultimate astragals,trilennium, simple solution corner pads, and panolock products.