Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Masonite International Corporation (NYSE:DOOR) by 18.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,656 shares of the company’s stock after purchasing an additional 258 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Masonite International Corporation were worth $125,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Strs Ohio boosted its stake in Masonite International Corporation by 533.3% in the first quarter. Strs Ohio now owns 1,900 shares of the company’s stock valued at $150,000 after acquiring an additional 1,600 shares during the last quarter. SG Americas Securities LLC boosted its stake in Masonite International Corporation by 12.6% in the first quarter. SG Americas Securities LLC now owns 2,361 shares of the company’s stock valued at $187,000 after acquiring an additional 264 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Masonite International Corporation in the first quarter valued at about $208,000. Loews Corp purchased a new position in Masonite International Corporation in the first quarter valued at about $213,000. Finally, Prudential Financial Inc. purchased a new position in Masonite International Corporation in the first quarter valued at about $276,000. Institutional investors and hedge funds own 98.11% of the company’s stock.
In other Masonite International Corporation news, Director Robert J. Byrne acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average price of $60.81 per share, with a total value of $91,215.00. Following the completion of the acquisition, the director now owns 9,633 shares in the company, valued at approximately $585,782.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.19% of the company’s stock.
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Shares of Masonite International Corporation (DOOR) opened at 65.95 on Friday. The stock has a 50 day moving average of $65.32 and a 200 day moving average of $74.30. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 20.71 and a beta of 1.29. Masonite International Corporation has a 52-week low of $50.40 and a 52-week high of $85.30.
Masonite International Corporation (NYSE:DOOR) last posted its quarterly earnings data 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 business had revenue of $519.70 million during the quarter, compared to analysts’ expectations of $547.79 million. Masonite International Corporation had a return on equity of 14.01% and a net margin of 4.95%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.02 EPS. On average, equities research analysts expect that Masonite International Corporation will post $3.37 EPS for the current year.
A number of research firms have weighed in on DOOR. Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of Masonite International Corporation in a research note on Friday, June 16th. Zacks Investment Research upgraded shares of Masonite International Corporation from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Monday, July 24th. Instinet reiterated a “buy” rating and issued a $77.00 target price (down from $86.00) on shares of Masonite International Corporation in a research note on Thursday, August 10th. Nomura set a $77.00 target price on shares of Masonite International Corporation and gave the company a “buy” rating in a research note on Thursday, August 10th. Finally, Stifel Nicolaus cut shares of Masonite International Corporation from a “buy” rating to a “hold” rating and dropped their target price for the company from $85.00 to $72.00 in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Masonite International Corporation currently has a consensus rating of “Hold” and an average price target of $75.60.
Masonite International Corporation 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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