DekaBank Deutsche Girozentrale purchased a new stake in Masonite International Co. (NYSE:DOOR – Get Rating) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 70,400 shares of the company’s stock, valued at approximately $6,364,000. DekaBank Deutsche Girozentrale owned approximately 0.31% of Masonite International as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of DOOR. Counterpoint Mutual Funds LLC acquired a new stake in Masonite International during the 1st quarter valued at approximately $84,000. Los Angeles Capital Management LLC acquired a new stake in Masonite International during the 4th quarter valued at approximately $204,000. PFS Investments Inc. acquired a new stake in Masonite International during the 4th quarter valued at approximately $213,000. Versor Investments LP acquired a new stake in Masonite International during the 4th quarter valued at approximately $236,000. Finally, American Trust acquired a new stake in Masonite International during the 4th quarter valued at approximately $280,000.
Masonite International Trading Down 1.1 %
NYSE DOOR opened at $80.77 on Monday. The firm’s 50-day moving average is $83.23 and its two-hundred day moving average is $89.98. Masonite International Co. has a 12 month low of $69.41 and a 12 month high of $128.87. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.85 and a quick ratio of 1.76. The stock has a market capitalization of $1.82 billion, a P/E ratio of 16.90 and a beta of 1.70.
Masonite International (NYSE:DOOR – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.94. The business had revenue of $726.00 million for the quarter, compared to analysts’ expectations of $690.03 million. Masonite International had a net margin of 4.30% and a return on equity of 31.23%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.93 earnings per share. On average, sell-side analysts anticipate that Masonite International Co. will post 10.11 earnings per share for the current year.
Analyst Ratings Changes
DOOR has been the subject of several recent research reports. StockNews.com raised shares of Masonite International from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. Robert W. Baird lifted their target price on shares of Masonite International from $105.00 to $108.00 and gave the company an “outperform” rating in a report on Wednesday, June 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Masonite International from $110.00 to $93.00 in a report on Friday. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $118.25.
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.
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