Rhumbline Advisers reduced its stake in shares of Masonite International Co. (NYSE:DOOR) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,449 shares of the company’s stock after selling 904 shares during the period. Rhumbline Advisers owned about 0.10% of Masonite International worth $2,733,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P grew its holdings in Masonite International by 1.6% during the 1st quarter. Loomis Sayles & Co. L P now owns 151,436 shares of the company’s stock worth $17,451,000 after acquiring an additional 2,338 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Masonite International in the 1st quarter valued at about $341,000. JS Capital Management LLC acquired a new position in shares of Masonite International in the 1st quarter valued at about $876,000. Teacher Retirement System of Texas boosted its holdings in shares of Masonite International by 17.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,074 shares of the company’s stock valued at $344,000 after buying an additional 455 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Masonite International by 168.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 24,688 shares of the company’s stock valued at $2,845,000 after buying an additional 15,502 shares during the period. 98.36% of the stock is owned by institutional investors.
Several research analysts have recently commented on DOOR shares. Stifel Nicolaus started coverage on shares of Masonite International in a report on Thursday, May 27th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Masonite International from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Friday, July 30th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $127.83.
Masonite International (NYSE:DOOR) last released its quarterly earnings results on Sunday, August 8th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.11. Masonite International had a net margin of 3.47% and a return on equity of 26.69%. The company had revenue of $662.41 million for the quarter, compared to the consensus estimate of $634.28 million. During the same period in the previous year, the firm earned $1.50 EPS. Masonite International’s revenue was up 32.6% on a year-over-year basis. As a group, equities analysts anticipate that Masonite International Co. will post 8.62 EPS for the current year.
In other Masonite International news, Director Jay Ira Steinfeld acquired 450 shares of the stock in a transaction dated Friday, August 13th. The shares were bought at an average price of $122.80 per share, with a total value of $55,260.00. Following the purchase, the director now directly owns 2,305 shares of the company’s stock, valued at approximately $283,054. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert Edgar Lewis sold 7,500 shares of Masonite International stock in a transaction that occurred on Friday, August 13th. The stock was sold at an average price of $122.39, for a total transaction of $917,925.00. Following the completion of the transaction, the insider now directly owns 18,687 shares in the company, valued at approximately $2,287,101.93. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.
Masonite International Company Profile
Masonite International Corp. engages in the manufacture of interior and exterior doors for residential and architectural use. It operates through the following geographical segments: North American Residential, Europe, Architectural, and Corporate and Other. The Corporate and other segment includes unallocated corporate costs and the results of immaterial operating segments.
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