New York State Teachers Retirement System Cuts Holdings in Masonite International Co. (NYSE:DOOR)

New York State Teachers Retirement System reduced its position in Masonite International Co. (NYSE:DOOR) by 4.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the company’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in Masonite International were worth $230,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in DOOR. Nisa Investment Advisors LLC boosted its holdings in Masonite International by 16.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 700 shares of the company’s stock valued at $69,000 after acquiring an additional 100 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Masonite International by 22.5% during the fourth quarter. Federated Hermes Inc. now owns 620 shares of the company’s stock worth $61,000 after acquiring an additional 114 shares during the last quarter. Stephenson National Bank & Trust increased its position in shares of Masonite International by 8.3% during the first quarter. Stephenson National Bank & Trust now owns 2,399 shares of the company’s stock worth $276,000 after acquiring an additional 184 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Masonite International by 17.5% during the third quarter. Great West Life Assurance Co. Can now owns 1,877 shares of the company’s stock worth $185,000 after acquiring an additional 279 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in Masonite International in the first quarter worth about $38,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Shares of NYSE:DOOR opened at $116.91 on Thursday. The firm has a 50 day moving average of $124.08 and a 200-day moving average of $107.27. The stock has a market capitalization of $2.86 billion, a PE ratio of 67.19 and a beta of 1.76. The company has a current ratio of 2.66, a quick ratio of 1.94 and a debt-to-equity ratio of 1.23. Masonite International Co. has a 12 month low of $52.26 and a 12 month high of $132.22.

Masonite International (NYSE:DOOR) last released its quarterly earnings data on Tuesday, May 4th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.16. Masonite International had a net margin of 2.01% and a return on equity of 22.09%. The business had revenue of $646.34 million during the quarter, compared to analysts’ expectations of $601.32 million. During the same period in the prior year, the company earned $1.24 EPS. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, research analysts predict that Masonite International Co. will post 6 EPS for the current fiscal year.

In related news, Director Jonathan F. Foster sold 2,300 shares of the stock in a transaction dated Friday, May 7th. The shares were sold at an average price of $127.22, for a total transaction of $292,606.00. Following the completion of the transaction, the director now owns 7,727 shares in the company, valued at $983,028.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John H. Chuang purchased 10,000 shares of Masonite International stock in a transaction that occurred on Tuesday, May 11th. The shares were bought at an average price of $124.66 per share, with a total value of $1,246,600.00. The disclosure for this purchase can be found here. Corporate insiders own 1.49% of the company’s stock.

DOOR has been the subject of a number of research reports. Northcoast Research upgraded Masonite International from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Tuesday, February 2nd. Wedbush boosted their target price on Masonite International from $108.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, February 9th. Zacks Investment Research cut Masonite International from a “buy” rating to a “hold” rating in a report on Friday, May 7th. Robert W. Baird raised shares of Masonite International from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a research note on Monday, March 29th. Finally, TheStreet upgraded shares of Masonite International from a “c” rating to a “b” rating in a report on Thursday, February 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Masonite International currently has an average rating of “Buy” and a consensus target price of $123.57.

Masonite International Profile

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, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.

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Institutional Ownership by Quarter for Masonite International (NYSE:DOOR)

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