State of New Jersey Common Pension Fund D Increases Stock Holdings in Masonite International Co. (NYSE:DOOR)

State of New Jersey Common Pension Fund D grew its stake in Masonite International Co. (NYSE:DOOR) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,431 shares of the company’s stock after buying an additional 4,049 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Masonite International were worth $2,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Masonite International during the 3rd quarter valued at about $25,000. Signaturefd LLC boosted its stake in shares of Masonite International by 134.6% in the fourth quarter. Signaturefd LLC now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 206 shares during the period. Daiwa Securities Group Inc. acquired a new position in Masonite International during the 4th quarter worth $34,000. Parkside Financial Bank & Trust lifted its stake in Masonite International by 39.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock worth $45,000 after acquiring an additional 151 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Masonite International during the third quarter worth $103,000. Hedge funds and other institutional investors own 97.07% of the company’s stock.

Insider Transactions at Masonite International

In other news, insider Christopher O. Ball sold 396 shares of Masonite International stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total transaction of $51,503.76. Following the completion of the transaction, the insider now 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 Securities & Exchange Commission, which is available at this link. In other news, insider Christopher O. Ball sold 396 shares of the company’s 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 sale, the insider now directly owns 13,263 shares in the company, valued at $1,724,985.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Paxton sold 721 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were 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 of the company’s stock, valued at approximately $2,702,700.10. The disclosure for this sale can be found here. Insiders have sold 1,641 shares of company stock valued at $213,329 in the last quarter. 1.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DOOR. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $133.00 price target (up from $115.00) on shares of Masonite International in a research note on Monday, February 12th. Wedbush restated a “neutral” rating and issued a $133.00 price target on shares of Masonite International in a research report on Tuesday, February 20th. Oppenheimer started coverage on Masonite International in a research note on Friday, January 19th. They set an “outperform” rating and a $115.00 price objective for the company. Royal Bank of Canada lifted their target price on Masonite International from $87.00 to $133.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus restated a “hold” rating and set a $133.00 price target (up previously from $119.00) on shares of Masonite International in a research note on Wednesday, February 21st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Masonite International presently has an average rating of “Hold” and an average price target of $116.89.

Masonite International Stock Up 0.1 %

Masonite International stock opened at $132.62 on Thursday. The stock’s 50 day moving average price is $130.97 and its 200 day moving average price is $105.21. The company has a market cap of $2.91 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 6.99 and a beta of 1.64. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.42 and a quick ratio of 1.42. Masonite International Co. has a 1-year low of $76.87 and a 1-year high of $132.85.

Masonite International (NYSE:DOOR) last issued its earnings results on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.05). The company had revenue of $660.58 million for the quarter, compared to analysts’ expectations of $659.87 million. Masonite International had a return on equity of 20.17% and a net margin of 4.18%. During the same quarter in the previous year, the firm posted $1.72 earnings per share. On average, sell-side analysts predict that Masonite International Co. will post 9.48 EPS for the current fiscal year.

Masonite International Company 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.