Masonite International Corp major shareholder Oaktree Capital Group Holdings Unloads 504,778 Shares (DOOR)
Masonite International Corp (NYSE:DOOR) major shareholder Oaktree Capital Group Holdings unloaded 504,778 shares of Masonite International Corp stock on the open market in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $57.53, for a total value of $29,039,878.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Masonite International Corp from $57.00 to $60.00 in a research note on Friday, August 8th. Separately, analysts at Imperial Capital cut their price target on shares of Masonite International Corp from $66.00 to $63.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Finally, analysts at Wedbush initiated coverage on shares of Masonite International Corp in a research note on Thursday, July 17th. They set an “outperform” rating and a $62.00 price target on the stock.
Shares of Masonite International Corp (NYSE:DOOR) traded up 0.51% on Friday, hitting $57.18. 100,868 shares of the company’s stock traded hands. Masonite International Corp has a 52-week low of $45.81 and a 52-week high of $62.25. The stock has a 50-day moving average of $53. and a 200-day moving average of $54.55. The company’s market cap is $1.698 billion.
Masonite International Corp (NYSE:DOOR) last released its earnings data on Wednesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $490.20 million for the quarter, compared to the consensus estimate of $484.03 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Masonite International Corp will post $-0.23 earnings per share for the current fiscal year.
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.
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