Masonite International Corporation (DOOR) Director Robert J. Byrne Acquires 1,500 Shares
Masonite International Corporation (NYSE:DOOR) Director Robert J. Byrne purchased 1,500 shares of Masonite International Corporation stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average price of $60.81 per share, for a total transaction of $91,215.00. Following the transaction, the director now directly owns 9,633 shares in the company, valued at approximately $585,782.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Masonite International Corporation (NYSE DOOR) traded up 0.25% during trading on Thursday, hitting $60.90. 602,506 shares of the stock traded hands. The company has a 50-day moving average price of $73.70 and a 200-day moving average price of $75.55. Masonite International Corporation has a 12 month low of $50.40 and a 12 month high of $85.30. The stock has a market cap of $1.80 billion, a PE ratio of 19.13 and a beta of 1.26.
Masonite International Corporation (NYSE:DOOR) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.22. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.01%. The business had revenue of $519.70 million during the quarter, compared to analysts’ expectations of $547.79 million. During the same period last year, the company posted $1.02 EPS. Masonite International Corporation’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts expect that Masonite International Corporation will post $3.37 EPS for the current year.
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A number of large investors have recently bought and sold shares of DOOR. BlackRock Inc. raised its stake in Masonite International Corporation by 84,431.7% in the first quarter. BlackRock Inc. now owns 2,133,580 shares of the company’s stock worth $169,086,000 after buying an additional 2,131,056 shares in the last quarter. Clearbridge Investments LLC raised its stake in Masonite International Corporation by 71.2% in the first quarter. Clearbridge Investments LLC now owns 955,984 shares of the company’s stock worth $75,762,000 after buying an additional 397,684 shares in the last quarter. Wellington Management Group LLP raised its stake in Masonite International Corporation by 20.2% in the first quarter. Wellington Management Group LLP now owns 1,789,122 shares of the company’s stock worth $141,789,000 after buying an additional 301,135 shares in the last quarter. Praesidium Investment Management Company LLC raised its stake in Masonite International Corporation by 30.7% in the first quarter. Praesidium Investment Management Company LLC now owns 1,152,496 shares of the company’s stock worth $91,335,000 after buying an additional 270,891 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in Masonite International Corporation during the second quarter worth approximately $248,000. Institutional investors own 97.91% of the company’s stock.
Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Masonite International Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Instinet reduced their price target on shares of Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, May 9th. Royal Bank Of Canada reiterated a “buy” rating and set a $92.00 price target on shares of Masonite International Corporation in a research report on Monday, July 24th. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of Masonite International Corporation in a research report on Friday, June 16th. Finally, Nomura set a $77.00 price target on shares of Masonite International Corporation and gave the stock a “buy” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Masonite International Corporation currently has a consensus rating of “Buy” and an average target price of $77.50.
About Masonite International Corporation
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. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.
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