Masonite International Corporation (NYSE:DOOR) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 411,775 shares, a drop of 35.3% from the October 31st total of 636,187 shares. Based on an average trading volume of 258,453 shares, the short-interest ratio is currently 1.6 days. Currently, 1.4% of the shares of the company are sold short.

In other news, insider James A. Hair sold 1,600 shares of Masonite International stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $72.34, for a total transaction of $115,744.00. Following the sale, the insider now owns 4,172 shares of the company’s stock, valued at $301,802.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Edgar Lewis sold 1,400 shares of Masonite International stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $70.52, for a total value of $98,728.00. Following the sale, the insider now directly owns 22,518 shares in the company, valued at approximately $1,587,969.36. The disclosure for this sale can be found here. Insiders sold 4,015 shares of company stock worth $288,263 in the last three months. 2.19% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in Masonite International by 6.9% during the second quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock worth $119,000 after buying an additional 101 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Masonite International by 18.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after acquiring an additional 258 shares during the last quarter. SG Americas Securities LLC grew its position in Masonite International by 1.4% during the second quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock valued at $181,000 after buying an additional 34 shares during the period. Symphony Asset Management LLC purchased a new stake in shares of Masonite International in the second quarter worth about $200,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Masonite International in the third quarter worth approximately $221,000.

Masonite International (DOOR) opened at $73.65 on Friday. The company has a current ratio of 3.12, a quick ratio of 2.05 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $2,055.62, a price-to-earnings ratio of 22.42 and a beta of 1.29. Masonite International has a 52 week low of $50.40 and a 52 week high of $85.30.

Masonite International (NYSE:DOOR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. The business had revenue of $517.50 million for the quarter, compared to analysts’ expectations of $509.04 million. Masonite International had a net margin of 4.75% and a return on equity of 14.38%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. sell-side analysts expect that Masonite International will post 3.48 earnings per share for the current year.

A number of research firms have recently weighed in on DOOR. Instinet reaffirmed a “buy” rating and set a $77.00 price target (down previously from $86.00) on shares of Masonite International in a report on Thursday, August 10th. B. Riley reiterated a “buy” rating on shares of Masonite International in a research report on Wednesday, November 1st. Nomura set a $77.00 price objective on shares of Masonite International and gave the stock a “buy” rating in a research report on Thursday, August 10th. BidaskClub cut shares of Masonite International from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus cut shares of Masonite International from a “buy” rating to a “hold” rating and lowered their price target for the company from $85.00 to $72.00 in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $76.73.

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About Masonite International

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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