Masonite International Co. (NYSE:DOOR) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in Masonite International Co. (NYSE:DOOR) by 18.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,825 shares of the company’s stock after selling 5,864 shares during the quarter. Federated Hermes Inc. owned about 0.12% of Masonite International worth $2,186,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DOOR. Wellington Management Group LLP acquired a new stake in shares of Masonite International in the 3rd quarter valued at approximately $13,283,000. Boston Partners raised its holdings in Masonite International by 21.6% during the third quarter. Boston Partners now owns 265,172 shares of the company’s stock worth $24,200,000 after purchasing an additional 47,152 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in Masonite International by 143.9% during the third quarter. Qube Research & Technologies Ltd now owns 51,710 shares of the company’s stock worth $4,820,000 after purchasing an additional 30,512 shares during the last quarter. Brightline Capital Management LLC acquired a new position in Masonite International during the third quarter worth $2,424,000. Finally, American Century Companies Inc. raised its holdings in Masonite International by 7.2% during the third quarter. American Century Companies Inc. now owns 318,677 shares of the company’s stock worth $29,707,000 after purchasing an additional 21,292 shares during the last quarter. 97.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP James C. Pelletier sold 262 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total value of $34,075.72. Following the transaction, the senior vice president now owns 12,739 shares in the company, valued at $1,656,834.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Masonite International news, SVP James C. Pelletier sold 262 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total transaction of $34,075.72. Following the sale, the senior vice president now owns 12,739 shares in the company, valued at $1,656,834.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Paxton sold 721 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total value of $93,693.95. Following the sale, the insider now owns 20,798 shares in the company, valued at approximately $2,702,700.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,641 shares of company stock worth $213,329. 1.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DOOR shares. Oppenheimer initiated coverage on Masonite International in a report on Friday, January 19th. They set an “outperform” rating and a $115.00 price objective for the company. Stifel Nicolaus reissued a “hold” rating and set a $133.00 price target (up previously from $119.00) on shares of Masonite International in a research report on Wednesday, February 21st. TheStreet downgraded Masonite International from a “b” rating to a “c+” rating in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $133.00 price target (up previously from $115.00) on shares of Masonite International in a research report on Monday, February 12th. Finally, Royal Bank of Canada raised their price target on Masonite International from $87.00 to $133.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Masonite International currently has a consensus rating of “Hold” and an average price target of $116.89.

Masonite International Price Performance

Shares of NYSE:DOOR opened at $131.61 on Monday. The business has a fifty day simple moving average of $130.86 and a 200-day simple moving average of $104.53. Masonite International Co. has a 52 week low of $76.87 and a 52 week high of $131.94. The company has a quick ratio of 1.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.22. The company has a market cap of $2.89 billion, a P/E ratio of 24.97, a P/E/G ratio of 6.94 and a beta of 1.64.

Masonite International (NYSE:DOOR) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.05). Masonite International had a net margin of 4.18% and a return on equity of 20.17%. The firm had revenue of $660.58 million for the quarter, compared to analysts’ expectations of $659.87 million. During the same period last year, the firm posted $1.72 EPS. Equities research analysts forecast that Masonite International Co. will post 9.48 EPS for the current 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.