Eagle Asset Management Inc. cut its stake in Masonite International Corp. (NYSE:DOOR) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 255,159 shares of the company’s stock after selling 13,538 shares during the period. Eagle Asset Management Inc.’s holdings in Masonite International Corp. were worth $15,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Boothbay Fund Management LLC bought a new stake in shares of Masonite International Corp. during the first quarter worth approximately $267,000. Zelman Capital LLC raised its stake in shares of Masonite International Corp. by 4.9% in the second quarter. Zelman Capital LLC now owns 214,110 shares of the company’s stock worth $14,161,000 after buying an additional 10,000 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Masonite International Corp. by 4.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,905 shares of the company’s stock worth $192,000 after buying an additional 135 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Masonite International Corp. by 203.4% in the second quarter. Acadian Asset Management LLC now owns 93,407 shares of the company’s stock worth $6,178,000 after buying an additional 62,620 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of Masonite International Corp. by 17.6% in the second quarter. Strs Ohio now owns 2,000 shares of the company’s stock worth $132,000 after buying an additional 300 shares in the last quarter.

Institutional Ownership by Quarter for Masonite International Corp. (NYSE:DOOR)

Masonite International Corp. (NYSE:DOOR) traded up 0.15% during trading on Wednesday, hitting $65.00. 102,932 shares of the company’s stock were exchanged. Masonite International Corp. has a 12-month low of $45.14 and a 12-month high of $72.75. The company’s 50-day moving average price is $61.17 and its 200 day moving average price is $65.80. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 28.89 and a beta of 1.10.

Masonite International Corp. (NYSE:DOOR) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.18. Masonite International Corp. had a return on equity of 14.01% and a net margin of 3.54%. The company earned $489.65 million during the quarter, compared to analysts’ expectations of $503.66 million. During the same quarter in the previous year, the firm earned ($0.53) earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities analysts forecast that Masonite International Corp. will post $3.15 earnings per share for the current fiscal year.

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A number of analysts have recently commented on DOOR shares. Zacks Investment Research upgraded shares of Masonite International Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Imperial Capital reduced their price target on shares of Masonite International Corp. from $80.00 to $77.00 and set an “outperform” rating for the company in a research note on Friday, August 12th. Wedbush restated an “outperform” rating and set a $72.00 target price on shares of Masonite International Corp. in a research report on Friday, August 12th. FBR & Co restated a “buy” rating and set a $89.00 target price on shares of Masonite International Corp. in a research report on Wednesday, August 17th. Finally, TheStreet lowered shares of Masonite International Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, September 29th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Masonite International Corp. has a consensus rating of “Buy” and an average price target of $76.25.

In related news, insider James A. Hair sold 450 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $66.99, for a total transaction of $30,145.50. Following the completion of the transaction, the insider now owns 10,790 shares of the company’s stock, valued at approximately $722,822.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Russell Thane Tiejema acquired 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were acquired at an average cost of $67.47 per share, with a total value of $236,145.00. Following the transaction, the insider now directly owns 16,960 shares in the company, valued at approximately $1,144,291.20. The disclosure for this purchase can be found here. 2.42% of the stock is owned by company insiders.

About Masonite International Corp.

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.

5 Day Chart for NYSE:DOOR

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