Masonite International Corp. (DOOR) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors increased its position in Masonite International Corp. (NYSE:DOOR) by 178.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,776 shares of the company’s stock after buying an additional 85,096 shares during the period. Nationwide Fund Advisors owned about 0.44% of Masonite International Corp. worth $8,782,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio boosted 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 during the last quarter. BlackRock Inc. boosted its stake in shares of Masonite International Corp. by 105.7% in the first quarter. BlackRock Inc. now owns 2,220 shares of the company’s stock worth $146,000 after buying an additional 1,141 shares during the last quarter. Lorber David A acquired a new stake in shares of Masonite International Corp. during the first quarter worth about $152,000. Independent Portfolio Consultants Inc. boosted 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 during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Masonite International Corp. by 115.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,376 shares of the company’s stock worth $221,000 after buying an additional 1,809 shares during the last quarter. 99.93% of the stock is owned by hedge funds and other institutional investors.
Masonite International Corp. (NYSE:DOOR) traded down 1.46% on Tuesday, reaching $62.89. The company had a trading volume of 76,346 shares. The stock’s 50-day moving average price is $67.54 and its 200-day moving average price is $67.33. Masonite International Corp. has a 12-month low of $45.14 and a 12-month high of $72.75. The stock has a market capitalization of $1.92 billion, a P/E ratio of 89.46 and a beta of 1.03.
Masonite International Corp. (NYSE:DOOR) last released its quarterly earnings results on Wednesday, August 10th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.14. The business earned $514 million during the quarter, compared to analyst estimates of $512.96 million. Masonite International Corp. had a return on equity of 12.97% and a net margin of 1.10%. Masonite International Corp.’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. On average, equities research analysts anticipate that Masonite International Corp. will post $2.99 EPS for the current fiscal year.
A number of brokerages have recently issued reports on DOOR. FBR & Co reissued a “buy” rating and issued a $89.00 target price on shares of Masonite International Corp. in a research report on Wednesday, August 17th. Imperial Capital reduced their target price on shares of Masonite International Corp. from $82.50 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, July 6th. Royal Bank Of Canada reissued a “buy” rating on shares of Masonite International Corp. in a research report on Tuesday, July 12th. Zacks Investment Research raised shares of Masonite International Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, Wedbush reissued an “outperform” rating and issued a $72.00 target price on shares of Masonite International Corp. in a research report on Friday, August 12th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $77.88.
In related news, insider Robert Edgar Lewis sold 1,500 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $67.67, for a total value of $101,505.00. Following the completion of the sale, the insider now directly owns 24,140 shares of the company’s stock, valued at approximately $1,633,553.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.42% of the stock is owned by corporate 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.
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