State Board of Administration of Florida Retirement System continued to hold its stake in Masonite International Corp (NYSE:DOOR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,460 shares of the company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in Masonite International Corp were worth $1,280,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new stake in Masonite International Corp during the third quarter valued at about $28,871,000. Nationwide Fund Advisors increased its stake in Masonite International Corp by 8.3% in the third quarter. Nationwide Fund Advisors now owns 143,776 shares of the company’s stock valued at $8,939,000 after buying an additional 11,000 shares during the period. Sprott Inc. increased its stake in Masonite International Corp by 33.3% in the third quarter. Sprott Inc. now owns 20,000 shares of the company’s stock valued at $1,243,000 after buying an additional 5,000 shares during the period. Peregrine Capital Management LLC purchased a new stake in Masonite International Corp during the third quarter valued at about $15,647,000. Finally, BlackRock Fund Advisors increased its stake in Masonite International Corp by 3.1% in the third quarter. BlackRock Fund Advisors now owns 976,344 shares of the company’s stock valued at $60,699,000 after buying an additional 29,464 shares during the period. Institutional investors and hedge funds own 99.01% of the company’s stock.

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

Masonite International Corp (NYSE:DOOR) opened at 80.50 on Tuesday. Masonite International Corp has a one year low of $55.60 and a one year high of $81.95. The firm has a market capitalization of $2.40 billion, a PE ratio of 25.43 and a beta of 1.17. The firm has a 50-day moving average price of $73.79 and a 200 day moving average price of $66.17.

Masonite International Corp (NYSE:DOOR) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.07. The business had revenue of $481.03 million for the quarter, compared to analysts’ expectations of $483.83 million. Masonite International Corp had a net margin of 3.54% and a return on equity of 14.01%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. Analysts anticipate that Masonite International Corp will post $4.23 EPS for the current fiscal year.

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Several analysts recently issued reports on DOOR shares. Zacks Investment Research upgraded Masonite International Corp from a “hold” rating to a “strong-buy” rating and set a $74.00 price target for the company in a research note on Tuesday, January 10th. Wedbush lifted their price objective on Masonite International Corp to $85.00 in a report on Friday, February 24th. TheStreet cut Masonite International Corp from a “buy” rating to a “hold” rating in a report on Thursday, December 22nd. Macquarie reaffirmed an “outperform” rating and issued a $78.00 price objective on shares of Masonite International Corp in a report on Wednesday, December 21st. Finally, Royal Bank of Canada lifted their price objective on Masonite International Corp from $87.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, March 8th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $80.25.

In related news, insider Robert Edgar Lewis sold 1,973 shares of the stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $79.00, for a total transaction of $155,867.00. Following the completion of the sale, the insider now directly owns 26,218 shares of the company’s stock, valued at $2,071,222. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lawrence P. Repar sold 19,647 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $78.60, for a total value of $1,544,254.20. Following the sale, the insider now directly owns 48,726 shares of the company’s stock, valued at $3,829,863.60. The disclosure for this sale can be found here. Company insiders own 2.42% of the company’s stock.

Masonite International Corp Company Profile

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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