Hudson Bay Capital Management LP bought a new stake in shares of Masonite International Co. (NYSE:DOOR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,400 shares of the company’s stock, valued at approximately $1,809,000.
Several other institutional investors have also made changes to their positions in DOOR. Marshall Wace LLP bought a new position in shares of Masonite International during the 1st quarter worth $37,000. Federated Hermes Inc. grew its stake in shares of Masonite International by 22.5% during the 4th quarter. Federated Hermes Inc. now owns 620 shares of the company’s stock worth $61,000 after acquiring an additional 114 shares during the period. Nisa Investment Advisors LLC boosted its stake in Masonite International by 16.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 700 shares of the company’s stock worth $69,000 after purchasing an additional 100 shares during the period. Marshall Wace North America L.P. boosted its stake in Masonite International by 85.5% in the 1st quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock worth $72,000 after purchasing an additional 664 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Masonite International in the 3rd quarter worth about $101,000. 98.76% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on DOOR shares. Zacks Investment Research downgraded Masonite International from a “buy” rating to a “hold” rating in a research note on Thursday, March 4th. Robert W. Baird raised Masonite International from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a report on Monday, March 29th. TheStreet raised Masonite International from a “c” rating to a “b” rating in a report on Thursday, February 25th. Northcoast Research raised Masonite International from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Tuesday, February 2nd. Finally, Wedbush raised their price objective on Masonite International from $108.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, February 9th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Masonite International currently has an average rating of “Buy” and a consensus target price of $109.90.
Shares of Masonite International stock opened at $121.55 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.66 and a quick ratio of 1.94. The business’s 50 day simple moving average is $114.25 and its two-hundred day simple moving average is $102.54. The stock has a market capitalization of $2.98 billion, a P/E ratio of 69.86 and a beta of 1.76. Masonite International Co. has a one year low of $42.92 and a one year high of $124.92.
Masonite International (NYSE:DOOR) last announced its quarterly earnings results on Tuesday, February 23rd. The company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.09. The business had revenue of $618.54 million for the quarter, compared to analysts’ expectations of $574.56 million. Masonite International had a return on equity of 22.09% and a net margin of 2.01%. Sell-side analysts expect that Masonite International Co. will post 6 earnings per share for the current fiscal year.
About Masonite International
Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.
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