Advisory Research Inc. maintained its stake in shares of Masonite International Corporation (NYSE:DOOR) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 742,123 shares of the company’s stock at the end of the 2nd quarter. Advisory Research Inc. owned about 2.51% of Masonite International Corporation worth $58,813,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Cubist Systematic Strategies LLC lifted its position in Masonite International Corporation by 33.2% during the second quarter. Cubist Systematic Strategies LLC now owns 7,161 shares of the company’s stock worth $541,000 after acquiring an additional 1,785 shares during the last quarter. State Street Corp lifted its position in Masonite International Corporation by 7.8% during the second quarter. State Street Corp now owns 710,909 shares of the company’s stock worth $53,673,000 after acquiring an additional 51,668 shares during the last quarter. Macquarie Group Ltd. lifted its position in Masonite International Corporation by 0.8% during the second quarter. Macquarie Group Ltd. now owns 21,306 shares of the company’s stock worth $1,609,000 after acquiring an additional 161 shares during the last quarter. AHL Partners LLP acquired a new stake in Masonite International Corporation during the second quarter worth approximately $1,654,000. Finally, Goldman Sachs Group Inc. lifted its position in Masonite International Corporation by 20.6% during the second quarter. Goldman Sachs Group Inc. now owns 385,593 shares of the company’s stock worth $29,112,000 after acquiring an additional 65,909 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

DOOR has been the subject of several research reports. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Masonite International Corporation in a research report on Friday, June 16th. Royal Bank Of Canada restated a “buy” rating and set a $92.00 price objective on shares of Masonite International Corporation in a research report on Monday, June 19th. Zacks Investment Research downgraded shares of Masonite International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Stephens downgraded shares of Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 price objective for the company. in a research report on Thursday, August 10th. Finally, BidaskClub downgraded shares of Masonite International Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $75.60.

In other Masonite International Corporation news, Director Robert J. Byrne purchased 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average cost of $60.81 per share, for a total transaction of $91,215.00. Following the purchase, the director now owns 9,633 shares of the company’s stock, valued at approximately $585,782.73. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.19% of the company’s stock.

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Masonite International Corporation (NYSE DOOR) traded up 0.67% during midday trading on Friday, hitting $68.05. 96,579 shares of the stock were exchanged. The firm’s 50-day moving average price is $64.93 and its 200 day moving average price is $73.13. The firm has a market capitalization of $2.01 billion, a P/E ratio of 21.37 and a beta of 1.31. Masonite International Corporation has a 1-year low of $50.40 and a 1-year high of $85.30.

Masonite International Corporation (NYSE:DOOR) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.22). The business had revenue of $519.70 million for the quarter, compared to analysts’ expectations of $547.79 million. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.01%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 earnings per share. Analysts expect that Masonite International Corporation will post $3.36 earnings per share for the current fiscal year.

Masonite International Corporation 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.

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

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