Trexquant Investment LP Sells 10,364 Shares of Masonite International Corp (DOOR)
Trexquant Investment LP lessened its stake in Masonite International Corp (NYSE:DOOR) by 48.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,134 shares of the company’s stock after selling 10,364 shares during the quarter. Trexquant Investment LP’s holdings in Masonite International were worth $800,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in DOOR. Summit Trail Advisors LLC raised its position in shares of Masonite International by 8,161.0% during the 1st quarter. Summit Trail Advisors LLC now owns 1,346,628 shares of the company’s stock worth $1,347,000 after acquiring an additional 1,330,327 shares in the last quarter. Hound Partners LLC acquired a new stake in shares of Masonite International during the 1st quarter worth about $21,691,000. Vaughan Nelson Investment Management L.P. raised its position in shares of Masonite International by 27.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,291,811 shares of the company’s stock worth $79,253,000 after acquiring an additional 279,191 shares in the last quarter. Millennium Management LLC raised its position in shares of Masonite International by 54.5% during the 1st quarter. Millennium Management LLC now owns 432,508 shares of the company’s stock worth $26,534,000 after acquiring an additional 152,564 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Masonite International by 46.5% during the 1st quarter. JPMorgan Chase & Co. now owns 472,393 shares of the company’s stock worth $28,982,000 after acquiring an additional 150,029 shares in the last quarter. Institutional investors and hedge funds own 99.12% of the company’s stock.
Several research analysts have commented on DOOR shares. TheStreet lowered Masonite International from a “b” rating to a “c+” rating in a research report on Wednesday. Wedbush reaffirmed a “neutral” rating and set a $70.00 price target on shares of Masonite International in a research report on Monday, April 30th. ValuEngine lowered Masonite International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Zacks Investment Research raised Masonite International from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Finally, B. Riley cut their price target on Masonite International from $86.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $73.67.
Masonite International (NYSE:DOOR) last released its quarterly earnings results on Wednesday, August 8th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.10 by $0.14. The company had revenue of $566.70 million for the quarter, compared to analyst estimates of $560.47 million. Masonite International had a return on equity of 14.98% and a net margin of 7.43%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 earnings per share. equities analysts predict that Masonite International Corp will post 4.06 earnings per share for the current fiscal year.
In other news, insider Robert Edgar Lewis sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $66.44, for a total value of $298,980.00. Following the transaction, the insider now owns 16,786 shares of the company’s stock, valued at $1,115,261.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George A. Lorch sold 12,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $68.64, for a total value of $878,592.00. Following the completion of the transaction, the director now directly owns 22,832 shares in the company, valued at approximately $1,567,188.48. The disclosure for this sale can be found here. Insiders own 2.19% of the company’s stock.
Masonite International Company Profile
Masonite International Corporation designs, manufactures, 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. The company 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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