Principal Financial Group Inc. grew its holdings in Masonite International Corp (NYSE:DOOR) by 13.7% during the fourth quarter, Holdings Channel reports. The fund owned 4,900 shares of the company’s stock after purchasing an additional 589 shares during the period. Principal Financial Group Inc.’s holdings in Masonite International were worth $220,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in DOOR. Credit Suisse AG purchased a new position in Masonite International during the 3rd quarter valued at $1,083,000. Dimensional Fund Advisors LP boosted its holdings in shares of Masonite International by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 608,865 shares of the company’s stock valued at $39,027,000 after buying an additional 20,597 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Masonite International by 22.2% during the 3rd quarter. Renaissance Technologies LLC now owns 165,000 shares of the company’s stock valued at $10,577,000 after buying an additional 29,960 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Masonite International by 24.6% during the 3rd quarter. Deutsche Bank AG now owns 236,249 shares of the company’s stock valued at $15,141,000 after buying an additional 46,658 shares in the last quarter. Finally, Man Group plc bought a new stake in shares of Masonite International during the 3rd quarter valued at $4,734,000. Institutional investors and hedge funds own 99.27% of the company’s stock.
DOOR opened at $50.03 on Friday. The company has a current ratio of 2.84, a quick ratio of 1.82 and a debt-to-equity ratio of 1.28. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 13.60 and a beta of 1.44. Masonite International Corp has a 52-week low of $43.76 and a 52-week high of $73.40.
Masonite International (NYSE:DOOR) last posted its earnings results on Monday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.06. The business had revenue of $528.35 million for the quarter, compared to analysts’ expectations of $528.60 million. Masonite International had a net margin of 4.27% and a return on equity of 14.96%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. As a group, analysts expect that Masonite International Corp will post 3.99 EPS for the current year.
A number of brokerages recently issued reports on DOOR. Royal Bank of Canada set a $58.00 price target on shares of Masonite International and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Zacks Investment Research upgraded shares of Masonite International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. ValuEngine cut shares of Masonite International from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Robert W. Baird set a $62.00 price target on shares of Masonite International and gave the stock a “buy” rating in a research note on Monday. Finally, Wedbush reiterated a “neutral” rating and issued a $50.00 price target on shares of Masonite International in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $61.14.
In other Masonite International news, insider Robert Edgar Lewis sold 1,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $55.28, for a total transaction of $55,280.00. Following the transaction, the insider now owns 21,238 shares in the company, valued at approximately $1,174,036.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.43% of the stock is currently owned by corporate insiders.
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Masonite International 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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