Masonite International Corp. (DOOR) Insider James A. Hair Sells 450 Shares of Stock
Masonite International Corp. (NYSE:DOOR) insider James A. Hair sold 450 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $66.99, for a total transaction of $30,145.50. Following the transaction, the insider now directly owns 10,790 shares of the company’s stock, valued at $722,822.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Masonite International Corp. (NYSE:DOOR) traded up 0.635% during midday trading on Thursday, reaching $67.375. 236,170 shares of the company’s stock were exchanged. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 29.944 and a beta of 1.10. The stock’s 50 day moving average price is $60.29 and its 200 day moving average price is $65.87. Masonite International Corp. has a 12-month low of $45.14 and a 12-month high of $72.75.
Masonite International Corp. (NYSE:DOOR) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.18. Masonite International Corp. had a net margin of 3.54% and a return on equity of 14.01%. The firm earned $489.65 million during the quarter, compared to analysts’ expectations of $503.66 million. During the same period in the previous year, the company earned ($0.53) EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Masonite International Corp. will post $3.11 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position in Masonite International Corp. by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 1,536 shares of the company’s stock worth $102,000 after buying an additional 47 shares in the last quarter. Pacad Investment Ltd. purchased a new position in Masonite International Corp. during the second quarter worth approximately $106,000. Strs Ohio boosted its position in Masonite International Corp. by 17.6% in the second quarter. Strs Ohio now owns 2,000 shares of the company’s stock worth $132,000 after buying an additional 300 shares in the last quarter. BlackRock Inc. boosted its position in Masonite International Corp. by 105.7% in the first quarter. BlackRock Inc. now owns 2,220 shares of the company’s stock worth $146,000 after buying an additional 1,141 shares in the last quarter. Finally, Lorber David A purchased a new position in Masonite International Corp. during the first quarter worth approximately $152,000.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Masonite International Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. FBR & Co reissued a “buy” rating and issued a $89.00 price target on shares of Masonite International Corp. in a research note on Wednesday, August 17th. Wedbush reissued an “outperform” rating and issued a $72.00 price target on shares of Masonite International Corp. in a research note on Friday, August 12th. Imperial Capital decreased their price target on shares of Masonite International Corp. from $80.00 to $77.00 and set an “outperform” rating for the company in a research note on Friday, August 12th. Finally, Stifel Nicolaus raised shares of Masonite International Corp. from a “hold” rating to a “buy” rating and increased their price target for the stock from $62.00 to $72.00 in a research note on Thursday, November 10th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $76.25.
About Masonite International Corp.
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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