Russell Thane Tiejema Acquires 3,500 Shares of Masonite International Corp. (DOOR) Stock
Masonite International Corp. (NYSE:DOOR) insider Russell Thane Tiejema purchased 3,500 shares of Masonite International Corp. stock in a transaction dated Tuesday, November 22nd. The stock was acquired at an average cost of $67.47 per share, with a total value of $236,145.00. Following the completion of the acquisition, the insider now directly owns 16,960 shares in the company, valued at $1,144,291.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Masonite International Corp. (NYSE:DOOR) opened at 67.15 on Thursday. The stock has a market cap of $2.01 billion, a P/E ratio of 29.84 and a beta of 1.10. Masonite International Corp. has a 52-week low of $45.14 and a 52-week high of $72.75. The firm’s 50-day moving average price is $61.01 and its 200 day moving average price is $65.88.
Masonite International Corp. (NYSE:DOOR) last released its earnings results on Tuesday, November 8th. The company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 business earned $489.65 million during the quarter, compared to analysts’ expectations of $503.66 million. During the same quarter last year, the company earned ($0.53) earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Equities analysts predict that Masonite International Corp. will post $3.15 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Masonite International Corp. by 105.7% in the first quarter. BlackRock Inc. now owns 2,220 shares of the company’s stock valued at $146,000 after buying an additional 1,141 shares during the last quarter. State Street Corp boosted its stake in Masonite International Corp. by 50.6% in the first quarter. State Street Corp now owns 748,081 shares of the company’s stock valued at $49,001,000 after buying an additional 251,389 shares during the last quarter. Barclays PLC boosted its stake in Masonite International Corp. by 476.7% in the first quarter. Barclays PLC now owns 35,077 shares of the company’s stock valued at $2,280,000 after buying an additional 28,995 shares during the last quarter. Lorber David A bought a new stake in Masonite International Corp. during the first quarter valued at $152,000. Finally, Boothbay Fund Management LLC bought a new stake in Masonite International Corp. during the first quarter valued at $267,000.
DOOR has been the subject of several recent analyst reports. Zacks Investment Research raised Masonite International Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Imperial Capital reduced their price target on Masonite International Corp. from $80.00 to $77.00 and set an “outperform” rating for the company in a report on Friday, August 12th. Wedbush reaffirmed an “outperform” rating and issued a $72.00 price objective on shares of Masonite International Corp. in a research note on Friday, August 12th. FBR & Co reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Masonite International Corp. in a research note on Wednesday, August 17th. Finally, TheStreet downgraded Masonite International Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $76.25.
ILLEGAL ACTIVITY NOTICE: “Russell Thane Tiejema Acquires 3,500 Shares of Masonite International Corp. (DOOR) Stock” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2016/11/24/russell-thane-tiejema-acquires-3500-shares-of-masonite-international-corp-door-stock.html.
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.
Receive News & Stock Ratings for Masonite International Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International Corp. and related stocks with our FREE daily email newsletter.