Eagle Asset Management Inc. Acquires 22,139 Shares of Masonite International Corporation (DOOR)
Eagle Asset Management Inc. raised its holdings in Masonite International Corporation (NYSE:DOOR) by 8.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 296,040 shares of the company’s stock after acquiring an additional 22,139 shares during the period. Eagle Asset Management Inc. owned approximately 0.99% of Masonite International Corporation worth $22,351,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. Principal Financial Group Inc. raised its holdings in Masonite International Corporation by 46.3% in the 2nd quarter. Principal Financial Group Inc. now owns 6,297 shares of the company’s stock valued at $475,000 after acquiring an additional 1,994 shares during the last quarter. Renaissance Group LLC grew its stake in shares of Masonite International Corporation by 15.9% in the 2nd quarter. Renaissance Group LLC now owns 5,382 shares of the company’s stock valued at $406,000 after buying an additional 738 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Masonite International Corporation by 18.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock valued at $125,000 after buying an additional 258 shares during the period. Prudential Financial Inc. grew its stake in shares of Masonite International Corporation by 1.1% in the 2nd quarter. Prudential Financial Inc. now owns 3,520 shares of the company’s stock valued at $266,000 after buying an additional 40 shares during the period. Finally, Great Lakes Advisors LLC grew its stake in shares of Masonite International Corporation by 22.9% in the 2nd quarter. Great Lakes Advisors LLC now owns 35,414 shares of the company’s stock valued at $2,674,000 after buying an additional 6,597 shares during the period. Institutional investors own 98.11% of the company’s stock.
In related news, Director Robert J. Byrne bought 1,500 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $60.81 per share, for a total transaction of $91,215.00. Following the completion of the acquisition, the director now owns 9,633 shares in the company, valued at $585,782.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is currently owned by insiders.
Several analysts have recently weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $85.00 price target on shares of Masonite International Corporation in a research note on Friday, June 16th. Zacks Investment Research raised shares of Masonite International Corporation from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Monday, July 24th. Instinet dropped their price target on shares of Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, May 9th. Nomura set a $77.00 price target on shares of Masonite International Corporation and gave the company a “buy” rating in a research note on Thursday, August 10th. Finally, Stifel Nicolaus cut shares of Masonite International Corporation from a “buy” rating to a “hold” rating and dropped their price target for the company from $85.00 to $72.00 in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $76.22.
Masonite International Corporation (DOOR) opened at 64.30 on Monday. The stock has a market cap of $1.90 billion, a PE ratio of 20.19 and a beta of 1.29. The company’s 50 day moving average is $69.38 and its 200-day moving average is $74.99. Masonite International Corporation has a 52-week low of $50.40 and a 52-week high of $85.30.
Masonite International Corporation (NYSE:DOOR) last released its earnings results on Wednesday, August 9th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by $0.22. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.01%. The company had revenue of $519.70 million during the quarter, compared to analysts’ expectations of $547.79 million. During the same quarter in the previous year, the firm posted $1.02 earnings per share. Masonite International Corporation’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Masonite International Corporation will post $3.37 earnings per share for the current year.
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About Masonite International Corporation
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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