BlackRock Inc. Purchases 22,426 Shares of Masonite International Corp (DOOR)

BlackRock Inc. boosted its position in Masonite International Corp (NYSE:DOOR) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,988,052 shares of the company’s stock after acquiring an additional 22,426 shares during the period. BlackRock Inc. owned 7.50% of Masonite International worth $89,124,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Franklin Resources Inc. bought a new position in shares of Masonite International during the 3rd quarter worth approximately $207,000. Ramsey Quantitative Systems bought a new stake in Masonite International in the 4th quarter valued at $204,000. Argent Trust Co bought a new stake in Masonite International in the 4th quarter valued at $226,000. Hsbc Holdings PLC boosted its stake in Masonite International by 95.4% in the 3rd quarter. Hsbc Holdings PLC now owns 5,509 shares of the company’s stock valued at $353,000 after purchasing an additional 2,689 shares during the period. Finally, BB&T Corp boosted its stake in Masonite International by 4.3% in the 4th quarter. BB&T Corp now owns 6,019 shares of the company’s stock valued at $269,000 after purchasing an additional 246 shares during the period. Institutional investors and hedge funds own 99.32% of the company’s stock.

DOOR has been the subject of several recent research reports. Royal Bank of Canada set a $58.00 price target on Masonite International and gave the company a “buy” rating in a research note on Tuesday, February 5th. Seaport Global Securities began coverage on Masonite International in a report on Friday, March 15th. They set a “buy” rating and a $61.00 price target for the company. ValuEngine raised Masonite International from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Zacks Investment Research raised Masonite International from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, B. Riley cut Masonite International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $66.00 to $56.00 in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Masonite International has an average rating of “Hold” and a consensus price target of $62.29.

Shares of NYSE DOOR traded up $0.05 during trading on Friday, reaching $51.20. The company had a trading volume of 82,864 shares, compared to its average volume of 139,597. Masonite International Corp has a 12 month low of $43.76 and a 12 month high of $73.40. The firm has a market capitalization of $1.31 billion, a PE ratio of 13.91 and a beta of 1.44. The company has a current ratio of 2.84, a quick ratio of 1.82 and a debt-to-equity ratio of 1.28.

Masonite International (NYSE:DOOR) last released its quarterly earnings results on Monday, February 18th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Masonite International had a return on equity of 14.96% and a net margin of 4.27%. The firm had revenue of $528.35 million for the quarter, compared to analyst estimates of $528.60 million. During the same quarter in the previous year, the company posted $0.70 EPS. The business’s revenue was up 3.9% on a year-over-year basis. As a group, analysts forecast that Masonite International Corp will post 3.94 earnings per share for the current fiscal year.

In related news, insider Robert Edgar Lewis sold 1,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $55.28, for a total transaction of $55,280.00. Following the sale, the insider now owns 21,238 shares in the company, valued at approximately $1,174,036.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.43% of the stock is owned by corporate insiders.

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About Masonite International

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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Institutional Ownership by Quarter for Masonite International (NYSE:DOOR)

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