Meeder Asset Management Inc. lessened its holdings in Masonite International Corp (NYSE:DOOR) by 19.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,867 shares of the company’s stock after selling 2,203 shares during the period. Meeder Asset Management Inc.’s holdings in Masonite International were worth $442,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Masonite International by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,446,933 shares of the company’s stock worth $156,849,000 after acquiring an additional 49,516 shares during the period. Vanguard Group Inc raised its stake in Masonite International by 2.1% during the 3rd quarter. Vanguard Group Inc now owns 2,446,933 shares of the company’s stock worth $156,849,000 after acquiring an additional 49,516 shares during the period. BlackRock Inc. raised its stake in Masonite International by 1.1% during the 4th quarter. BlackRock Inc. now owns 1,988,052 shares of the company’s stock worth $89,124,000 after acquiring an additional 22,426 shares during the period. Clearbridge Investments LLC raised its stake in Masonite International by 7.1% during the 3rd quarter. Clearbridge Investments LLC now owns 1,877,374 shares of the company’s stock worth $120,340,000 after acquiring an additional 124,171 shares during the period. Finally, Praesidium Investment Management Company LLC raised its stake in Masonite International by 6.3% during the 4th quarter. Praesidium Investment Management Company LLC now owns 1,725,196 shares of the company’s stock worth $77,341,000 after acquiring an additional 101,579 shares during the period. Hedge funds and other institutional investors own 99.32% of the company’s stock.
Shares of DOOR opened at $51.20 on Monday. The company has a quick ratio of 1.82, a current ratio of 2.84 and a debt-to-equity ratio of 1.28. Masonite International Corp has a 1 year low of $43.76 and a 1 year high of $73.40. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 13.91 and a beta of 1.44.
A number of equities research analysts have issued reports on DOOR shares. Zacks Investment Research lowered shares of Masonite International from a “hold” rating to a “sell” rating in a report on Monday, January 14th. B. Riley lowered shares of Masonite International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $66.00 to $56.00 in a report on Friday, February 1st. Royal Bank of Canada set a $58.00 price objective on shares of Masonite International and gave the company a “buy” rating in a report on Tuesday, February 5th. ValuEngine raised shares of Masonite International from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Finally, Seaport Global Securities started coverage on shares of Masonite International in a report on Friday, March 15th. They set a “buy” rating and a $61.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $62.29.
In other Masonite International news, insider Robert Edgar Lewis sold 1,000 shares of Masonite International stock in a transaction on Friday, March 1st. The shares were sold at an average price of $55.28, for a total transaction of $55,280.00. Following the completion of the transaction, the insider now directly owns 21,238 shares of the company’s stock, valued at $1,174,036.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.43% of the stock is owned by 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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