Emerald Acquisition Ltd. acquired a new stake in Masonite International Corp. (NYSE:DOOR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,148 shares of the company’s stock, valued at approximately $1,069,000. Emerald Acquisition Ltd. owned approximately 0.05% of Masonite International Corp. as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. State Street Corp raised 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 in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Masonite International Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 780,020 shares of the company’s stock valued at $51,091,000 after buying an additional 9,960 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in Masonite International Corp. by 149.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 273,045 shares of the company’s stock valued at $18,059,000 after buying an additional 163,736 shares in the last quarter. Renaissance Technologies LLC raised its stake in Masonite International Corp. by 34.5% in the first quarter. Renaissance Technologies LLC now owns 631,000 shares of the company’s stock valued at $41,331,000 after buying an additional 161,800 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in Masonite International Corp. by 38.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 819,513 shares of the company’s stock valued at $53,678,000 after buying an additional 228,600 shares in the last quarter. 99.93% of the stock is owned by institutional investors.
Masonite International Corp. (NYSE:DOOR) traded down 1.83% during midday trading on Friday, hitting $62.27. The company had a trading volume of 141,547 shares. The company has a 50 day moving average price of $64.76 and a 200 day moving average price of $67.42. Masonite International Corp. has a 1-year low of $45.14 and a 1-year high of $72.75. The firm has a market capitalization of $1.90 billion, a P/E ratio of 88.58 and a beta of 1.05.
Masonite International Corp. (NYSE:DOOR) last issued its earnings results on Wednesday, August 10th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.14. The company earned $514 million during the quarter, compared to analyst estimates of $512.96 million. Masonite International Corp. had a return on equity of 12.97% and a net margin of 1.10%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. Equities research analysts forecast that Masonite International Corp. will post $2.97 earnings per share for the current fiscal year.
Several analysts have issued reports on the company. TheStreet lowered Masonite International Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. FBR & Co reissued a “buy” rating and set a $89.00 price target on shares of Masonite International Corp. in a report on Wednesday, August 17th. Wedbush reissued an “outperform” rating and set a $72.00 price target on shares of Masonite International Corp. in a report on Friday, August 12th. Imperial Capital lowered their price objective on Masonite International Corp. from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Friday, August 12th. Finally, Zacks Investment Research upgraded Masonite International Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Masonite International Corp. currently has a consensus rating of “Buy” and an average price target of $77.88.
In related news, insider Robert Edgar Lewis sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $67.67, for a total value of $101,505.00. Following the completion of the transaction, the insider now owns 24,140 shares in the company, valued at approximately $1,633,553.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.42% of the stock is owned by corporate insiders.
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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