Masonite International Co. (NYSE:DOOR) Short Interest Up 10.3% in March

Masonite International Co. (NYSE:DOORGet Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 673,100 shares, an increase of 10.3% from the February 29th total of 610,400 shares. Based on an average daily volume of 626,900 shares, the short-interest ratio is presently 1.1 days. Approximately 3.1% of the shares of the stock are short sold.

Insider Buying and Selling

In related news, SVP James C. Pelletier sold 262 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total value of $34,075.72. Following the transaction, the senior vice president now directly owns 12,739 shares of the company’s stock, valued at approximately $1,656,834.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Christopher O. Ball sold 396 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total transaction of $51,503.76. Following the sale, the insider now owns 13,263 shares in the company, valued at approximately $1,724,985.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James C. Pelletier sold 262 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total value of $34,075.72. Following the sale, the senior vice president now owns 12,739 shares in the company, valued at approximately $1,656,834.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,641 shares of company stock valued at $213,329. Corporate insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Masonite International

Several institutional investors and hedge funds have recently bought and sold shares of DOOR. Vanguard Group Inc. increased its position in shares of Masonite International by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 2,366,249 shares of the company’s stock worth $200,327,000 after acquiring an additional 120,448 shares in the last quarter. BlackRock Inc. grew its holdings in Masonite International by 4.3% during the 2nd quarter. BlackRock Inc. now owns 1,560,490 shares of the company’s stock valued at $159,857,000 after purchasing an additional 64,806 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in Masonite International by 41.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 865,855 shares of the company’s stock valued at $73,303,000 after purchasing an additional 253,981 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Masonite International by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 780,024 shares of the company’s stock valued at $66,038,000 after purchasing an additional 18,335 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in Masonite International by 23.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 607,079 shares of the company’s stock valued at $53,994,000 after purchasing an additional 113,896 shares in the last quarter. Institutional investors and hedge funds own 97.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $133.00 price objective (up previously from $119.00) on shares of Masonite International in a research report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $133.00 target price (up from $115.00) on shares of Masonite International in a research report on Monday, February 12th. Royal Bank of Canada upped their target price on Masonite International from $87.00 to $133.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 21st. TheStreet downgraded Masonite International from a “b” rating to a “c+” rating in a research report on Tuesday, February 20th. Finally, Robert W. Baird lowered shares of Masonite International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $106.00 to $92.00 in a research note on Tuesday, December 19th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.89.

Read Our Latest Stock Report on Masonite International

Masonite International Stock Down 0.1 %

DOOR stock opened at $131.21 on Wednesday. The company has a market cap of $2.88 billion, a P/E ratio of 24.90, a P/E/G ratio of 2.38 and a beta of 1.64. Masonite International has a 52 week low of $76.87 and a 52 week high of $131.93. The company’s 50-day moving average price is $121.53 and its 200 day moving average price is $99.46. The company has a current ratio of 2.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.22.

Masonite International (NYSE:DOORGet Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.05). The company had revenue of $660.58 million for the quarter, compared to analysts’ expectations of $659.87 million. Masonite International had a return on equity of 20.17% and a net margin of 4.18%. During the same period in the prior year, the firm posted $1.72 EPS. On average, research analysts expect that Masonite International will post 9.45 earnings per share for the current fiscal year.

Masonite International Company Profile

(Get Free Report)

Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors and door solutions for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers interior doors of wood and related materials, including wood composite molded and flat door facings; exterior doors of steel, fiberglass, or composite materials; and molded panel, flush, stile and rail, steel, and fiberglass residential doors; and architectural doors, as well as Z-articulating cap sill, ADAptive, and ultimate astragals,trilennium, simple solution corner pads, and panolock products.

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