Eventide Asset Management LLC Buys 8,740 Shares of Masonite International Corporation (DOOR)

Eventide Asset Management LLC increased its stake in Masonite International Corporation (NYSE:DOOR) by 2.9% during the first quarter, Holdings Channel reports. The fund owned 310,000 shares of the company’s stock after buying an additional 8,740 shares during the period. Masonite International Corporation accounts for about 1.6% of Eventide Asset Management LLC’s investment portfolio, making the stock its 24th largest position. Eventide Asset Management LLC owned approximately 1.04% of Masonite International Corporation worth $24,568,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of Masonite International Corporation by 84.8% in the first quarter. AQR Capital Management LLC now owns 29,228 shares of the company’s stock valued at $2,316,000 after buying an additional 13,412 shares during the last quarter. State Street Corp increased its position in shares of Masonite International Corporation by 20.8% in the first quarter. State Street Corp now owns 659,241 shares of the company’s stock valued at $52,251,000 after buying an additional 113,614 shares during the last quarter. Bank of America Corp DE increased its position in shares of Masonite International Corporation by 49.0% in the first quarter. Bank of America Corp DE now owns 156,217 shares of the company’s stock valued at $12,380,000 after buying an additional 51,367 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Masonite International Corporation by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 170,902 shares of the company’s stock valued at $13,544,000 after buying an additional 9,016 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Masonite International Corporation by 84,431.7% in the first quarter. BlackRock Inc. now owns 2,133,580 shares of the company’s stock valued at $169,086,000 after buying an additional 2,131,056 shares during the last quarter. 98.36% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Masonite International Corporation (NYSE:DOOR) traded down 0.86% on Friday, hitting $75.00. The stock had a trading volume of 271,194 shares. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 22.20 and a beta of 1.26. Masonite International Corporation has a 1-year low of $55.60 and a 1-year high of $85.30. The firm has a 50 day moving average of $76.55 and a 200-day moving average of $73.03.

Masonite International Corporation (NYSE:DOOR) last posted its earnings results on Monday, May 8th. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.05. The company had revenue of $487.18 million during the quarter, compared to analyst estimates of $497.51 million. Masonite International Corporation had a net margin of 5.29% and a return on equity of 14.73%. Masonite International Corporation’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. Equities analysts predict that Masonite International Corporation will post $4.18 earnings per share for the current year.

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Several brokerages have commented on DOOR. Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of Masonite International Corporation in a report on Friday. Instinet cut their target price on Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, May 9th. Zacks Investment Research downgraded Masonite International Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Nomura began coverage on Masonite International Corporation in a research note on Wednesday, April 12th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, TheStreet raised Masonite International Corporation from a “c+” rating to a “b-” rating in a research note on Monday, March 6th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Masonite International Corporation currently has an average rating of “Buy” and a consensus target price of $78.11.

In other news, insider Robert Edgar Lewis sold 3,500 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $74.08, for a total transaction of $259,280.00. Following the completion of the sale, the insider now directly owns 22,618 shares in the company, valued at $1,675,541.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.19% of the company’s stock.

Masonite International Corporation Company Profile

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.

Want to see what other hedge funds are holding DOOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masonite International Corporation (NYSE:DOOR).

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