Great Lakes Advisors LLC Reduces Stock Position in Masonite International Co. (NYSE:DOOR)

Great Lakes Advisors LLC trimmed its holdings in shares of Masonite International Co. (NYSE:DOOR) by 15.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,159 shares of the company’s stock after selling 7,605 shares during the quarter. Great Lakes Advisors LLC owned 0.18% of Masonite International worth $4,114,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Citigroup Inc. increased its holdings in Masonite International by 106.6% during the 2nd quarter. Citigroup Inc. now owns 17,978 shares of the company’s stock worth $1,842,000 after purchasing an additional 9,275 shares during the period. Dimensional Fund Advisors LP lifted its stake in Masonite International by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 754,952 shares of the company’s stock worth $77,339,000 after acquiring an additional 11,339 shares during the period. Swiss National Bank grew its holdings in Masonite International by 0.7% during the 2nd quarter. Swiss National Bank now owns 45,977 shares of the company’s stock worth $4,710,000 after acquiring an additional 300 shares in the last quarter. Rhumbline Advisers increased its position in Masonite International by 9.9% during the 2nd quarter. Rhumbline Advisers now owns 32,790 shares of the company’s stock valued at $3,359,000 after purchasing an additional 2,947 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Masonite International by 146.0% in the 2nd quarter. Principal Financial Group Inc. now owns 6,032 shares of the company’s stock valued at $618,000 after purchasing an additional 3,580 shares in the last quarter.

Insider Activity

In other Masonite International news, Director Jay Ira Steinfeld bought 600 shares of Masonite International stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $81.97 per share, with a total value of $49,182.00. Following the completion of the acquisition, the director now directly owns 6,217 shares in the company, valued at approximately $509,607.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DOOR. Wedbush reissued an “outperform” rating and set a $125.00 price objective on shares of Masonite International in a report on Tuesday, September 19th. Royal Bank of Canada dropped their price objective on Masonite International from $106.00 to $87.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 9th. Stifel Nicolaus reduced their target price on shares of Masonite International from $123.00 to $116.00 and set a “buy” rating for the company in a report on Thursday, November 9th. JPMorgan Chase & Co. decreased their price target on shares of Masonite International from $122.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, November 13th. Finally, Benchmark reduced their price objective on shares of Masonite International from $133.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Masonite International has a consensus rating of “Moderate Buy” and an average price target of $108.50.

Masonite International Trading Down 0.8 %

Shares of Masonite International stock opened at $87.29 on Tuesday. The firm’s 50 day simple moving average is $87.04 and its two-hundred day simple moving average is $95.18. Masonite International Co. has a 12-month low of $71.04 and a 12-month high of $109.58. The company has a current ratio of 2.97, a quick ratio of 2.05 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.89 and a beta of 1.65.

Masonite International (NYSE:DOOR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.12 by ($0.08). Masonite International had a return on equity of 22.14% and a net margin of 5.60%. The firm had revenue of $702.25 million during the quarter, compared to analysts’ expectations of $711.21 million. During the same quarter in the previous year, the business earned $2.53 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts predict that Masonite International Co. will post 7.73 EPS for the current year.

About Masonite International

Masonite International Corporation designs, manufactures, markets, 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. It offers molded panel, flush, stile and rail, steel, and fiberglass residential doors, as well as medium-density fiberboard (MDF) and architectural interior doors.