Principal Financial Group Inc. acquires 684 shares of Masonite International Co. (NYSE: DOOR)
Principal Financial Group Inc. increased its stake in Masonite International Co. (NYSE: DOOR – Get Rating) by 0.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund held 389,237 shares of the company after buying an additional 684 shares during the quarter. Principal Financial Group Inc. owned approximately 1.72% of Masonite International worth $34,619,000 at the end of the most recent reporting period.
Other institutional investors have also recently changed their stake in the company. Counterpoint Mutual Funds LLC purchased a new stake in Masonite International during the first quarter for $84,000. Los Angeles Capital Management LLC purchased a new stake in Masonite International during the fourth quarter at a value of $204,000. PFS Investments Inc. acquired a new stake in Masonite International during the fourth quarter valued at $213,000. Versor Investments LP acquired a new stake in Masonite International during the fourth quarter valued at $236,000. Finally, American Trust purchased a new stake in Masonite International during the fourth quarter at a value of $280,000.
Masonite International Price Performance
DOOR stock opened at $93.18 on Monday. The stock has a market capitalization of $2.07 billion, a PE ratio of 15.66 and a beta of 1.73. The company’s 50-day moving average is $83.74 and its 200-day moving average is $87.28. The company has a debt ratio of 1.31, a current ratio of 2.85 and a quick ratio of 1.77. Masonite International Co. has a 1-year low of $69.41 and a 1-year high of $128.87.
Masonite International (NYSE:DOOR – Get Rating) last released its results on Monday August 8th. The company reported earnings per share of $2.58 for the quarter, beating analyst consensus estimates of $2.43 by $0.15. Masonite International had a net margin of 4.99% and a return on equity of 32.68%. The company posted revenue of $762.00 million for the quarter, versus analyst estimates of $725.81 million. In the same quarter a year earlier, the company posted EPS of $2.23. The company’s revenue increased by 15.1% compared to the same quarter last year. Equity research analysts expect Masonite International Co. to post EPS of 10.21 for the current fiscal year.
Wall Street analysts predict growth
A number of brokerages have commented on DOOR. StockNews.com upgraded Masonite International shares from a “hold” rating to a “buy” rating in a Wednesday, May 4 research report. TheStreet upgraded shares of Masonite International from a “c+” rating to a “b” rating in a research report on Thursday. Robert W. Baird raised his price target on Masonite International shares from $102.00 to $104.00 in a Wednesday, August 10 research report. Finally, JPMorgan Chase & Co. cut its price target on Masonite International shares from $110.00 to $93.00 in a Friday, July 15 research report. Four investment analysts have rated the stock with a buy rating. Based on data from MarketBeat.com, Masonite International currently has an average rating of “Buy” and an average price target of $117.25.
Masonite International Company Profile
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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 track, steel and fiberglass residential doors, as well as medium-density fiberboard (MDF) and architectural interior doors.
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