Federated Hermes Inc. Sells 5,864 Shares of Masonite International Co. (NYSE:DOOR)

Federated Hermes Inc. reduced its holdings in shares of Masonite International Co. (NYSE:DOOR - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,825 shares of the company's stock after selling 5,864 shares during the period. Federated Hermes Inc. owned about 0.12% of Masonite International worth $2,186,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. NBC Securities Inc. acquired a new stake in Masonite International during the 3rd quarter worth approximately $25,000. Daiwa Securities Group Inc. acquired a new position in Masonite International in the 4th quarter valued at $34,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Masonite International in the 3rd quarter worth $103,000. New York State Teachers Retirement System purchased a new stake in shares of Masonite International in the fourth quarter valued at about $169,000. Finally, Strs Ohio acquired a new position in shares of Masonite International during the third quarter worth about $214,000. 97.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Masonite International

In related news, insider Robert Paxton sold 721 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total transaction of $93,693.95. Following the completion of the sale, the insider now directly owns 20,798 shares of the company's stock, valued at $2,702,700.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Christopher O. Ball sold 396 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total value of $51,503.76. Following the completion of the transaction, the insider now owns 13,263 shares of the company's stock, valued at approximately $1,724,985.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Paxton sold 721 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total value of $93,693.95. Following the completion of the sale, the insider now owns 20,798 shares of the company's stock, valued at approximately $2,702,700.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,641 shares of company stock valued at $213,329. Corporate insiders own 1.21% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on DOOR shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $133.00 target price (up previously from $115.00) on shares of Masonite International in a research report on Monday, February 12th. StockNews.com started coverage on shares of Masonite International in a report on Wednesday, April 24th. They issued a "hold" rating for the company. TheStreet lowered shares of Masonite International from a "b" rating to a "c+" rating in a research report on Tuesday, February 20th. Royal Bank of Canada boosted their price target on Masonite International from $87.00 to $133.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 21st. Finally, Oppenheimer initiated coverage on Masonite International in a report on Friday, January 19th. They issued an "outperform" rating and a $115.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Masonite International currently has a consensus rating of "Hold" and a consensus price target of $116.89.

Masonite International Stock Performance

DOOR stock traded up $0.96 during trading on Monday, reaching $132.57. 578,104 shares of the company's stock were exchanged, compared to its average volume of 666,787. The firm has a market cap of $2.91 billion, a PE ratio of 25.16, a P/E/G ratio of 6.94 and a beta of 1.64. The company has a quick ratio of 1.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.22. Masonite International Co. has a 1-year low of $76.87 and a 1-year high of $132.85. The company's fifty day moving average price is $130.92 and its 200-day moving average price is $104.87.

Masonite International (NYSE:DOOR - Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.36 by ($0.05). The company had revenue of $660.58 million during the quarter, compared to the consensus estimate of $659.87 million. Masonite International had a net margin of 4.18% and a return on equity of 20.17%. During the same quarter in the prior year, the company earned $1.72 EPS. On average, research analysts expect that Masonite International Co. will post 9.48 EPS for the current fiscal year.

Masonite International Profile

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.