Masonite International Co. (NYSE:DOOR) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC boosted its position in shares of Masonite International Co. (NYSE:DOOR - Free Report) by 174.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,963 shares of the company's stock after acquiring an additional 34,932 shares during the period. First Eagle Investment Management LLC owned 0.25% of Masonite International worth $4,653,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DOOR. Bank of New York Mellon Corp grew its position in shares of Masonite International by 5.6% during the third quarter. Bank of New York Mellon Corp now owns 108,242 shares of the company's stock worth $10,090,000 after purchasing an additional 5,729 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Masonite International by 14.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,075 shares of the company's stock valued at $473,000 after buying an additional 647 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Masonite International during the third quarter worth $270,000. Strs Ohio purchased a new position in Masonite International during the third quarter valued at $214,000. Finally, Teacher Retirement System of Texas increased its holdings in Masonite International by 72.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 10,240 shares of the company's stock valued at $955,000 after acquiring an additional 4,313 shares during the last quarter. Hedge funds and other institutional investors own 97.07% of the company's stock.

Insider Transactions at Masonite International

In related news, SVP James C. Pelletier sold 262 shares of Masonite International stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total transaction of $34,075.72. Following the completion of the sale, the senior vice president now owns 12,739 shares in the company, valued at approximately $1,656,834.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Christopher O. Ball sold 396 shares of the firm's 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 transaction, the insider now owns 13,263 shares in the company, valued at $1,724,985.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James C. Pelletier sold 262 shares of the company's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total transaction of $34,075.72. Following the completion of the sale, the senior vice president now directly owns 12,739 shares of the company's stock, valued at $1,656,834.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,641 shares of company stock worth $213,329. Insiders own 1.21% of the company's stock.

Masonite International Price Performance

Masonite International stock remained flat at $132.84 during midday trading on Friday. Masonite International Co. has a 52-week low of $76.87 and a 52-week high of $132.89. The business has a 50 day moving average price of $131.62 and a 200-day moving average price of $109.76. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 6.64 and a beta of 1.63. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.57 and a current ratio of 2.47.

Masonite International (NYSE:DOOR - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported $1.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.05 by ($0.76). The business had revenue of $668.34 million for the quarter, compared to the consensus estimate of $715.38 million. Masonite International had a return on equity of 17.82% and a net margin of 5.08%. Masonite International's revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 earnings per share. Equities analysts predict that Masonite International Co. will post 10 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer started coverage on Masonite International in a research report on Friday, January 19th. They set an "outperform" rating and a $115.00 price objective for the company. Stifel Nicolaus reaffirmed a "hold" rating and set a $133.00 price objective (up from $119.00) on shares of Masonite International in a report on Wednesday, February 21st. Royal Bank of Canada raised their target price on shares of Masonite International from $87.00 to $133.00 and gave the company a "sector perform" rating in a report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $133.00 price target (up previously from $115.00) on shares of Masonite International in a research note on Monday, February 12th. Finally, StockNews.com assumed coverage on shares of Masonite International in a research note on Saturday. They issued a "hold" rating for the company. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $116.89.

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.