American Century Companies Inc. Raises Stock Position in Masonite International Co. (NYSE:DOOR)

Posted by Defense World Staff on Jun 8th, 2023

American Century Companies Inc. lifted its stake in shares of Masonite International Co. (NYSE:DOOR – Get Rating) by 29.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 228,563 shares of the company’s stock after acquiring an additional 52,188 shares during the quarter. American Century Companies Inc. owned approximately 1.03% of Masonite International worth $18,424,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. increased its stake in shares of Masonite International by 15.4% during the third quarter. Alliancebernstein L.P. now owns 1,505,094 shares of the company’s stock valued at $107,298,000 after buying an additional 200,769 shares during the period. Franklin Resources Inc. increased its holdings in Masonite International by 69.7% during the fourth quarter. Franklin Resources Inc. now owns 900,663 shares of the company’s stock valued at $72,602,000 after buying an additional 369,810 shares during the period. Pzena Investment Management LLC grew its stake in Masonite International by 80.5% in the fourth quarter. Pzena Investment Management LLC now owns 830,512 shares of the company’s stock valued at $66,948,000 after purchasing an additional 370,355 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Masonite International by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 739,809 shares of the company’s stock valued at $59,638,000 after purchasing an additional 13,990 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Masonite International by 23.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 607,079 shares of the company’s stock valued at $53,994,000 after purchasing an additional 113,896 shares during the last quarter. 98.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Masonite International

In other news, insider Alexander Albert Legall sold 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $92.01, for a total value of $156,417.00. Following the transaction, the insider now owns 3,257 shares in the company, valued at $299,676.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Catherine Anne Shellabarger sold 803 shares of Masonite International stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $93.50, for a total transaction of $75,080.50. Following the transaction, the chief accounting officer now owns 3,769 shares in the company, valued at $352,401.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Alexander Albert Legall sold 1,700 shares of Masonite International stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $92.01, for a total value of $156,417.00. Following the transaction, the insider now owns 3,257 shares in the company, valued at approximately $299,676.57. The disclosure for this sale can be found here. Insiders own 1.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DOOR shares. StockNews.com lowered shares of Masonite International from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Royal Bank of Canada boosted their price target on Masonite International from $95.00 to $105.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 10th. Robert W. Baird boosted their price objective on shares of Masonite International from $110.00 to $115.00 in a report on Wednesday, May 10th. Finally, Stifel Nicolaus boosted their price objective on shares of Masonite International from $102.00 to $115.00 in a report on Wednesday, May 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Masonite International presently has an average rating of “Moderate Buy” and an average price target of $106.43.

Masonite International Stock Performance

Shares of NYSE DOOR opened at $99.97 on Thursday. The company’s fifty day moving average price is $91.09 and its 200 day moving average price is $86.52. Masonite International Co. has a 1 year low of $65.71 and a 1 year high of $103.31. The company has a market capitalization of $2.21 billion, a PE ratio of 12.18 and a beta of 1.60. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.10 and a current ratio of 3.39.

Masonite International (NYSE:DOOR – Get Rating) last released its quarterly earnings results on Monday, May 8th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.30. The company had revenue of $726.00 million during the quarter, compared to analysts’ expectations of $688.20 million. Masonite International had a return on equity of 27.22% and a net margin of 6.40%. Masonite International’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.89 EPS. On average, research analysts predict that Masonite International Co. will post 7.99 earnings per share for the current year.

Masonite International Company Profile

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Masonite International Corp. engages in the manufacture of interior and exterior doors for residential and architectural use. It operates through the following geographical segments: North American Residential, Europe, Architectural, and Corporate and Other. The Corporate and other segment includes unallocated corporate costs and the results of immaterial operating segments.