Trade Report: Today, Insider Buying: Masonite International Corp. (DOOR) Insider Buys $236,145.00 in Stock

Today, Insider Buying: Masonite International Corp. (DOOR) Insider Buys $236,145.00 in Stock

Masonite International Corp. (NYSE:DOOR) insider Russell Thane Tiejema bought 3,500 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was purchased at an average price of $67.47 per share, with a total value of $236,145.00. Following the acquisition, the insider now directly owns 16,960 shares in the company, valued at approximately $1,144,291.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Masonite International Corp. (NYSE:DOOR) opened at 67.15 on Friday. Masonite International Corp. has a 52-week low of $45.14 and a 52-week high of $72.75. The stock has a market cap of $2.01 billion, a P/E ratio of 29.84 and a beta of 1.10. The firm’s 50-day moving average is $61.01 and its 200-day moving average is $65.88.

Masonite International Corp. (NYSE:DOOR) last released its earnings results on Tuesday, November 8th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.18. Masonite International Corp. had a net margin of 3.54% and a return on equity of 14.01%. The business earned $489.65 million during the quarter, compared to analyst estimates of $503.66 million. During the same quarter in the prior year, the firm earned ($0.53) earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts predict that Masonite International Corp. will post $3.15 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its stake in shares of Masonite International Corp. by 0.3% in the second quarter. ProShare Advisors LLC now owns 3,833 shares of the company’s stock worth $254,000 after buying an additional 13 shares in the last quarter. Amalgamated Bank raised its stake in shares of Masonite International Corp. by 1.0% in the second quarter. Amalgamated Bank now owns 3,209 shares of the company’s stock worth $216,000 after buying an additional 31 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Masonite International Corp. by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 1,536 shares of the company’s stock worth $102,000 after buying an additional 47 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Masonite International Corp. by 2.2% in the third quarter. D.A. Davidson & CO. now owns 3,536 shares of the company’s stock worth $219,000 after buying an additional 77 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. raised its stake in shares of Masonite International Corp. by 4.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,905 shares of the company’s stock worth $192,000 after buying an additional 135 shares in the last quarter.

DOOR has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Masonite International Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. TheStreet lowered shares of Masonite International Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. Wedbush restated an “outperform” rating and issued a $72.00 target price on shares of Masonite International Corp. in a report on Wednesday, October 19th. FBR & Co restated a “buy” rating and issued a $89.00 target price on shares of Masonite International Corp. in a report on Wednesday, August 17th. Finally, Imperial Capital lowered their target price on shares of Masonite International Corp. from $80.00 to $77.00 and set an “outperform” rating for the company in a report on Friday, August 12th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $76.25.

Masonite International Corp. Company Profile

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