Principal Financial Group Inc. Raises Holdings in Masonite International Corporation (DOOR)

Principal Financial Group Inc. grew its stake in shares of Masonite International Corporation (NYSE:DOOR) by 46.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,297 shares of the company’s stock after acquiring an additional 1,994 shares during the period. Principal Financial Group Inc.’s holdings in Masonite International Corporation were worth $475,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DOOR. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Masonite International Corporation by 18.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock valued at $125,000 after buying an additional 258 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Masonite International Corporation by 1.4% in the second quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock valued at $181,000 after buying an additional 34 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Masonite International Corporation in the first quarter valued at approximately $208,000. Prudential Financial Inc. raised its position in shares of Masonite International Corporation by 1.1% in the second quarter. Prudential Financial Inc. now owns 3,520 shares of the company’s stock valued at $266,000 after buying an additional 40 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Masonite International Corporation by 538.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,836 shares of the company’s stock valued at $290,000 after buying an additional 3,235 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

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A number of equities research analysts have recently weighed in on DOOR shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $67.00 price target on shares of Masonite International Corporation in a research report on Monday, September 25th. Stephens downgraded shares of Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 price target for the company. in a research report on Thursday, August 10th. Wedbush set a $70.00 price target on shares of Masonite International Corporation and gave the company a “buy” rating in a research report on Saturday, August 12th. Zacks Investment Research downgraded shares of Masonite International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, TheStreet downgraded shares of Masonite International Corporation from a “b” rating to a “c+” rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Masonite International Corporation has a consensus rating of “Hold” and a consensus price target of $75.60.

In related news, Director Robert J. Byrne acquired 1,500 shares of the stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $60.81 per share, for a total transaction of $91,215.00. Following the transaction, the director now owns 9,633 shares in the company, valued at approximately $585,782.73. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.19% of the company’s stock.

Masonite International Corporation (NYSE:DOOR) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.22). The company had revenue of $519.70 million for the quarter, compared to analysts’ expectations of $547.79 million. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.01%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 EPS.

Masonite International Corporation Profile

Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.

Institutional Ownership by Quarter for Masonite International Corporation (NYSE:DOOR)

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