Robert Edgar Lewis Sells 1,400 Shares of Masonite International Corporation (DOOR) Stock

Masonite International Corporation (NYSE:DOOR) insider Robert Edgar Lewis sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $70.52, for a total value of $98,728.00. Following the completion of the sale, the insider now owns 22,518 shares in the company, valued at approximately $1,587,969.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Masonite International Corporation (NYSE:DOOR) opened at $74.00 on Monday. Masonite International Corporation has a twelve month low of $50.40 and a twelve month high of $85.30. The company has a market capitalization of $2,106.86, a price-to-earnings ratio of 22.98 and a beta of 1.33. The company has a quick ratio of 2.05, a current ratio of 3.12 and a debt-to-equity ratio of 0.93.

Masonite International (NYSE:DOOR) last announced its earnings results on Tuesday, November 7th. The company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.08. Masonite International had a return on equity of 14.38% and a net margin of 4.75%. The company had revenue of $517.50 million for the quarter, compared to analysts’ expectations of $509.04 million. During the same period last year, the firm earned $0.89 EPS. Masonite International’s revenue for the quarter was up 5.7% compared to the same quarter last year. analysts anticipate that Masonite International Corporation will post 3.48 earnings per share for the current year.

Several analysts have commented on the company. Wedbush downgraded Masonite International from an “outperform” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Tuesday, October 3rd. BidaskClub downgraded Masonite International from a “sell” rating to a “strong sell” rating in a research note on Friday, October 13th. Instinet reiterated a “buy” rating and set a $77.00 target price (down from $86.00) on shares of Masonite International in a research note on Thursday, August 10th. Nomura set a $77.00 price target on Masonite International and gave the stock a “buy” rating in a research note on Thursday, August 10th. Finally, Stifel Nicolaus downgraded Masonite International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $85.00 to $72.00 in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Masonite International currently has a consensus rating of “Hold” and a consensus target price of $76.73.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Masonite International by 84,431.7% during the first quarter. BlackRock Inc. now owns 2,133,580 shares of the company’s stock valued at $169,086,000 after acquiring an additional 2,131,056 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in Masonite International by 87.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,730,607 shares of the company’s stock valued at $119,758,000 after acquiring an additional 807,811 shares during the period. Neuberger Berman Group LLC bought a new stake in Masonite International during the third quarter valued at about $53,419,000. Vaughan Nelson Investment Management L.P. bought a new stake in Masonite International during the third quarter valued at about $23,052,000. Finally, Koch Industries Inc. bought a new stake in Masonite International during the second quarter valued at about $248,000.

TRADEMARK VIOLATION WARNING: “Robert Edgar Lewis Sells 1,400 Shares of Masonite International Corporation (DOOR) Stock” was reported by Week Herald and is owned by of Week Herald. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://weekherald.com/2017/12/04/masonite-international-corporation-door-insider-robert-edgar-lewis-sells-1400-shares-of-stock.html.

Masonite International Company 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.

Receive News & Ratings for Masonite International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply