Credit Suisse AG Lowers Holdings in Masonite International Co. (NYSE:DOOR)

Credit Suisse AG reduced its stake in shares of Masonite International Co. (NYSE:DOOR – Get Rating) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,153 shares of the company’s stock after selling 554 shares during the period. Credit Suisse AG owned approximately 0.08% of Masonite International worth $1,294,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in DOOR. Point72 Hong Kong Ltd acquired a new position in shares of Masonite International during the 1st quarter worth $46,000. Covestor Ltd acquired a new position in shares of Masonite International during the 1st quarter worth $55,000. Quantbot Technologies LP acquired a new position in Masonite International in the 1st quarter valued at about $112,000. SG Americas Securities LLC acquired a new position in Masonite International in the 2nd quarter valued at about $104,000. Finally, Captrust Financial Advisors raised its stake in Masonite International by 18.2% in the 2nd quarter. Captrust Financial Advisors now owns 1,363 shares of the company’s stock valued at $105,000 after purchasing an additional 210 shares during the last quarter. 98.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Masonite International news, Director Robert J. Byrne sold 2,500 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $90.58, for a total value of $226,450.00. Following the sale, the director now directly owns 946 shares of the company’s stock, valued at $85,688.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DOOR. StockNews.com downgraded shares of Masonite International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 23rd. Stephens decreased their target price on Masonite International from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, November 9th. Robert W. Baird boosted their target price on Masonite International from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, February 24th. Deutsche Bank Aktiengesellschaft boosted their target price on Masonite International from $90.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, January 10th. Finally, Royal Bank of Canada cut Masonite International from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $91.00 to $89.00 in a report on Friday, January 13th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.00.

Masonite International Price Performance

Shares of NYSE DOOR opened at $89.60 on Thursday. Masonite International Co. has a 1-year low of $65.71 and a 1-year high of $101.75. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.33 and a quick ratio of 2.17. The business’s fifty day moving average price is $87.84 and its two-hundred day moving average price is $79.63. The firm has a market capitalization of $1.99 billion, a PE ratio of 9.54 and a beta of 1.59.

Masonite International (NYSE:DOOR – Get Rating) last issued its earnings results on Wednesday, February 22nd. The company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.16). Masonite International had a return on equity of 32.47% and a net margin of 7.41%. The company had revenue of $676.00 million during the quarter, compared to analyst estimates of $641.01 million. During the same period in the prior year, the business earned $2.01 earnings per share. Masonite International’s quarterly revenue was up 6.3% on a year-over-year basis. On average, research analysts expect that Masonite International Co. will post 8.21 EPS 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.