Federated Hermes Inc. Sells 5,864 Shares of Masonite International Co. (NYSE:DOOR)

Federated Hermes Inc. trimmed its position in Masonite International Co. (NYSE:DOOR) by 18.5% during the fourth quarter, Holdings Channel reports. The firm owned 25,825 shares of the company’s stock after selling 5,864 shares during the quarter. Federated Hermes Inc.’s holdings in Masonite International were worth $2,186,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Masonite International by 1.2% in the 3rd quarter. Barclays PLC now owns 14,327 shares of the company’s stock valued at $1,336,000 after purchasing an additional 172 shares during the period. Swiss National Bank raised its holdings in Masonite International by 0.4% in the 3rd quarter. Swiss National Bank now owns 46,177 shares of the company’s stock valued at $4,305,000 after acquiring an additional 200 shares during the period. Inspire Investing LLC raised its holdings in Masonite International by 7.8% in the 3rd quarter. Inspire Investing LLC now owns 3,287 shares of the company’s stock valued at $306,000 after acquiring an additional 238 shares during the period. NBC Securities Inc. bought a new position in Masonite International in the 3rd quarter valued at about $25,000. Finally, Duality Advisers LP raised its holdings in Masonite International by 16.9% in the 3rd quarter. Duality Advisers LP now owns 2,423 shares of the company’s stock valued at $226,000 after acquiring an additional 351 shares during the period. 97.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DOOR has been the topic of several research analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $133.00 price target (up from $119.00) on shares of Masonite International in a report on Wednesday, February 21st. Oppenheimer initiated coverage on shares of Masonite International in a report on Friday, January 19th. They issued an “outperform” rating and a $115.00 price target on the stock. Royal Bank of Canada increased their price target on shares of Masonite International from $87.00 to $133.00 and gave the company a “sector perform” rating in a report on Wednesday, February 21st. TheStreet cut shares of Masonite International from a “b” rating to a “c+” rating in a report on Tuesday, February 20th. Finally, StockNews.com assumed coverage on shares of Masonite International in a report on Wednesday, April 24th. They set a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $116.89.

Insider Buying and Selling

In other Masonite International news, insider Robert Paxton sold 721 shares of Masonite International stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total value of $93,693.95. Following the completion of the sale, the insider now directly owns 20,798 shares of the company’s stock, valued at $2,702,700.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP James C. Pelletier sold 262 shares of Masonite International stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total transaction of $34,075.72. Following the completion of the transaction, the senior vice president now directly owns 12,739 shares in the company, valued at $1,656,834.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Paxton sold 721 shares of Masonite International stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total transaction of $93,693.95. Following the transaction, the insider now owns 20,798 shares of the company’s stock, valued at $2,702,700.10. The disclosure for this sale can be found here. Insiders sold 1,641 shares of company stock valued at $213,329 over the last quarter. Insiders own 1.21% of the company’s stock.

Masonite International Price Performance

Shares of NYSE DOOR opened at $131.61 on Monday. Masonite International Co. has a twelve month low of $76.87 and a twelve month high of $131.94. The firm has a fifty day simple moving average of $130.86 and a 200 day simple moving average of $104.53. The company has a market capitalization of $2.89 billion, a PE ratio of 24.97, a P/E/G ratio of 6.94 and a beta of 1.64. The company has a quick ratio of 1.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.22.

Masonite International (NYSE:DOOR) last announced its earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.05). Masonite International had a return on equity of 20.17% and a net margin of 4.18%. The firm had revenue of $660.58 million for the quarter, compared to the consensus estimate of $659.87 million. During the same period in the prior year, the business earned $1.72 EPS. On average, sell-side analysts forecast that Masonite International Co. will post 9.48 EPS for the current year.

Masonite International Company Profile

Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors and door solutions for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers interior doors of wood and related materials, including wood composite molded and flat door facings; exterior doors of steel, fiberglass, or composite materials; and molded panel, flush, stile and rail, steel, and fiberglass residential doors; and architectural doors, as well as Z-articulating cap sill, ADAptive, and ultimate astragals,trilennium, simple solution corner pads, and panolock products.