Wolverine Asset Management LLC Invests $119,000 in Masonite International Co. (NYSE:DOOR)

Wolverine Asset Management LLC acquired a new stake in Masonite International Co. (NYSE:DOOR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,400 shares of the company’s stock, valued at approximately $119,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in shares of Masonite International during the third quarter valued at about $625,000. Bank of New York Mellon Corp increased its position in Masonite International by 5.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 108,242 shares of the company’s stock valued at $10,090,000 after acquiring an additional 5,729 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Masonite International by 14.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,075 shares of the company’s stock valued at $473,000 after acquiring an additional 647 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Masonite International during the third quarter worth $270,000. Finally, Strs Ohio bought a new stake in shares of Masonite International in the third quarter worth $214,000. 97.07% of the stock is currently owned by institutional investors.

Insider Activity at Masonite International

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

Wall Street Analysts Forecast Growth

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

Masonite International Trading Down 0.1 %

NYSE:DOOR opened at $131.61 on Monday. Masonite International Co. has a one year low of $76.87 and a one year high of $131.94. The company has a market cap of $2.89 billion, a PE ratio of 24.97, a PEG ratio of 6.94 and a beta of 1.64. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.42 and a quick ratio of 1.42. The firm has a 50-day moving average of $130.86 and a 200-day moving average of $104.53.

Masonite International (NYSE:DOOR) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.05). Masonite International had a return on equity of 20.17% and a net margin of 4.18%. The company had revenue of $660.58 million for the quarter, compared to the consensus estimate of $659.87 million. During the same quarter last year, the company posted $1.72 EPS. As a group, equities research analysts expect that Masonite International Co. will post 9.48 EPS for the current fiscal year.

Masonite International 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.