Falcon Point Capital LLC lowered its stake in Masonite International Corporation (NYSE:DOOR) by 3.4% during the second quarter, Holdings Channel reports. The firm owned 137,834 shares of the company’s stock after selling 4,788 shares during the period. Falcon Point Capital LLC’s holdings in Masonite International Corporation were worth $10,406,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DOOR. Stifel Financial Corp raised its stake in Masonite International Corporation by 3.4% in the first quarter. Stifel Financial Corp now owns 3,786 shares of the company’s stock valued at $300,000 after buying an additional 125 shares during the period. SG Americas Securities LLC raised its stake in Masonite International Corporation by 12.6% in the first quarter. SG Americas Securities LLC now owns 2,361 shares of the company’s stock valued at $187,000 after buying an additional 264 shares during the period. Ameriprise Financial Inc. raised its stake in Masonite International Corporation by 0.9% in the first quarter. Ameriprise Financial Inc. now owns 72,891 shares of the company’s stock valued at $5,777,000 after buying an additional 623 shares during the period. CNA Financial Corp raised its stake in Masonite International Corporation by 3.0% in the first quarter. CNA Financial Corp now owns 25,062 shares of the company’s stock valued at $1,986,000 after buying an additional 726 shares during the period. Finally, US Bancorp DE raised its stake in Masonite International Corporation by 7.3% in the second quarter. US Bancorp DE now owns 11,530 shares of the company’s stock valued at $870,000 after buying an additional 782 shares during the period. 98.25% of the stock is currently owned by institutional investors.

Shares of Masonite International Corporation (NYSE DOOR) opened at 59.50 on Friday. The company has a market capitalization of $1.76 billion, a P/E ratio of 18.69 and a beta of 1.26. The company’s 50 day moving average price is $74.83 and its 200 day moving average price is $75.65. Masonite International Corporation has a 12 month low of $50.40 and a 12 month high of $85.30.

Masonite International Corporation (NYSE:DOOR) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by $0.22. The business had revenue of $519.70 million for the quarter, compared to the consensus estimate of $547.79 million. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.13%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.02 EPS. Analysts expect that Masonite International Corporation will post $3.98 EPS for the current fiscal year.

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Several research firms have recently issued reports on DOOR. Instinet reissued a “buy” rating and set a $77.00 target price (down from $86.00) on shares of Masonite International Corporation in a report on Thursday. Stifel Nicolaus lowered Masonite International Corporation from a “buy” rating to a “hold” rating and reduced their target price for the stock from $85.00 to $72.00 in a report on Friday. Royal Bank Of Canada reduced their target price on Masonite International Corporation from $92.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday. Robert W. Baird reduced their target price on Masonite International Corporation from $90.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Zacks Investment Research lowered Masonite International Corporation from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Masonite International Corporation presently has an average rating of “Buy” and an average price target of $78.82.

In other Masonite International Corporation news, insider Robert Edgar Lewis sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $74.08, for a total transaction of $259,280.00. Following the completion of the transaction, the insider now owns 22,618 shares of the company’s stock, valued at approximately $1,675,541.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.19% of the company’s stock.

About Masonite International Corporation

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.

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

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