Nordea Investment Management AB grew its stake in Masonite International Corp (NYSE:DOOR) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,290 shares of the company’s stock after acquiring an additional 1,660 shares during the quarter. Nordea Investment Management AB owned 0.31% of Masonite International worth $3,857,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in DOOR. Marshall Wace LLP acquired a new position in shares of Masonite International in the 1st quarter valued at $37,000. Quadrant Capital Group LLC boosted its holdings in shares of Masonite International by 2,540.0% in the 1st quarter. Quadrant Capital Group LLC now owns 1,056 shares of the company’s stock valued at $50,000 after purchasing an additional 1,016 shares during the last quarter. NumerixS Investment Technologies Inc boosted its holdings in shares of Masonite International by 1,000.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 1,100 shares of the company’s stock valued at $51,000 after purchasing an additional 1,000 shares during the last quarter. Marshall Wace North America L.P. boosted its holdings in shares of Masonite International by 85.5% in the 1st quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock valued at $72,000 after purchasing an additional 664 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Masonite International by 3,466.0% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,890 shares of the company’s stock valued at $95,000 after purchasing an additional 1,837 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.
Masonite International stock traded up $0.26 during trading hours on Thursday, hitting $52.74. The company had a trading volume of 254,700 shares, compared to its average volume of 140,243. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 14.33 and a beta of 1.43. The company has a quick ratio of 1.69, a current ratio of 2.73 and a debt-to-equity ratio of 1.49. The company’s fifty day moving average is $51.19. Masonite International Corp has a fifty-two week low of $43.76 and a fifty-two week high of $72.50.
Several equities research analysts recently issued reports on DOOR shares. JPMorgan Chase & Co. lifted their price target on shares of Masonite International from $66.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Robert W. Baird initiated coverage on shares of Rocket Pharmaceuticals in a research note on Monday, April 22nd. They set an “outperform” rating on the stock. Zacks Investment Research lowered shares of Gold Resource from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. Royal Bank of Canada set a $60.00 price target on shares of Masonite International and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, ValuEngine lowered shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $60.88.
Masonite International Company Profile
Masonite International Corporation designs, manufactures, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.
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