American Century Companies Inc. Boosts Stake in Masonite International Co. (NYSE:DOOR)

Oct 30, 2023

American Century Companies Inc. boosted its holdings in Masonite International Co. (NYSE:DOOR - Free Report) by 16.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 266,618 shares of the company's stock after acquiring an additional 38,055 shares during the quarter. American Century Companies Inc. owned 1.20% of Masonite International worth $24,201,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in Masonite International by 18.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 47,153 shares of the company's stock worth $4,280,000 after acquiring an additional 7,492 shares during the last quarter. Rhumbline Advisers increased its stake in Masonite International by 2.4% in the 1st quarter. Rhumbline Advisers now owns 29,843 shares of the company's stock worth $2,709,000 after acquiring an additional 699 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in Masonite International in the 1st quarter worth about $412,000. Citigroup Inc. increased its stake in Masonite International by 39.3% in the 1st quarter. Citigroup Inc. now owns 8,703 shares of the company's stock worth $790,000 after acquiring an additional 2,456 shares during the last quarter. Finally, Credit Suisse AG increased its stake in Masonite International by 3.0% in the 1st quarter. Credit Suisse AG now owns 18,676 shares of the company's stock worth $1,695,000 after acquiring an additional 539 shares during the last quarter.

In other Masonite International news, CAO Catherine Anne Shellabarger sold 803 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $93.50, for a total value of $75,080.50. Following the completion of the sale, the chief accounting officer now owns 3,769 shares in the company, valued at approximately $352,401.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.21% of the company's stock.

Shares of DOOR stock opened at $102.51 on Thursday. The stock has a market capitalization of $2.26 billion, a PE ratio of 13.16, a P/E/G ratio of 1.00 and a beta of 1.63. Masonite International Co. has a 1-year low of $65.71 and a 1-year high of $109.58. The business has a 50-day moving average of $102.53 and a 200 day moving average of $94.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.86 and a quick ratio of 1.93.

Masonite International (NYSE:DOOR - Get Free Report) last issued its earnings results on Tuesday, August 8th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.21. The company had revenue of $742.00 million during the quarter, compared to analysts' expectations of $729.18 million. Masonite International had a return on equity of 24.81% and a net margin of 6.09%. Masonite International's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.58 EPS. As a group, sell-side analysts anticipate that Masonite International Co. will post 7.94 earnings per share for the current year.

A number of equities analysts have weighed in on the company. Benchmark upped their target price on Masonite International from $113.00 to $133.00 and gave the stock a "buy" rating in a research note on Thursday, August 10th. StockNews.com initiated coverage on Masonite International in a research report on Thursday, August 17th. They set a "buy" rating on the stock. Stephens increased their price objective on Masonite International from $110.00 to $130.00 and gave the company an "overweight" rating in a research report on Thursday, August 10th. Robert W. Baird increased their price objective on Masonite International from $110.00 to $115.00 in a research report on Wednesday, May 10th. Finally, Stifel Nicolaus increased their price objective on Masonite International from $102.00 to $115.00 in a research report on Wednesday, May 10th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Masonite International presently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

View Our Latest Stock Report on Masonite International

Masonite International Corporation designs, manufactures, markets, 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. It offers molded panel, flush, stile and rail, steel, and fiberglass residential doors, as well as medium-density fiberboard (MDF) and architectural interior doors.

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