The EVP and CFO of Masonite International (NYSE: DOOR) is Buying Shares

By Carrie Williams

Today, the EVP and CFO of Masonite International (NYSE: DOOR), Tiejema Russell Thane, bought shares of DOOR for $236.1K.

This recent transaction increases Tiejema Russell Thane’s holding in the company by 26% to a total of $794.4K. Following Tiejema Russell Thane’s last DOOR Buy transaction on November 03, 2016, the stock climbed by 12.2%.

Based on Masonite International’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $490 million and quarterly net profit of $32.01 million. In comparison, last year the company earned revenue of $476 million and had a GAAP net loss of $16.28 million. The company has a one year high of $72.75 and a one year low of $45.14. DOOR’s market cap is $2.04B and the company has a P/E ratio of 29.67.

Starting in December 2015, DOOR received 19 Buy ratings in a row. Eight different firms, including FBR Capital and Imperial Capital, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $90.73K worth of DOOR shares and purchased $236.1K worth of DOOR shares. The insider sentiment on Masonite International has been neutral according to 53 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Masonite International Corp. designs and manufactures 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 markets and sells its products to remodeling contractors, builders, homeowners, retailers, dealers, lumberyards, commercial and general contractors and architects through well-established wholesale and retail distribution channels. Its reportable segments are organized and managed principally by geographic region: North America; Europe, Asia & Latin America; and Africa. The North America segment operates through three sub segments: Retail, Wholesale and Commercial. The Europe, Asia and Latin America segment includes operations in United Kingdom, France, Central Eastern Europe, Asia & South America and Israel. The company’s business roots back to 1925 and was founded on April 16, 2009 and is headquartered in Concord, Canada.