Masonite International Co. (NYSE:DOOR) Short Interest Update

Masonite International Co. (NYSE:DOORGet Rating) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 787,900 shares, a decrease of 19.4% from the March 31st total of 978,000 shares. Based on an average trading volume of 189,900 shares, the short-interest ratio is currently 4.1 days. Currently, 3.5% of the shares of the stock are short sold.

A number of research analysts have recently commented on DOOR shares. TheStreet cut shares of Masonite International from a “b” rating to a “c” rating in a report on Friday, February 18th. JPMorgan Chase & Co. dropped their price objective on shares of Masonite International from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, April 20th. Royal Bank of Canada cut their target price on shares of Masonite International from $153.00 to $142.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 23rd. initiated coverage on shares of Masonite International in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Stifel Nicolaus cut their price objective on Masonite International from $150.00 to $130.00 in a report on Wednesday, February 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Masonite International currently has a consensus rating of “Buy” and an average target price of $113.00.

Shares of Masonite International stock traded up $1.54 during midday trading on Tuesday, reaching $80.44. The company had a trading volume of 2,171 shares, compared to its average volume of 228,259. The stock’s fifty day moving average is $87.15. Masonite International has a fifty-two week low of $72.86 and a fifty-two week high of $131.38. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 20.87 and a beta of 1.71. The company has a current ratio of 2.95, a quick ratio of 2.05 and a debt-to-equity ratio of 1.24.

Masonite International (NYSE:DOORGet Rating) last issued its quarterly earnings results on Monday, February 21st. The company reported $2.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.03 by ($0.02). Masonite International had a return on equity of 27.40% and a net margin of 3.64%. The firm had revenue of $635.97 million during the quarter, compared to analyst estimates of $662.96 million. During the same quarter last year, the firm posted $1.26 EPS. Research analysts forecast that Masonite International will post 9.81 earnings per share for the current fiscal year.

In other Masonite International news, Director Jay Ira Steinfeld bought 1,000 shares of the business’s stock in a transaction on Thursday, February 24th. The stock was purchased at an average cost of $85.80 per share, for a total transaction of $85,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in Masonite International during the third quarter worth $27,000. Marshall Wace LLP bought a new position in Masonite International in the first quarter worth approximately $37,000. Marshall Wace North America L.P. grew its stake in Masonite International by 85.5% in the first quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock valued at $72,000 after acquiring an additional 664 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in shares of Masonite International during the first quarter valued at approximately $84,000. Finally, FourThought Financial LLC raised its position in shares of Masonite International by 19.5% during the third quarter. FourThought Financial LLC now owns 1,036 shares of the company’s stock worth $109,000 after purchasing an additional 169 shares during the period.

About Masonite International (Get Rating)

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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