Masonite International (NYSE:DOOR) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Masonite International (NYSE:DOOR) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

A number of other equities research analysts also recently issued reports on DOOR. Oppenheimer assumed coverage on shares of Masonite International in a research report on Friday, January 19th. They issued an “outperform” rating and a $115.00 target price for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $133.00 target price (up previously from $119.00) on shares of Masonite International in a research report on Wednesday, February 21st. Robert W. Baird downgraded shares of Masonite International from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $106.00 to $92.00 in a research report on Tuesday, December 19th. Wedbush reiterated a “neutral” rating and issued a $133.00 target price on shares of Masonite International in a research report on Tuesday, February 20th. Finally, TheStreet downgraded shares of Masonite International from a “b” rating to a “c+” rating in a research report on Tuesday, February 20th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $116.89.

Masonite International Trading Down 0.4 %

Masonite International stock opened at $130.35 on Tuesday. The company has a 50 day moving average price of $128.52 and a 200 day moving average price of $101.85. Masonite International has a 52 week low of $76.87 and a 52 week high of $131.93. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.42 and a current ratio of 2.42. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 6.90 and a beta of 1.64.

Masonite International (NYSE:DOOR) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.05). Masonite International had a return on equity of 20.17% and a net margin of 4.18%. The firm had revenue of $660.58 million during the quarter, compared to analyst estimates of $659.87 million. During the same period in the prior year, the business posted $1.72 EPS. Research analysts forecast that Masonite International will post 9.48 EPS for the current year.

Insider Activity

In other news, SVP James C. Pelletier sold 262 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total transaction of $34,075.72. Following the transaction, the senior vice president now owns 12,739 shares in the company, valued at approximately $1,656,834.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Robert Paxton sold 721 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total value of $93,693.95. Following the transaction, the insider now directly owns 20,798 shares in the company, valued at approximately $2,702,700.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James C. Pelletier sold 262 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total transaction of $34,075.72. Following the completion of the transaction, the senior vice president now owns 12,739 shares in the company, valued at $1,656,834.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,641 shares of company stock worth $213,329. 1.21% of the stock is owned by corporate insiders.

Institutional Trading of Masonite International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Westwood Holdings Group Inc. boosted its position in shares of Masonite International by 41.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 865,855 shares of the company’s stock valued at $73,303,000 after acquiring an additional 253,981 shares in the last quarter. Norges Bank acquired a new stake in shares of Masonite International during the 4th quarter valued at about $18,809,000. Armistice Capital LLC acquired a new stake in shares of Masonite International during the 4th quarter valued at about $17,609,000. Fort Baker Capital Management LP acquired a new stake in shares of Masonite International during the 4th quarter valued at about $14,054,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Masonite International during the 3rd quarter valued at about $13,283,000. 97.07% of the stock is currently owned by institutional investors and hedge funds.

Masonite International Company Profile

Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors and door solutions for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers interior doors of wood and related materials, including wood composite molded and flat door facings; exterior doors of steel, fiberglass, or composite materials; and molded panel, flush, stile and rail, steel, and fiberglass residential doors; and architectural doors, as well as Z-articulating cap sill, ADAptive, and ultimate astragals,trilennium, simple solution corner pads, and panolock products.