Masonite International (NYSE:DOOR) Reaches New 52-Week High at $131.94

Shares of Masonite International Co. (NYSE:DOOR) hit a new 52-week high on Friday . The stock traded as high as $131.94 and last traded at $131.81, with a volume of 222512 shares traded. The stock had previously closed at $131.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Oppenheimer started coverage on Masonite International in a report on Friday, January 19th. They issued an “outperform” rating and a $115.00 target price for the company. Wedbush reissued a “neutral” rating and issued a $133.00 price target on shares of Masonite International in a research report on Tuesday, February 20th. TheStreet lowered Masonite International from a “b” rating to a “c+” rating in a research report on Tuesday, February 20th. StockNews.com started coverage on Masonite International in a research report on Wednesday. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $133.00 price target (up from $115.00) on shares of Masonite International in a research report on Monday, February 12th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $116.89.

Masonite International Stock Down 0.1 %

The company has a 50-day moving average of $130.86 and a 200-day moving average of $104.29. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 6.95 and a beta of 1.64. The company has a current ratio of 2.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.22.

Masonite International (NYSE:DOOR) last announced its earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.05). Masonite International had a net margin of 4.18% and a return on equity of 20.17%. The business had revenue of $660.58 million for the quarter, compared to analyst estimates of $659.87 million. During the same period in the prior year, the company earned $1.72 earnings per share. On average, equities analysts predict that Masonite International Co. will post 9.48 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Robert Paxton sold 721 shares of the stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company’s stock, valued at $2,702,700.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Robert Paxton sold 721 shares of the stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company’s stock, valued at $2,702,700.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher O. Ball sold 396 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total value of $51,503.76. Following the completion of the transaction, the insider now directly owns 13,263 shares in the company, valued at $1,724,985.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,641 shares of company stock valued at $213,329. Company insiders own 1.21% of the company’s stock.

Institutional Trading of Masonite International

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Masonite International by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 2,366,249 shares of the company’s stock worth $200,327,000 after buying an additional 120,448 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Masonite International by 41.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 865,855 shares of the company’s stock worth $73,303,000 after buying an additional 253,981 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Masonite International by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 780,024 shares of the company’s stock worth $66,038,000 after buying an additional 18,335 shares during the last quarter. Boston Partners boosted its stake in shares of Masonite International by 30.5% in the fourth quarter. Boston Partners now owns 345,974 shares of the company’s stock worth $29,688,000 after buying an additional 80,802 shares during the last quarter. Finally, London Co. of Virginia boosted its stake in shares of Masonite International by 1.1% in the third quarter. London Co. of Virginia now owns 332,697 shares of the company’s stock worth $31,014,000 after buying an additional 3,489 shares during the last quarter. Hedge funds and other institutional investors own 97.07% of the company’s stock.

About Masonite International

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.