Masonite International (NYSE:DOOR) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Masonite International (NYSE:DOOR) in a research note released on Thursday morning. The brokerage issued a hold rating on the stock.

Several other equities research analysts have also issued reports on the stock. Oppenheimer started coverage on shares of Masonite International in a research note on Friday, January 19th. They set an outperform rating and a $115.00 target price on the stock. Wedbush restated a neutral rating and issued a $133.00 price objective on shares of Masonite International in a research report on Tuesday, February 20th. Royal Bank of Canada upped their target price on Masonite International from $87.00 to $133.00 and gave the stock a sector perform rating in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a $133.00 price target (up previously from $115.00) on shares of Masonite International in a research note on Monday, February 12th. Finally, TheStreet cut shares of Masonite International from a b rating to a c+ rating in a research report on Tuesday, February 20th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $116.89.

Masonite International Stock Performance

Shares of NYSE DOOR opened at $132.70 on Thursday. The business has a fifty day moving average price of $131.14 and a 200 day moving average price of $106.20. Masonite International has a 1-year low of $76.87 and a 1-year high of $132.85. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.42 and a quick ratio of 1.42. The stock has a market capitalization of $2.92 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 7.00 and a beta of 1.63.

Masonite International (NYSE:DOOR) last released its earnings results 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 company had revenue of $660.58 million during the quarter, compared to analyst estimates of $659.87 million. During the same quarter last year, the business earned $1.72 earnings per share. Equities research analysts expect that Masonite International will post 10 EPS for the current fiscal year.

Insider Buying and Selling at Masonite International

In other Masonite International news, SVP James C. Pelletier sold 262 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total value of $34,075.72. Following the sale, the senior vice president now owns 12,739 shares of the company’s stock, valued at $1,656,834.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP James C. Pelletier sold 262 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,656,834.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher O. Ball sold 396 shares of Masonite International stock in a transaction on 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 sale, the insider now directly owns 13,263 shares of the company’s stock, valued at approximately $1,724,985.78. The disclosure for this sale can be found here. In the last three months, insiders 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 large investors have recently bought and sold shares of the company. Boston Partners raised its position in shares of Masonite International by 21.6% in the 3rd quarter. Boston Partners now owns 265,172 shares of the company’s stock valued at $24,200,000 after purchasing an additional 47,152 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Masonite International by 50.5% in the third quarter. Campbell & CO Investment Adviser LLC now owns 16,754 shares of the company’s stock valued at $1,562,000 after acquiring an additional 5,621 shares in the last quarter. First Eagle Investment Management LLC bought a new position in Masonite International during the 3rd quarter valued at $1,867,000. Qube Research & Technologies Ltd grew its holdings in Masonite International by 143.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 51,710 shares of the company’s stock worth $4,820,000 after acquiring an additional 30,512 shares in the last quarter. Finally, Brightline Capital Management LLC acquired a new position in Masonite International during the 3rd quarter worth $2,424,000. Institutional investors and hedge funds own 97.07% of the company’s stock.

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.