Masonite International (NYSE:DOOR) Coverage Initiated by Analysts at StockNews.com

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

Other analysts have also issued research reports about the stock. Royal Bank of Canada boosted their price target on shares of Masonite International from $87.00 to $133.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 21st. TheStreet lowered shares of Masonite International from a “b” rating to a “c+” rating in a report on Tuesday, February 20th. Wedbush reiterated a “neutral” rating and set a $133.00 price target on shares of Masonite International in a research note on Tuesday, February 20th. Stifel Nicolaus reissued a “hold” rating and issued a $133.00 price objective (up from $119.00) on shares of Masonite International in a research note on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $133.00 target price (up previously from $115.00) on shares of Masonite International in a research report on Monday, February 12th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Masonite International has a consensus rating of “Hold” and an average target price of $116.89.

Masonite International Stock Performance

Shares of DOOR opened at $132.66 on Friday. Masonite International has a one year low of $76.87 and a one year high of $132.85. The company has a market cap of $2.92 billion, a PE ratio of 21.06, a P/E/G ratio of 6.64 and a beta of 1.63. The stock has a 50-day moving average of $131.34 and a 200-day moving average of $107.29. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.42 and a quick ratio of 1.42.

Masonite International (NYSE:DOOR) last announced its quarterly earnings results on Monday, May 6th. The company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.76). The firm had revenue of $668.34 million during the quarter, compared to the consensus estimate of $715.38 million. Masonite International had a return on equity of 20.17% and a net margin of 4.18%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.88 EPS. On average, equities research analysts predict that Masonite International will post 10 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 transaction of $51,503.76. Following the completion of the transaction, the insider now owns 13,263 shares in the company, valued at $1,724,985.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Christopher O. Ball sold 396 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total value of $51,503.76. Following the transaction, the insider now owns 13,263 shares in the company, valued at $1,724,985.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP James C. Pelletier sold 262 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total value of $34,075.72. Following the completion of the sale, the senior vice president now directly owns 12,739 shares of the company’s stock, valued at $1,656,834.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,641 shares of company stock worth $213,329. 1.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Masonite International

Several institutional investors have recently added to or reduced their stakes in DOOR. Allspring Global Investments Holdings LLC bought a new stake in shares of Masonite International in the first quarter valued at approximately $32,000. NBC Securities Inc. purchased a new position in Masonite International in the 3rd quarter valued at approximately $25,000. Signaturefd LLC raised its holdings in Masonite International by 134.6% during the 4th quarter. Signaturefd LLC now owns 359 shares of the company’s stock valued at $30,000 after acquiring an additional 206 shares during the period. Daiwa Securities Group Inc. purchased a new stake in shares of Masonite International during the fourth quarter worth $34,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Masonite International by 39.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock worth $45,000 after acquiring an additional 151 shares during the period. 97.07% of the stock is owned by hedge funds and other institutional investors.

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.