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

Research analysts at StockNews.com began coverage on shares of Masonite International (NYSE:DOOR – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “buy” rating on the stock.

DOOR has been the topic of a number of other reports. Stifel Nicolaus boosted their price objective on Masonite International from $97.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, December 19th. Royal Bank of Canada downgraded Masonite International from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $91.00 to $89.00 in a research note on Friday, January 13th. Robert W. Baird boosted their price objective on Masonite International from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Masonite International from $90.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, January 10th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

Masonite International Trading Down 4.0 %

NYSE DOOR opened at $84.66 on Thursday. The business’s 50-day moving average price is $88.35 and its two-hundred day moving average price is $79.56. Masonite International has a 12 month low of $65.71 and a 12 month high of $101.75. The firm has a market capitalization of $1.88 billion, a PE ratio of 9.02 and a beta of 1.59. The company has a current ratio of 3.33, a quick ratio of 2.17 and a debt-to-equity ratio of 1.17.

Masonite International (NYSE:DOOR – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The company reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.16). The business had revenue of $676.00 million during the quarter, compared to analyst estimates of $641.01 million. Masonite International had a net margin of 7.41% and a return on equity of 32.47%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.01 earnings per share. On average, analysts expect that Masonite International will post 8.17 EPS for the current year.

Insider Buying and Selling

In related news, Director Robert J. Byrne sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $90.58, for a total transaction of $226,450.00. Following the transaction, the director now directly owns 946 shares of the company’s stock, valued at approximately $85,688.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Institutional Trading of Masonite International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chartwell Investment Partners LLC bought a new stake in Masonite International during the 4th quarter worth approximately $5,323,000. PFS Investments Inc. grew its holdings in shares of Masonite International by 8.3% in the fourth quarter. PFS Investments Inc. now owns 3,094 shares of the company’s stock valued at $249,000 after acquiring an additional 237 shares in the last quarter. Maverick Capital Ltd. bought a new position in shares of Masonite International in the fourth quarter valued at approximately $260,000. Mariner LLC bought a new position in shares of Masonite International in the fourth quarter valued at approximately $216,000. Finally, Norges Bank bought a new position in shares of Masonite International in the fourth quarter valued at approximately $18,809,000. 98.67% of the stock is owned by institutional investors.

About Masonite International

(Get Rating)

Masonite International Corp. engages in the manufacture of interior and exterior doors for residential and architectural use. It operates through the following geographical segments: North American Residential, Europe, Architectural, and Corporate and Other. The Corporate and other segment includes unallocated corporate costs and the results of immaterial operating segments.