StockNews.com Initiates Coverage on Masonite International (NYSE:DOOR)

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

Several other equities research analysts also recently commented on the company. Stifel Nicolaus reaffirmed a hold rating and set a $133.00 target price (up from $119.00) on shares of Masonite International in a report on Wednesday, February 21st. TheStreet downgraded Masonite International from a b rating to a c+ rating in a report on Tuesday, February 20th. Oppenheimer started coverage on Masonite International in a report on Friday, January 19th. They set an outperform rating and a $115.00 target price for the company. Robert W. Baird downgraded Masonite International from an outperform rating to a neutral rating and reduced their target price for the company from $106.00 to $92.00 in a report on Tuesday, December 19th. Finally, Wedbush reaffirmed a neutral rating and set a $133.00 target price on shares of Masonite International in a report on Tuesday, February 20th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $116.89.

Masonite International Trading Up 0.2 %

Shares of Masonite International stock opened at $130.58 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.22. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 6.90 and a beta of 1.64. The business has a fifty day simple moving average of $129.26 and a 200-day simple moving average of $102.11. Masonite International has a fifty-two week low of $76.87 and a fifty-two week high of $131.93.

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

Insider Transactions at Masonite International

In other news, insider Robert Paxton sold 721 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total transaction of $93,693.95. Following the completion of the sale, the insider now directly owns 20,798 shares of the company’s stock, valued at approximately $2,702,700.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Masonite International news, insider Christopher O. Ball sold 396 shares of Masonite International 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 directly owns 13,263 shares of the company’s stock, valued at approximately $1,724,985.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert Paxton sold 721 shares of Masonite International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total value of $93,693.95. Following the completion of the transaction, the insider now directly owns 20,798 shares in the company, valued at $2,702,700.10. The disclosure for this sale can be found here. Insiders sold 1,641 shares of company stock valued at $213,329 in the last three months. Corporate insiders own 1.21% of the company’s stock.

Institutional Trading of Masonite International

Several institutional investors have recently modified their holdings of DOOR. NBC Securities Inc. acquired a new stake in Masonite International in the 3rd quarter valued at $25,000. Ronald Blue Trust Inc. boosted its stake in Masonite International by 352.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 267 shares of the company’s stock valued at $27,000 after buying an additional 208 shares in the last quarter. Signaturefd LLC boosted its stake in Masonite International by 134.6% in the 4th quarter. Signaturefd LLC now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 206 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in Masonite International in the 3rd quarter valued at $32,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Masonite International in the 4th quarter valued at $34,000. 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.