Masonite International (NYSE:DOOR) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Masonite International (NYSE:DOOR) in a research report issued on Wednesday. The firm set a “hold” rating on the stock.

Several other equities analysts also recently issued reports on the stock. Oppenheimer began coverage on shares of Masonite International in a research note on Friday, January 19th. They set an “outperform” rating and a $115.00 price objective on the stock. TheStreet downgraded shares of Masonite International from a “b” rating to a “c+” rating in a research note on Tuesday, February 20th. Royal Bank of Canada increased their price target on shares of Masonite International from $87.00 to $133.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. Stifel Nicolaus reaffirmed a “hold” rating and set a $133.00 price target (up previously from $119.00) on shares of Masonite International in a research note on Wednesday, February 21st. Finally, Wedbush reaffirmed a “neutral” rating and set a $133.00 price target on shares of Masonite International in a research note on Tuesday, February 20th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $116.89.

Masonite International Price Performance

Shares of NYSE DOOR opened at $131.26 on Wednesday. Masonite International has a 12-month low of $76.87 and a 12-month high of $131.93. The company has a market capitalization of $2.89 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 6.93 and a beta of 1.64. 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 firm’s 50-day moving average is $130.75 and its two-hundred day moving average is $103.58.

Masonite International (NYSE:DOOR) last announced its quarterly earnings data 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). The firm had revenue of $660.58 million for the quarter, compared to analysts’ expectations of $659.87 million. Masonite International had a net margin of 4.18% and a return on equity of 20.17%. During the same period in the previous year, the company posted $1.72 EPS. Equities analysts anticipate that Masonite International will post 9.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other Masonite International news, insider Robert Paxton sold 721 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total transaction of $93,693.95. Following the completion of the transaction, the insider now directly owns 20,798 shares of the company’s stock, valued at approximately $2,702,700.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Christopher O. Ball sold 396 shares of the firm’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 $51,503.76. Following the transaction, the insider now directly owns 13,263 shares in the company, valued at approximately $1,724,985.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the insider now owns 20,798 shares in the company, valued at $2,702,700.10. The disclosure for this sale can be found here. Insiders sold a total of 1,641 shares of company stock valued at $213,329 in the last ninety days. Corporate insiders own 1.21% of the company’s stock.

Institutional Trading of Masonite International

Several hedge funds have recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in Masonite International during the 3rd quarter valued at about $25,000. Ronald Blue Trust Inc. increased its stake in Masonite International by 352.5% during 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 during the period. Signaturefd LLC increased its stake 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 buying an additional 206 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Masonite International during the 1st quarter valued at about $32,000. Finally, Daiwa Securities Group Inc. acquired a new position in Masonite International during the 4th quarter valued at about $34,000. 97.07% of the stock is currently owned by 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.