Masonite International Co. (NYSE:DOOR) Given Average Rating of “Hold” by Brokerages

Shares of Masonite International Co. (NYSE:DOOR) have earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $116.89.

Several research firms have issued reports on DOOR. Royal Bank of Canada increased their target price on Masonite International from $87.00 to $133.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. Oppenheimer started coverage on Masonite International in a research report on Friday, January 19th. They set an “outperform” rating and a $115.00 price target on the stock. Stifel Nicolaus restated a “hold” rating and issued a $133.00 price objective (up from $119.00) on shares of Masonite International in a research report on Wednesday, February 21st. Wedbush reaffirmed a “neutral” rating and set a $133.00 target price on shares of Masonite International in a report on Tuesday, February 20th. Finally, StockNews.com began coverage on shares of Masonite International in a research note on Thursday, May 2nd. They issued a “hold” rating on the stock.

Masonite International Stock Down 0.0 %

Shares of NYSE:DOOR opened at $132.67 on Friday. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 6.64 and a beta of 1.63. 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 business’s 50-day moving average is $131.24 and its 200-day moving average is $106.93. Masonite International has a 1 year low of $76.87 and a 1 year high of $132.85.

Masonite International (NYSE:DOOR) last released its quarterly earnings data on Monday, May 6th. The company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.76). The company had revenue of $668.34 million for 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%. Masonite International’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.88 EPS. Equities research analysts predict that Masonite International will post 10 earnings per share for the current year.

Insider Activity at Masonite International

In other Masonite International news, insider Christopher O. Ball sold 396 shares of the firm’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 value of $51,503.76. Following the completion of the transaction, the insider now owns 13,263 shares of the company’s stock, valued at approximately $1,724,985.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Robert Paxton sold 721 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total value 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 $2,702,700.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 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 disclosure for this sale can be found here. In the last quarter, insiders sold 1,641 shares of company stock worth $213,329. Insiders own 1.21% of the company’s stock.

Institutional Trading of Masonite International

Several institutional investors and hedge funds have recently modified their holdings of the business. Central Pacific Bank Trust Division purchased a new position in shares of Masonite International during the 1st quarter worth about $368,000. Fifth Lane Capital LP purchased a new position in Masonite International during the first quarter worth approximately $952,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Masonite International in the 1st quarter valued at $6,796,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Masonite International during the 1st quarter valued at $1,332,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Masonite International during the 1st quarter worth $32,000. Hedge funds and other institutional investors own 97.07% of the company’s stock.

About Masonite International

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.