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

Shares of Masonite International Co. (NYSE:DOORGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $101.88.

Several equities analysts recently weighed in on the company. Stifel Nicolaus cut their price target on Masonite International from $123.00 to $116.00 and set a “buy” rating for the company in a research note on Thursday, November 9th. Stephens lowered Masonite International from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $130.00 to $93.00 in a research note on Thursday, November 9th. Royal Bank of Canada cut their price objective on Masonite International from $106.00 to $87.00 and set a “sector perform” rating for the company in a research note on Thursday, November 9th. StockNews.com upgraded Masonite International from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Benchmark cut their price objective on Masonite International from $133.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, November 10th.

Get Our Latest Report on DOOR

Insider Transactions at Masonite International

In related news, Director Jay Ira Steinfeld bought 600 shares of the stock in a transaction dated Friday, November 10th. The shares were acquired at an average cost of $81.97 per share, for a total transaction of $49,182.00. Following the acquisition, the director now directly owns 6,217 shares in the company, valued at approximately $509,607.49. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Masonite International by 4.3% in the second quarter. BlackRock Inc. now owns 1,560,490 shares of the company’s stock valued at $159,857,000 after acquiring an additional 64,806 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Masonite International by 11.6% in the second quarter. Franklin Resources Inc. now owns 1,222,091 shares of the company’s stock valued at $125,191,000 after acquiring an additional 127,318 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Masonite International by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 754,952 shares of the company’s stock valued at $77,339,000 after acquiring an additional 11,339 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Masonite International by 23.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 607,079 shares of the company’s stock valued at $53,994,000 after acquiring an additional 113,896 shares during the last quarter. Finally, State Street Corp lifted its holdings in Masonite International by 6.2% in the second quarter. State Street Corp now owns 490,239 shares of the company’s stock valued at $50,220,000 after acquiring an additional 28,519 shares during the last quarter.

Masonite International Price Performance

Shares of Masonite International stock opened at $93.28 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.97 and a debt-to-equity ratio of 1.24. Masonite International has a twelve month low of $76.87 and a twelve month high of $109.58. The business has a 50-day moving average price of $89.03 and a 200 day moving average price of $92.37. The firm has a market cap of $2.04 billion, a PE ratio of 13.12, a P/E/G ratio of 1.75 and a beta of 1.61.

Masonite International (NYSE:DOORGet Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.08). Masonite International had a net margin of 5.60% and a return on equity of 22.14%. The business had revenue of $702.25 million during the quarter, compared to analysts’ expectations of $711.21 million. During the same quarter in the prior year, the firm earned $2.53 EPS. Masonite International’s revenue for the quarter was down 3.5% on a year-over-year basis. Sell-side analysts predict that Masonite International will post 7.56 earnings per share for the current fiscal year.

About Masonite International

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Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers molded panel, flush, stile and rail, steel, and fiberglass residential doors, as well as medium-density fiberboard (MDF) and architectural interior doors.

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Analyst Recommendations for Masonite International (NYSE:DOOR)

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