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

StockNews.com began coverage on shares of Masonite International (NYSE:DOORFree Report) in a report released on Sunday. The brokerage issued a hold rating on the stock.

DOOR has been the topic of several other research reports. Stifel Nicolaus reaffirmed a hold rating and issued a $133.00 price target (up previously from $119.00) on shares of Masonite International in a research note on Wednesday, February 21st. Royal Bank of Canada boosted their price target on Masonite International from $87.00 to $133.00 and gave the company a sector perform rating in a research note on Wednesday, February 21st. TheStreet lowered Masonite International from a b rating to a c+ rating in a research note on Tuesday, February 20th. Wedbush reissued a neutral rating and issued a $133.00 price objective on shares of Masonite International in a research note on Tuesday, February 20th. Finally, Oppenheimer began coverage on Masonite International in a research note on Friday, January 19th. They issued an outperform rating and a $115.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $116.89.

View Our Latest Report on DOOR

Masonite International Price Performance

Shares of NYSE:DOOR opened at $131.21 on Friday. Masonite International has a 1-year low of $76.87 and a 1-year high of $131.93. The firm has a market capitalization of $2.88 billion, a PE ratio of 24.90, a PEG ratio of 2.48 and a beta of 1.64. The business’s 50 day moving average is $121.53 and its 200-day moving average is $99.46. The company has a current ratio of 2.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.22.

Masonite International (NYSE:DOORGet Free Report) 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 for the quarter, compared to analyst estimates of $659.87 million. Masonite International had a return on equity of 20.17% and a net margin of 4.18%. During the same period in the previous year, the business posted $1.72 EPS. Sell-side analysts predict that Masonite International will post 9.08 earnings per share for the current year.

Insider Transactions at Masonite International

In related news, insider Christopher O. Ball sold 396 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total value of $51,503.76. Following the completion of the sale, the insider now owns 13,263 shares in the company, valued at $1,724,985.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Christopher O. Ball sold 396 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total value of $51,503.76. Following the completion of the sale, the insider now owns 13,263 shares in the company, valued at $1,724,985.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Paxton sold 721 shares of the company’s stock in a transaction dated 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 owns 20,798 shares of the company’s stock, valued at approximately $2,702,700.10. The disclosure for this sale can be found here. Insiders sold a total of 1,641 shares of company stock worth $213,329 over the last 90 days. 1.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOOR. Raymond James & Associates grew its stake in Masonite International by 5.7% in the first quarter. Raymond James & Associates now owns 19,890 shares of the company’s stock valued at $1,769,000 after acquiring an additional 1,081 shares during the period. PNC Financial Services Group Inc. grew its stake in Masonite International by 38.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,038 shares of the company’s stock valued at $270,000 after acquiring an additional 842 shares during the period. AlphaCrest Capital Management LLC acquired a new position in Masonite International in the first quarter valued at about $235,000. MetLife Investment Management LLC grew its stake in Masonite International by 55.5% in the first quarter. MetLife Investment Management LLC now owns 13,007 shares of the company’s stock valued at $1,157,000 after acquiring an additional 4,641 shares during the period. Finally, Rhumbline Advisers grew its stake in Masonite International by 1.2% in the first quarter. Rhumbline Advisers now owns 23,924 shares of the company’s stock valued at $2,128,000 after acquiring an additional 272 shares during the period. 97.07% of the stock is owned by institutional investors and hedge funds.

About Masonite International

(Get Free Report)

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.

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Analyst Recommendations for Masonite International (NYSE:DOOR)

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