Masonite International Corp. (DOOR) Given Average Recommendation of “Buy” by Analysts
Masonite International Corp. (NYSE:DOOR) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $77.00.
A number of brokerages have recently issued reports on DOOR. Zacks Investment Research raised Masonite International Corp. from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Wednesday, October 12th. TheStreet lowered Masonite International Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, September 29th. FBR & Co reaffirmed a “buy” rating and set a $89.00 target price on shares of Masonite International Corp. in a research report on Wednesday, August 17th. Wedbush reaffirmed an “outperform” rating and set a $72.00 target price on shares of Masonite International Corp. in a research report on Friday, August 12th. Finally, Imperial Capital dropped their target price on Masonite International Corp. from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Friday, August 12th.
Shares of Masonite International Corp. (NYSE:DOOR) traded up 0.50% during mid-day trading on Tuesday, hitting $59.75. The company had a trading volume of 67,311 shares. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 84.99 and a beta of 1.05. The stock’s 50-day moving average is $63.47 and its 200-day moving average is $67.28. Masonite International Corp. has a 52-week low of $45.14 and a 52-week high of $72.75.
Masonite International Corp. (NYSE:DOOR) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.14. The company had revenue of $514 million for the quarter, compared to analysts’ expectations of $512.96 million. Masonite International Corp. had a return on equity of 12.97% and a net margin of 1.10%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Equities analysts forecast that Masonite International Corp. will post $2.97 earnings per share for the current year.
In related news, insider Robert Edgar Lewis sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $67.67, for a total value of $101,505.00. Following the completion of the sale, the insider now directly owns 24,140 shares of the company’s stock, valued at $1,633,553.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.42% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Masonite International Corp. by 1.8% in the second quarter. Vanguard Group Inc. now owns 2,055,631 shares of the company’s stock valued at $135,959,000 after buying an additional 36,203 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Masonite International Corp. by 38.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 819,513 shares of the company’s stock valued at $53,678,000 after buying an additional 228,600 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Masonite International Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 780,020 shares of the company’s stock valued at $51,091,000 after buying an additional 9,960 shares during the period. Advisory Research Inc. raised its position in Masonite International Corp. by 18.0% in the second quarter. Advisory Research Inc. now owns 768,298 shares of the company’s stock valued at $50,815,000 after buying an additional 117,062 shares during the period. Finally, State Street Corp raised its position in Masonite International Corp. by 50.6% in the first quarter. State Street Corp now owns 748,081 shares of the company’s stock valued at $49,001,000 after buying an additional 251,389 shares during the period. 99.92% of the stock is owned by institutional investors.
About Masonite International Corp.
Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.
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