Masonite International Corp. (DOOR) Rating Increased to Buy at Stifel Nicolaus
Masonite International Corp. (NYSE:DOOR) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Thursday.
Other equities analysts also recently issued research reports about the company. FBR & Co reiterated a “buy” rating and set a $89.00 price objective on shares of Masonite International Corp. in a research report on Wednesday, August 17th. Zacks Investment Research upgraded Masonite International Corp. from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Wednesday, October 12th. TheStreet downgraded Masonite International Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, September 29th. Wedbush reiterated an “outperform” rating and set a $72.00 price objective on shares of Masonite International Corp. in a research report on Wednesday, October 19th. Finally, Imperial Capital reduced 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Masonite International Corp. presently has an average rating of “Buy” and a consensus target price of $76.86.
Shares of Masonite International Corp. (NYSE:DOOR) opened at 62.20 on Thursday. The stock has a market capitalization of $1.90 billion, a PE ratio of 88.48 and a beta of 1.10. Masonite International Corp. has a one year low of $45.14 and a one year high of $72.75. The firm has a 50 day moving average price of $59.88 and a 200 day moving average price of $65.99.
Masonite International Corp. (NYSE:DOOR) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.18. Masonite International Corp. had a return on equity of 14.06% and a net margin of 3.54%. The firm had revenue of $489.65 million for the quarter, compared to the consensus estimate of $503.66 million. During the same quarter last year, the business posted ($0.53) earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. Analysts predict that Masonite International Corp. will post $2.95 earnings per share for the current fiscal year.
In other news, insider Robert Edgar Lewis sold 1,500 shares of Masonite International Corp. stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at this link. 2.42% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DOOR. Public Employees Retirement System of Ohio boosted its position in Masonite International Corp. by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 1,536 shares of the company’s stock valued at $102,000 after buying an additional 47 shares during the last quarter. Pacad Investment Ltd. bought a new position in Masonite International Corp. during the second quarter valued at approximately $106,000. Strs Ohio boosted its position in Masonite International Corp. by 17.6% in the second quarter. Strs Ohio now owns 2,000 shares of the company’s stock valued at $132,000 after buying an additional 300 shares during the last quarter. BlackRock Inc. boosted its position in Masonite International Corp. by 105.7% in the first quarter. BlackRock Inc. now owns 2,220 shares of the company’s stock valued at $146,000 after buying an additional 1,141 shares during the last quarter. Finally, Lorber David A bought a new position in Masonite International Corp. during the first quarter valued at approximately $152,000.
Masonite International Corp. Company Profile
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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