Masonite International Corp (NYSE:DOOR) – Research analysts at B. Riley boosted their FY2018 earnings estimates for Masonite International in a note issued to investors on Wednesday. B. Riley analyst A. Rygiel now forecasts that the company will post earnings of $4.16 per share for the year, up from their prior estimate of $3.95. B. Riley has a “Buy” rating and a $82.00 price objective on the stock.

Masonite International (NYSE:DOOR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. Masonite International had a return on equity of 14.38% and a net margin of 4.75%. The business had revenue of $517.50 million for the quarter, compared to analyst estimates of $509.04 million. During the same period in the previous year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis.

DOOR has been the topic of several other reports. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price target (up from $72.00) on shares of Masonite International in a research note on Thursday, November 9th. BidaskClub downgraded Masonite International from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 1st. Zacks Investment Research raised Masonite International from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Robert W. Baird reaffirmed a “buy” rating and set a $70.00 price objective on shares of Masonite International in a report on Sunday, September 17th. Finally, TheStreet raised Masonite International from a “c+” rating to a “b” rating in a report on Friday, November 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Masonite International presently has an average rating of “Hold” and a consensus target price of $76.60.

Masonite International (NYSE DOOR) opened at $74.00 on Thursday. Masonite International has a 12 month low of $50.40 and a 12 month high of $85.30. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.05 and a current ratio of 3.12. The stock has a market capitalization of $2,099.75, a PE ratio of 23.42 and a beta of 1.33.

In related news, Director John C. Wills sold 1,015 shares of Masonite International stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $72.70, for a total value of $73,790.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert Edgar Lewis sold 1,400 shares of Masonite International stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $70.52, for a total transaction of $98,728.00. Following the completion of the transaction, the insider now directly owns 22,518 shares in the company, valued at $1,587,969.36. The disclosure for this sale can be found here. Insiders sold a total of 4,015 shares of company stock valued at $288,263 over the last quarter. 2.19% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its position in Masonite International by 6.9% in the second quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock valued at $119,000 after buying an additional 101 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Masonite International by 18.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after purchasing an additional 258 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Masonite International by 1.4% during the second quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock worth $181,000 after purchasing an additional 34 shares during the period. Symphony Asset Management LLC acquired a new position in shares of Masonite International during the second quarter worth $200,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Masonite International in the third quarter valued at $221,000.

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About Masonite International

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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