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

StockNews.com started coverage on shares of Masonite International (NYSE:DOOR) in a research report released on Wednesday. The firm issued a hold rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft restated a hold rating and issued a $133.00 price target (up from $115.00) on shares of Masonite International in a report on Monday, February 12th. Royal Bank of Canada raised their price target on shares of Masonite International from $87.00 to $133.00 and gave the stock a sector perform rating in a report on Wednesday, February 21st. Wedbush restated a neutral rating and issued a $133.00 price target on shares of Masonite International in a report on Tuesday, February 20th. Stifel Nicolaus restated a hold rating and issued a $133.00 price target (up from $119.00) on shares of Masonite International in a report on Wednesday, February 21st. Finally, Oppenheimer assumed coverage on shares of 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $116.89.

Masonite International Trading Down 0.1 %

DOOR opened at $131.60 on Wednesday. Masonite International has a twelve month low of $76.87 and a twelve month high of $131.94. The company has a quick ratio of 1.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.22. The company has a fifty day moving average of $130.83 and a 200-day moving average of $103.97. The stock has a market cap of $2.89 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 6.95 and a beta of 1.64.

Masonite International (NYSE:DOOR) last posted 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). Masonite International had a return on equity of 20.17% and a net margin of 4.18%. The firm had revenue of $660.58 million for the quarter, compared to analyst estimates of $659.87 million. During the same quarter last year, the company earned $1.72 earnings per share. On average, sell-side analysts predict that Masonite International will post 9.48 EPS for the current year.

Insider Activity at Masonite International

In related news, SVP James C. Pelletier sold 262 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total transaction of $34,075.72. Following the completion of the sale, the senior vice president now owns 12,739 shares in the company, valued at $1,656,834.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Robert Paxton sold 721 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total transaction of $93,693.95. Following the completion of the transaction, the insider now owns 20,798 shares of the company’s stock, valued at $2,702,700.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP James C. Pelletier sold 262 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total transaction of $34,075.72. Following the transaction, the senior vice president now directly owns 12,739 shares of the company’s stock, valued at approximately $1,656,834.34. The disclosure for this sale can be found here. Insiders have sold 1,641 shares of company stock valued at $213,329 over the last ninety days. Corporate insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Masonite International

Several hedge funds have recently bought and sold shares of the company. Ronald Blue Trust Inc. lifted its position in Masonite International by 352.5% during the third quarter. Ronald Blue Trust Inc. now owns 267 shares of the company’s stock valued at $27,000 after purchasing an additional 208 shares during the last quarter. SG Americas Securities LLC bought a new stake in Masonite International during the 3rd quarter valued at $625,000. Bank of New York Mellon Corp increased its position in Masonite International by 5.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 108,242 shares of the company’s stock valued at $10,090,000 after purchasing an additional 5,729 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Masonite International by 14.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,075 shares of the company’s stock valued at $473,000 after purchasing an additional 647 shares during the period. Finally, Mackenzie Financial Corp purchased a new position in Masonite International during the 3rd quarter valued at $270,000. Hedge funds and other institutional investors own 97.07% of the company’s stock.

Masonite International Company Profile

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.