Royal Bank Of Canada reaffirmed their outperform rating on shares of Masonite International Corporation (NYSE:DOOR) in a research report report published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a $74.00 target price on the stock, up from their previous target price of $72.00.
DOOR has been the subject of several other research reports. Wedbush lowered Masonite International Corporation from an outperform rating to a neutral rating and set a $70.00 target price for the company. in a research report on Tuesday, October 3rd. BidaskClub lowered Masonite International Corporation from a sell rating to a strong sell rating in a research report on Friday, October 13th. Zacks Investment Research raised Masonite International Corporation from a hold rating to a buy rating and set a $86.00 price objective for the company in a research report on Monday, July 24th. Instinet reaffirmed a buy rating and set a $77.00 price objective (down previously from $86.00) on shares of Masonite International Corporation in a research report on Thursday, August 10th. Finally, Nomura set a $77.00 price objective on Masonite International Corporation and gave the company a buy rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Masonite International Corporation currently has an average rating of Hold and a consensus target price of $76.20.
Shares of Masonite International Corporation (DOOR) traded down $0.10 during trading hours on Thursday, hitting $70.80. The stock had a trading volume of 224,400 shares, compared to its average volume of 231,334. Masonite International Corporation has a 12-month low of $50.40 and a 12-month high of $85.30. The company has a market cap of $2,015.76, a price-to-earnings ratio of 21.99 and a beta of 1.29. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.12 and a quick ratio of 2.05.
Masonite International Corporation (NYSE:DOOR) last announced its earnings results on Tuesday, November 7th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.08. Masonite International Corporation had a return on equity of 14.38% and a net margin of 4.75%. The firm had revenue of $517.50 million during the quarter, compared to analyst estimates of $509.04 million. During the same quarter in the prior year, the company earned $0.89 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. analysts forecast that Masonite International Corporation will post 3.47 earnings per share for the current fiscal year.
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In other Masonite International Corporation news, Director Robert J. Byrne bought 1,500 shares of Masonite International Corporation stock in a transaction on Wednesday, August 16th. The stock was acquired at an average price of $60.81 per share, with a total value of $91,215.00. Following the acquisition, the director now owns 9,633 shares in the company, valued at $585,782.73. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.19% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of DOOR. Public Employees Retirement System of Ohio increased its holdings in shares of Masonite International Corporation by 6.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock worth $119,000 after purchasing an additional 101 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Masonite International Corporation by 18.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after purchasing an additional 258 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Masonite International Corporation by 1.4% in the 2nd quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock worth $181,000 after purchasing an additional 34 shares in the last quarter. Symphony Asset Management LLC bought a new stake in shares of Masonite International Corporation in the 2nd quarter worth $200,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Masonite International Corporation in the 3rd quarter worth $221,000. 98.76% of the stock is owned by institutional investors and hedge funds.
About Masonite International Corporation
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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