Masonite International (NYSE:DOOR) had its price objective cut by Robert W. Baird from $72.00 to $70.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 27.09% from the company’s current price.
Several other research firms have also issued reports on DOOR. ValuEngine raised Masonite International from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Zacks Investment Research raised Masonite International from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. B. Riley reduced their target price on Masonite International from $86.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, August 13th. TheStreet lowered Masonite International from a “b” rating to a “c+” rating in a report on Wednesday, August 22nd. Finally, Royal Bank of Canada set a $76.00 target price on Masonite International and gave the stock a “buy” rating in a report on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $69.14.
DOOR opened at $55.08 on Thursday. The firm has a market cap of $1.49 billion, a PE ratio of 16.54 and a beta of 1.28. Masonite International has a 52-week low of $51.15 and a 52-week high of $75.95. The company has a current ratio of 2.51, a quick ratio of 1.54 and a debt-to-equity ratio of 0.88.
Masonite International (NYSE:DOOR) last released its earnings results on Tuesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.02). The company had revenue of $557.00 million for the quarter, compared to analyst estimates of $559.88 million. Masonite International had a return on equity of 14.63% and a net margin of 7.08%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share. Equities analysts forecast that Masonite International will post 4.02 earnings per share for the current year.
In related news, insider Robert Edgar Lewis sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $66.44, for a total value of $298,980.00. Following the sale, the insider now directly owns 16,786 shares of the company’s stock, valued at $1,115,261.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George A. Lorch sold 12,800 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $68.64, for a total value of $878,592.00. Following the completion of the sale, the director now directly owns 22,832 shares in the company, valued at $1,567,188.48. The disclosure for this sale can be found here. Company insiders own 2.19% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC boosted its stake in Masonite International by 1.9% in the third quarter. Pzena Investment Management LLC now owns 1,021,286 shares of the company’s stock valued at $65,464,000 after buying an additional 19,238 shares in the last quarter. Globeflex Capital L P boosted its stake in Masonite International by 51.7% in the third quarter. Globeflex Capital L P now owns 11,092 shares of the company’s stock valued at $711,000 after buying an additional 3,778 shares in the last quarter. BBT Capital Management LLC acquired a new stake in Masonite International in the third quarter valued at about $1,116,000. Jennison Associates LLC acquired a new stake in Masonite International in the third quarter valued at about $492,000. Finally, Systematic Financial Management LP boosted its stake in Masonite International by 13.9% in the third quarter. Systematic Financial Management LP now owns 84,825 shares of the company’s stock valued at $5,437,000 after buying an additional 10,350 shares in the last quarter. 96.21% of the stock is currently owned by institutional investors and hedge funds.
Masonite International Company Profile
Masonite International Corporation designs, manufactures, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.
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