Masonite International (NYSE:DOOR) Receives New Coverage from Analysts at StockNews.com

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

Several other brokerages also recently issued reports on DOOR. Wedbush reissued a neutral rating and issued a $133.00 price target on shares of Masonite International in a research note on Tuesday, February 20th. Stifel Nicolaus reissued a hold rating and issued a $133.00 target price (up from $119.00) on shares of Masonite International in a research report on Wednesday, February 21st. Oppenheimer started coverage on shares of Masonite International in a research report on Friday, January 19th. They issued an outperform rating and a $115.00 target price on the stock. TheStreet cut shares of Masonite International from a b rating to a c+ rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada raised their target price on shares of Masonite International from $87.00 to $133.00 and gave the stock a sector perform rating in a research report on Wednesday, February 21st. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $116.89.

Masonite International Price Performance

Shares of DOOR opened at $131.59 on Wednesday. Masonite International has a twelve month low of $76.87 and a twelve month high of $131.93. The stock’s 50 day moving average is $130.75 and its two-hundred day moving average is $103.58. The firm has a market capitalization of $2.89 billion, a PE ratio of 24.97, a P/E/G ratio of 6.92 and a beta of 1.64. The company has a current ratio of 2.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.22.

Masonite International (NYSE:DOOR) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.05). The firm had revenue of $660.58 million for the quarter, compared to analysts’ expectations of $659.87 million. Masonite International had a return on equity of 20.17% and a net margin of 4.18%. During the same period last year, the firm earned $1.72 EPS. Research analysts anticipate that Masonite International will post 9.48 earnings per share for the current year.

Insider Activity

In other news, insider Robert Paxton sold 721 shares of Masonite International 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 sale, the insider now owns 20,798 shares in the company, valued at $2,702,700.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP James C. Pelletier sold 262 shares of Masonite International stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Paxton sold 721 shares of Masonite International stock in a transaction on Thursday, February 22nd. The stock was 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 directly owns 20,798 shares of the company’s stock, valued at approximately $2,702,700.10. The disclosure for this sale can be found here. Insiders have sold 1,641 shares of company stock worth $213,329 over the last 90 days. Company insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Masonite International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Baker Ellis Asset Management LLC boosted its holdings in shares of Masonite International by 2.0% during the first quarter. Baker Ellis Asset Management LLC now owns 5,110 shares of the company’s stock valued at $672,000 after acquiring an additional 100 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Masonite International by 39.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock worth $45,000 after purchasing an additional 151 shares during the period. Barclays PLC lifted its holdings in Masonite International by 1.2% in the third quarter. Barclays PLC now owns 14,327 shares of the company’s stock worth $1,336,000 after purchasing an additional 172 shares during the period. Swiss National Bank lifted its holdings in Masonite International by 0.4% in the third quarter. Swiss National Bank now owns 46,177 shares of the company’s stock worth $4,305,000 after purchasing an additional 200 shares during the period. Finally, Signaturefd LLC lifted its holdings in Masonite International by 134.6% in the fourth quarter. Signaturefd LLC now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 97.07% of the company’s stock.

About Masonite International

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.