Masonite International (NYSE:DOOR) Reaches New 52-Week High at $131.94

Shares of Masonite International Co. (NYSE:DOOR) hit a new 52-week high during trading on Friday . The company traded as high as $131.94 and last traded at $131.81, with a volume of 222512 shares. The stock had previously closed at $131.75.

Analyst Ratings Changes

A number of research firms have issued reports on DOOR. TheStreet downgraded Masonite International from a “b” rating to a “c+” rating in a report on Tuesday, February 20th. StockNews.com began coverage on Masonite International in a report on Wednesday. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $133.00 price objective (up previously from $115.00) on shares of Masonite International in a report on Monday, February 12th. Wedbush reiterated a “neutral” rating and issued a $133.00 price objective on shares of Masonite International in a report on Tuesday, February 20th. Finally, Royal Bank of Canada increased their price objective on Masonite International from $87.00 to $133.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 21st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Masonite International currently has a consensus rating of “Hold” and a consensus price target of $116.89.

Masonite International Price Performance

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 firm has a fifty day moving average price of $130.86 and a two-hundred day moving average price of $104.29. The stock has a market capitalization of $2.89 billion, a P/E ratio of 24.97, a P/E/G ratio of 6.95 and a beta of 1.64.

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

Insider Activity at Masonite International

In related news, insider Robert Paxton sold 721 shares of the 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 sale, the insider now directly owns 20,798 shares of the company’s stock, valued at $2,702,700.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Masonite International news, SVP James C. Pelletier sold 262 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total value of $34,075.72. Following the transaction, the senior vice president now directly owns 12,739 shares of the company’s stock, valued at $1,656,834.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Paxton sold 721 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total value of $93,693.95. Following the completion of the transaction, the insider now directly owns 20,798 shares in the company, valued at $2,702,700.10. 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. Insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners boosted its position in Masonite International by 21.6% in the third quarter. Boston Partners now owns 265,172 shares of the company’s stock worth $24,200,000 after purchasing an additional 47,152 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in shares of Masonite International by 50.5% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 16,754 shares of the company’s stock valued at $1,562,000 after buying an additional 5,621 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Masonite International during the 3rd quarter valued at about $1,867,000. Qube Research & Technologies Ltd lifted its position in shares of Masonite International by 143.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 51,710 shares of the company’s stock valued at $4,820,000 after buying an additional 30,512 shares in the last quarter. Finally, Brightline Capital Management LLC purchased a new position in shares of Masonite International during the 3rd quarter valued at about $2,424,000. 97.07% of the stock is owned by hedge funds and other institutional investors.

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.