Masonite International (NYSE:DOOR) PT Raised to $72.00 at Robert W. Baird

Masonite International (NYSE:DOOR) had its target price upped by Robert W. Baird from $64.00 to $72.00 in a note issued to investors on Monday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price target would indicate a potential downside of 7.43% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Masonite International from $52.00 to $68.00 in a report on Thursday, May 7th. Nomura Securities raised their price objective on shares of Masonite International from $57.00 to $69.00 and gave the company a “buy” rating in a report on Friday, April 17th. Nomura raised their price objective on shares of Masonite International from $69.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 8th. TheStreet upgraded shares of Masonite International from a “c+” rating to a “b” rating in a report on Wednesday, May 27th. Finally, Zacks Investment Research raised shares of Masonite International from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Masonite International has a consensus rating of “Buy” and a consensus target price of $82.09.

DOOR stock opened at $77.78 on Monday. The stock has a market capitalization of $1.75 billion, a P/E ratio of 27.78 and a beta of 1.72. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.52. Masonite International has a 12 month low of $34.88 and a 12 month high of $89.21. The firm has a 50-day moving average price of $67.92 and a 200-day moving average price of $66.43.

Masonite International (NYSE:DOOR) last posted its earnings results on Tuesday, May 5th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.62. The firm had revenue of $551.23 million during the quarter, compared to analysts’ expectations of $521.66 million. Masonite International had a net margin of 3.22% and a return on equity of 16.83%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. As a group, equities analysts predict that Masonite International will post 2.69 EPS for the current fiscal year.

In other news, insider Robert Paxton sold 3,195 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $71.36, for a total transaction of $227,995.20. Following the completion of the sale, the insider now owns 13,491 shares of the company’s stock, valued at approximately $962,717.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.49% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. First Republic Investment Management Inc. grew its position in shares of Masonite International by 1.6% during the 4th quarter. First Republic Investment Management Inc. now owns 13,362 shares of the company’s stock worth $965,000 after buying an additional 215 shares during the period. Amalgamated Bank grew its position in shares of Masonite International by 7.9% during the 4th quarter. Amalgamated Bank now owns 4,617 shares of the company’s stock worth $333,000 after buying an additional 340 shares during the period. Swiss National Bank grew its position in shares of Masonite International by 0.8% during the 1st quarter. Swiss National Bank now owns 48,277 shares of the company’s stock worth $2,291,000 after buying an additional 400 shares during the period. Rhumbline Advisers grew its position in shares of Masonite International by 1.4% during the 4th quarter. Rhumbline Advisers now owns 33,791 shares of the company’s stock worth $2,440,000 after buying an additional 476 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Masonite International by 30.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,082 shares of the company’s stock worth $99,000 after buying an additional 486 shares during the period. 97.44% of the stock is owned by institutional investors.

About Masonite International

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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Analyst Recommendations for Masonite International (NYSE:DOOR)

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