Masonite International Co. (NYSE:DOOR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Masonite International Co. (NYSE:DOORGet Rating) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $106.43.

DOOR has been the topic of several research reports. StockNews.com lowered Masonite International from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Robert W. Baird increased their target price on Masonite International from $110.00 to $115.00 in a research note on Wednesday, May 10th. Royal Bank of Canada upped their price target on Masonite International from $95.00 to $105.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 10th. Finally, Stifel Nicolaus increased their price objective on Masonite International from $102.00 to $115.00 in a report on Wednesday, May 10th.

Insider Transactions at Masonite International

In other news, Director Robert J. Byrne sold 2,500 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $90.58, for a total value of $226,450.00. Following the completion of the sale, the director now owns 946 shares of the company’s stock, valued at $85,688.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert J. Byrne sold 2,500 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $90.58, for a total value of $226,450.00. Following the completion of the transaction, the director now owns 946 shares of the company’s stock, valued at $85,688.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander Albert Legall sold 1,700 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $92.01, for a total value of $156,417.00. Following the completion of the transaction, the insider now directly owns 3,257 shares of the company’s stock, valued at approximately $299,676.57. The disclosure for this sale can be found here. Company insiders own 1.21% of the company’s stock.

Institutional Trading of Masonite International

Institutional investors and hedge funds have recently bought and sold shares of the company. Brandywine Global Investment Management LLC raised its position in shares of Masonite International by 2.8% during the 1st quarter. Brandywine Global Investment Management LLC now owns 31,624 shares of the company’s stock worth $2,871,000 after purchasing an additional 856 shares during the period. JPMorgan Chase & Co. raised its position in shares of Masonite International by 1.2% during the 1st quarter. JPMorgan Chase & Co. now owns 39,560 shares of the company’s stock worth $3,592,000 after purchasing an additional 486 shares during the period. Hudson Bay Capital Management LP acquired a new stake in shares of Masonite International during the 1st quarter worth approximately $3,193,000. Jane Street Group LLC acquired a new stake in shares of Masonite International during the 1st quarter worth approximately $339,000. Finally, State Street Corp raised its position in shares of Masonite International by 4.0% during the 1st quarter. State Street Corp now owns 461,720 shares of the company’s stock worth $41,910,000 after purchasing an additional 17,711 shares during the period. Institutional investors and hedge funds own 98.67% of the company’s stock.

Masonite International Stock Down 0.8 %

Shares of DOOR opened at $90.14 on Friday. The stock has a 50 day moving average price of $89.88 and a 200 day moving average price of $85.16. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 10.98 and a beta of 1.60. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.10 and a current ratio of 3.39. Masonite International has a one year low of $65.71 and a one year high of $101.72.

Masonite International (NYSE:DOORGet Rating) last released its quarterly earnings data on Monday, May 8th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.30. The company had revenue of $726.00 million for the quarter, compared to analyst estimates of $688.20 million. Masonite International had a return on equity of 27.22% and a net margin of 6.40%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.89 earnings per share. Equities research analysts forecast that Masonite International will post 7.99 earnings per share for the current fiscal year.

Masonite International Company Profile

(Get Rating)

Masonite International Corp. engages in the manufacture of interior and exterior doors for residential and architectural use. It operates through the following geographical segments: North American Residential, Europe, Architectural, and Corporate and Other. The Corporate and other segment includes unallocated corporate costs and the results of immaterial operating segments.

Further Reading

Analyst Recommendations for Masonite International (NYSE:DOOR)

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