Masonite International (NYSE:DOOR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Masonite International (NYSE:DOOR) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

Several other brokerages have also issued reports on DOOR. Robert W. Baird lowered Masonite International from an outperform rating to a neutral rating and lowered their target price for the company from $106.00 to $92.00 in a research note on Tuesday, December 19th. Stifel Nicolaus reiterated a hold rating and set a $133.00 target price (up previously from $119.00) on shares of Masonite International in a research report on Wednesday, February 21st. Wedbush reissued a neutral rating and issued a $133.00 price target on shares of Masonite International in a research report on Tuesday, February 20th. Royal Bank of Canada raised their price objective on shares of Masonite International from $87.00 to $133.00 and gave the stock a sector perform rating in a report on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a $133.00 price objective (up from $115.00) on shares of Masonite International in a research note on Monday, February 12th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of $116.89.

Masonite International Price Performance

DOOR opened at $131.15 on Tuesday. Masonite International has a fifty-two week low of $76.87 and a fifty-two week high of $131.93. The firm has a 50-day moving average of $130.68 and a 200 day moving average of $102.52. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.42 and a current ratio of 2.42. The firm has a market cap of $2.88 billion, a P/E ratio of 24.89, a PEG ratio of 6.89 and a beta of 1.64.

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

Insider Transactions at Masonite International

In related news, SVP James C. Pelletier sold 262 shares of Masonite International stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total transaction of $34,075.72. Following the completion of the sale, the senior vice president now owns 12,739 shares of the company’s stock, valued at $1,656,834.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Christopher O. Ball sold 396 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total value of $51,503.76. Following the transaction, the insider now owns 13,263 shares of the company’s stock, valued at approximately $1,724,985.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP James C. Pelletier sold 262 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total transaction of $34,075.72. Following the sale, the senior vice president now owns 12,739 shares in the company, valued at approximately $1,656,834.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,641 shares of company stock valued at $213,329. 1.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Masonite International

A number of large investors have recently added to or reduced their stakes in DOOR. Legal & General Group Plc increased its position in shares of Masonite International by 0.5% during the 4th quarter. Legal & General Group Plc now owns 20,134 shares of the company’s stock valued at $1,705,000 after purchasing an additional 95 shares during the last quarter. Baker Ellis Asset Management LLC grew its position in 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 last quarter. Parkside Financial Bank & Trust raised its stake in shares of Masonite International by 39.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock worth $45,000 after acquiring an additional 151 shares in the last quarter. Barclays PLC lifted its holdings in shares of Masonite International by 1.2% in the 3rd quarter. Barclays PLC now owns 14,327 shares of the company’s stock worth $1,336,000 after acquiring an additional 172 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Masonite International by 55.0% in the 3rd quarter. Federated Hermes Inc. now owns 513 shares of the company’s stock valued at $37,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors 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.