Masonite International (NYSE:DOOR) has been assigned a $58.00 price objective by Royal Bank of Canada in a research note issued to investors on Tuesday, February 5th. The brokerage presently has a “buy” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 5.53% from the company’s previous close.
DOOR has been the topic of a number of other reports. B. Riley lowered Masonite International from a “buy” rating to a “neutral” rating and cut their target price for the company from $66.00 to $56.00 in a research report on Friday, February 1st. Wedbush lowered their price objective on Masonite International from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, December 19th. Robert W. Baird set a $72.00 price objective on Masonite International and gave the company a “buy” rating in a research report on Tuesday, October 16th. Nomura lowered their target price on Masonite International from $86.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, October 9th. Finally, Zacks Investment Research raised Masonite International from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Masonite International has a consensus rating of “Hold” and a consensus price target of $62.50.
NYSE:DOOR traded down $0.49 during trading hours on Tuesday, hitting $54.96. 84,380 shares of the company were exchanged, compared to its average volume of 146,434. The company has a market cap of $1.53 billion, a PE ratio of 14.93 and a beta of 1.48. Masonite International has a 52-week low of $43.76 and a 52-week high of $73.40. The company has a current ratio of 3.26, a quick ratio of 2.23 and a debt-to-equity ratio of 1.13.
Masonite International (NYSE:DOOR) last announced its earnings results on Monday, February 18th. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.06. Masonite International had a net margin of 4.27% and a return on equity of 14.49%. The company had revenue of $528.35 million during the quarter, compared to analyst estimates of $528.60 million. During the same quarter last year, the firm posted $0.70 earnings per share. Masonite International’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts expect that Masonite International will post 3.91 EPS for the current fiscal year.
In other Masonite International news, insider Robert Edgar Lewis sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $55.28, for a total value of $55,280.00. Following the sale, the insider now owns 21,238 shares in the company, valued at $1,174,036.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.38% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Masonite International by 2.1% during the third quarter. Vanguard Group Inc. now owns 2,446,933 shares of the company’s stock worth $156,849,000 after buying an additional 49,516 shares in the last quarter. Vanguard Group Inc grew its position in Masonite International by 2.1% during the third quarter. Vanguard Group Inc now owns 2,446,933 shares of the company’s stock worth $156,849,000 after buying an additional 49,516 shares in the last quarter. BlackRock Inc. grew its position in Masonite International by 1.1% during the fourth quarter. BlackRock Inc. now owns 1,988,052 shares of the company’s stock worth $89,124,000 after buying an additional 22,426 shares in the last quarter. Clearbridge Investments LLC grew its position in Masonite International by 7.1% during the third quarter. Clearbridge Investments LLC now owns 1,877,374 shares of the company’s stock worth $120,340,000 after buying an additional 124,171 shares in the last quarter. Finally, Praesidium Investment Management Company LLC grew its position in Masonite International by 6.3% during the fourth quarter. Praesidium Investment Management Company LLC now owns 1,725,196 shares of the company’s stock worth $77,341,000 after buying an additional 101,579 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.
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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