Masonite International Corp VP Unloads $651,682 in Stock (DOOR)
Masonite International Corp (NYSE:DOOR) VP Gail N. Auerbach unloaded 11,429 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $57.02, for a total value of $651,681.58. Following the transaction, the vice president now directly owns 25,306 shares of the company’s stock, valued at approximately $1,442,948. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Masonite International Corp from $57.00 to $60.00 in a research note on Friday, August 8th. Separately, analysts at Imperial Capital cut their price target on shares of Masonite International Corp from $66.00 to $63.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Finally, analysts at Wedbush initiated coverage on shares of Masonite International Corp in a research note on Thursday, July 17th. They set an “outperform” rating and a $62.00 price target on the stock.
Shares of Masonite International Corp (NYSE:DOOR) traded up 0.51% on Friday, hitting $57.18. 100,868 shares of the company’s stock traded hands. Masonite International Corp has a 1-year low of $45.81 and a 1-year high of $62.25. The stock’s 50-day moving average is $53.14 and its 200-day moving average is $54.57. The company’s market cap is $1.698 billion.
Masonite International Corp (NYSE:DOOR) last announced its earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $490.20 million for the quarter, compared to the consensus estimate of $484.03 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Masonite International Corp will post $-0.23 earnings per share for the current fiscal year.
Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets.
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