Masonite International Corp. (DOOR) Given Average Recommendation of “Buy” by Analysts
Masonite International Corp. (NYSE:DOOR) has been given a consensus recommendation of “Buy” by the nine brokerages that are presently covering the stock. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $77.00.
Several equities research analysts recently weighed in on DOOR shares. Royal Bank Of Canada reiterated a “buy” rating on shares of Masonite International Corp. in a research note on Tuesday, July 12th. FBR & Co reiterated a “buy” rating and issued a $89.00 target price on shares of Masonite International Corp. in a research note on Wednesday, August 17th. Zacks Investment Research raised shares of Masonite International Corp. from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Tuesday, June 28th. Robert W. Baird reissued a “buy” rating on shares of Masonite International Corp. in a research report on Wednesday, June 22nd. Finally, TheStreet lowered shares of Masonite International Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, September 29th.
In other news, insider Robert Edgar Lewis sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $67.67, for a total transaction of $101,505.00. Following the completion of the sale, the insider now owns 24,140 shares of the company’s stock, valued at $1,633,553.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.42% of the company’s stock.
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Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in Masonite International Corp. by 476.7% in the first quarter. Barclays PLC now owns 35,077 shares of the company’s stock valued at $2,280,000 after buying an additional 28,995 shares during the period. A.R.T. Advisors LLC boosted its stake in Masonite International Corp. by 113.1% in the first quarter. A.R.T. Advisors LLC now owns 40,704 shares of the company’s stock valued at $2,666,000 after buying an additional 21,600 shares during the period. Bayesian Capital Management LP bought a new stake in Masonite International Corp. during the first quarter valued at approximately $266,000. Adage Capital Partners GP L.L.C. boosted its stake in Masonite International Corp. by 38.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 819,513 shares of the company’s stock valued at $53,678,000 after buying an additional 228,600 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Masonite International Corp. by 34.5% in the first quarter. Renaissance Technologies LLC now owns 631,000 shares of the company’s stock valued at $41,331,000 after buying an additional 161,800 shares during the period. 99.92% of the stock is currently owned by institutional investors and hedge funds.
Masonite International Corp. (NYSE:DOOR) traded up 0.50% during midday trading on Tuesday, reaching $59.75. The company’s stock had a trading volume of 67,311 shares. Masonite International Corp. has a 52-week low of $45.14 and a 52-week high of $72.75. The firm has a 50-day moving average price of $63.47 and a 200 day moving average price of $67.28. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 84.99 and a beta of 1.05.
Masonite International Corp. (NYSE:DOOR) last released its earnings results on Wednesday, August 10th. The company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.14. Masonite International Corp. had a net margin of 1.10% and a return on equity of 12.97%. The business earned $514 million during the quarter, compared to analysts’ expectations of $512.96 million. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Masonite International Corp. will post $2.97 EPS for the current fiscal year.
Masonite International Corp. Company Profile
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. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.
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