Masonite International Corporation (DOOR) Receives Average Rating of “Buy” from Analysts
Masonite International Corporation (NYSE:DOOR) has received a consensus rating of “Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $75.00.
Several research analysts have issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $85.00 target price on shares of Masonite International Corporation in a report on Friday, June 16th. Zacks Investment Research upgraded shares of Masonite International Corporation from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Monday, July 24th. Instinet dropped their target price on shares of Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, May 9th. Nomura set a $77.00 target price on shares of Masonite International Corporation and gave the stock a “buy” rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus cut shares of Masonite International Corporation from a “buy” rating to a “hold” rating and dropped their target price for the stock from $85.00 to $72.00 in a report on Friday, August 11th.
Masonite International Corporation (DOOR) opened at 63.45 on Wednesday. Masonite International Corporation has a 12-month low of $50.40 and a 12-month high of $85.30. The company has a 50-day moving average of $70.92 and a 200 day moving average of $75.15. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 19.93 and a beta of 1.26.
Masonite International Corporation (NYSE:DOOR) last issued its earnings results on Wednesday, August 9th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.22. Masonite International Corporation had a return on equity of 14.01% and a net margin of 4.95%. The business had revenue of $519.70 million for the quarter, compared to the consensus estimate of $547.79 million. During the same quarter in the previous year, the company earned $1.02 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. Equities analysts expect that Masonite International Corporation will post $3.37 EPS for the current fiscal year.
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In other news, Director Robert J. Byrne purchased 1,500 shares of the stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average cost of $60.81 per share, for a total transaction of $91,215.00. Following the acquisition, the director now owns 9,633 shares of the company’s stock, valued at $585,782.73. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.19% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its stake in Masonite International Corporation by 6.9% in the second quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock worth $119,000 after buying an additional 101 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Masonite International Corporation by 18.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after buying an additional 258 shares in the last quarter. Strs Ohio boosted its stake in Masonite International Corporation by 533.3% in the first quarter. Strs Ohio now owns 1,900 shares of the company’s stock worth $150,000 after buying an additional 1,600 shares in the last quarter. SG Americas Securities LLC boosted its stake in Masonite International Corporation by 1.4% in the second quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock worth $181,000 after buying an additional 34 shares in the last quarter. Finally, Symphony Asset Management LLC purchased a new stake in Masonite International Corporation during the second quarter worth $200,000. Institutional investors and hedge funds own 98.11% of the company’s stock.
Masonite International Corporation 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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