Robert W. Baird Reiterates “Buy” Rating for Masonite International Corporation (DOOR)
Masonite International Corporation (NYSE:DOOR)‘s stock had its “buy” rating reissued by research analysts at Robert W. Baird in a research note issued on Sunday. They presently have a $70.00 target price on the stock. Robert W. Baird’s price objective would suggest a potential upside of 6.63% from the company’s previous close.
A number of other brokerages have also weighed in on DOOR. 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 research report on Monday, July 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $92.00 price target on shares of Masonite International Corporation in a report on Monday, July 24th. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of Masonite International Corporation in a report on Friday, June 16th. Nomura set a $77.00 price target on shares of Masonite International Corporation and gave the stock a “buy” rating in a report on Thursday, August 10th. Finally, Stephens lowered shares of Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 price target on the stock. in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $76.22.
Shares of Masonite International Corporation (DOOR) opened at 65.65 on Friday. The firm has a market capitalization of $1.94 billion, a P/E ratio of 20.62 and a beta of 1.29. The firm’s 50-day moving average price is $66.05 and its 200-day moving average price is $74.57. Masonite International Corporation has a 12-month low of $50.40 and a 12-month high of $85.30.
Masonite International Corporation (NYSE:DOOR) last issued its earnings results on Wednesday, August 9th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.22). Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.01%. The company had revenue of $519.70 million during the quarter, compared to analyst estimates of $547.79 million. During the same quarter in the prior year, the business earned $1.02 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts predict that Masonite International Corporation will post $3.37 earnings per share for the current fiscal year.
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In other Masonite International Corporation news, Director Robert J. Byrne purchased 1,500 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were bought at an average price of $60.81 per share, for a total transaction of $91,215.00. Following the completion of the acquisition, the director now owns 9,633 shares in the company, valued at $585,782.73. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Masonite International Corporation by 0.8% in the second quarter. Vanguard Group Inc. now owns 2,370,709 shares of the company’s stock valued at $178,989,000 after buying an additional 19,380 shares during the period. BlackRock Inc. lifted its holdings in Masonite International Corporation by 0.6% in the second quarter. BlackRock Inc. now owns 2,145,898 shares of the company’s stock valued at $162,015,000 after buying an additional 12,318 shares during the period. Wellington Management Group LLP lifted its holdings in Masonite International Corporation by 20.2% in the first quarter. Wellington Management Group LLP now owns 1,789,122 shares of the company’s stock valued at $141,789,000 after buying an additional 301,135 shares during the period. Praesidium Investment Management Company LLC lifted its holdings in Masonite International Corporation by 30.7% in the first quarter. Praesidium Investment Management Company LLC now owns 1,152,496 shares of the company’s stock valued at $91,335,000 after buying an additional 270,891 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in Masonite International Corporation by 71.2% in the first quarter. Clearbridge Investments LLC now owns 955,984 shares of the company’s stock valued at $75,762,000 after buying an additional 397,684 shares during the period. 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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