StockNews.com Initiates Coverage on Masonite International (NYSE:DOOR)

Equities researchers at StockNews.com initiated coverage on shares of Masonite International (NYSE:DOOR) in a report issued on Thursday. The firm set a “hold” rating on the stock.

DOOR has been the topic of several other research reports. Royal Bank of Canada upped their price objective on shares of Masonite International from $87.00 to $133.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 21st. Wedbush reiterated a “neutral” rating and issued a $133.00 target price on shares of Masonite International in a report on Tuesday, February 20th. Oppenheimer initiated coverage on shares of Masonite International in a report on Friday, January 19th. They issued an “outperform” rating and a $115.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $133.00 target price (up previously from $115.00) on shares of Masonite International in a report on Monday, February 12th. Finally, TheStreet downgraded shares of Masonite International from a “b” rating to a “c+” rating in a report on Tuesday, February 20th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $116.89.

Masonite International Stock Up 0.1 %

Masonite International stock opened at $132.62 on Thursday. The company has a quick ratio of 1.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.22. Masonite International has a 12-month low of $76.87 and a 12-month high of $132.85. The firm’s fifty day moving average is $130.97 and its 200 day moving average is $105.21. The company has a market capitalization of $2.91 billion, a PE ratio of 25.17, a PEG ratio of 6.99 and a beta of 1.64.

Masonite International (NYSE:DOOR) last released its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.05). Masonite International had a return on equity of 20.17% and a net margin of 4.18%. The business had revenue of $660.58 million for the quarter, compared to analyst estimates of $659.87 million. During the same quarter in the previous year, the company posted $1.72 EPS. As a group, sell-side analysts predict that Masonite International will post 9.48 EPS for the current fiscal year.

Insider Activity at Masonite International

In other Masonite International news, SVP James C. Pelletier sold 262 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total transaction of $34,075.72. Following the completion of the transaction, the senior vice president now owns 12,739 shares in the company, valued at $1,656,834.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Masonite International news, insider Christopher O. Ball sold 396 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total transaction of $51,503.76. Following the completion of the transaction, the insider now owns 13,263 shares in the company, valued at $1,724,985.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James C. Pelletier sold 262 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total transaction of $34,075.72. Following the completion of the sale, the senior vice president now directly owns 12,739 shares in the company, valued at $1,656,834.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,641 shares of company stock worth $213,329. 1.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Masonite International

Institutional investors and hedge funds have recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Masonite International in the 3rd quarter worth approximately $25,000. Signaturefd LLC lifted its holdings in shares of Masonite International by 134.6% in the 4th quarter. Signaturefd LLC now owns 359 shares of the company’s stock worth $30,000 after acquiring an additional 206 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Masonite International in the 1st quarter worth approximately $32,000. Daiwa Securities Group Inc. bought a new stake in shares of Masonite International in the 4th quarter worth approximately $34,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Masonite International by 39.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock worth $45,000 after acquiring an additional 151 shares during the last quarter. 97.07% of the stock is owned by hedge funds and other institutional investors.

About Masonite International

Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors and door solutions for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers interior doors of wood and related materials, including wood composite molded and flat door facings; exterior doors of steel, fiberglass, or composite materials; and molded panel, flush, stile and rail, steel, and fiberglass residential doors; and architectural doors, as well as Z-articulating cap sill, ADAptive, and ultimate astragals,trilennium, simple solution corner pads, and panolock products.