Masonite International Corp (NYSE:DOOR) has received an average recommendation of “Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $61.43.
A number of equities analysts have recently commented on DOOR shares. Robert W. Baird started coverage on shares of Rocket Pharmaceuticals in a report on Monday, April 22nd. They issued an “outperform” rating on the stock. Wedbush reaffirmed an “outperform” rating and set a $60.00 target price on shares of Activision Blizzard in a report on Monday, April 1st. Zacks Investment Research lowered shares of Gold Resource from a “hold” rating to a “sell” rating in a report on Friday, June 21st. JPMorgan Chase & Co. increased their target price on shares of Masonite International from $66.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, ValuEngine lowered shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th.
Several large investors have recently bought and sold shares of DOOR. Norges Bank purchased a new stake in shares of Masonite International in the 4th quarter worth about $21,146,000. Hound Partners LLC lifted its position in Masonite International by 84.7% during the 4th quarter. Hound Partners LLC now owns 677,515 shares of the company’s stock valued at $30,373,000 after acquiring an additional 310,774 shares during the period. JPMorgan Chase & Co. lifted its position in Masonite International by 48.0% during the 1st quarter. JPMorgan Chase & Co. now owns 315,232 shares of the company’s stock valued at $15,727,000 after acquiring an additional 102,257 shares during the period. Praesidium Investment Management Company LLC lifted its position in Masonite International by 6.3% during the 4th quarter. Praesidium Investment Management Company LLC now owns 1,725,196 shares of the company’s stock valued at $77,341,000 after acquiring an additional 101,579 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in Masonite International by 40.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 267,149 shares of the company’s stock valued at $11,976,000 after acquiring an additional 76,475 shares during the period. 96.80% of the stock is owned by hedge funds and other institutional investors.
Masonite International stock traded up $1.57 during midday trading on Friday, reaching $52.85. 189,959 shares of the stock were exchanged, compared to its average volume of 168,040. The firm has a fifty day simple moving average of $51.01. The company has a current ratio of 2.73, a quick ratio of 1.69 and a debt-to-equity ratio of 1.49. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 14.36 and a beta of 1.43. Masonite International has a 52 week low of $43.76 and a 52 week high of $72.65.
Masonite International (NYSE:DOOR) last posted its earnings results on Wednesday, May 1st. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.07. The business had revenue of $530.00 million for the quarter, compared to analyst estimates of $531.46 million. Masonite International had a net margin of 3.47% and a return on equity of 15.58%. Masonite International’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 EPS. As a group, analysts forecast that Masonite International will post 3.96 EPS for the current year.
About Masonite International
Masonite International Corporation designs, manufactures, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.
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