Masonite International (NYSE:DOOR) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Masonite International (NYSE:DOOR) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

Several other brokerages also recently weighed in on DOOR. TheStreet downgraded shares of Masonite International from a “b” rating to a “c+” rating in a research note on Tuesday, February 20th. Oppenheimer started coverage on shares of Masonite International in a research note on Friday, January 19th. They set an “outperform” rating and a $115.00 price objective on the stock. Robert W. Baird downgraded Masonite International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $106.00 to $92.00 in a report on Tuesday, December 19th. Royal Bank of Canada raised their price objective on Masonite International from $87.00 to $133.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $133.00 target price (up from $115.00) on shares of Masonite International in a research note on Monday, February 12th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $116.89.

Masonite International Trading Up 0.5 %

NYSE:DOOR opened at $131.38 on Tuesday. The company has a market capitalization of $2.89 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 6.88 and a beta of 1.64. Masonite International has a 52-week low of $76.87 and a 52-week high of $131.93. The stock has a fifty day simple moving average of $129.99 and a 200-day simple moving average of $102.32. 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 (NYSE:DOOR) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.05). Masonite International had a net margin of 4.18% and a return on equity of 20.17%. The business had revenue of $660.58 million during the quarter, compared to analysts’ expectations of $659.87 million. During the same period last year, the company earned $1.72 EPS. On average, equities research analysts expect that Masonite International will post 9.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Masonite International news, insider Christopher O. Ball sold 396 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total transaction of $51,503.76. Following the transaction, the insider now owns 13,263 shares in the company, valued at $1,724,985.78. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP James C. Pelletier sold 262 shares of Masonite International stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total value of $34,075.72. Following the completion of the sale, the senior vice president now owns 12,739 shares in the company, valued at $1,656,834.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher O. Ball sold 396 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total transaction of $51,503.76. Following the transaction, the insider now directly owns 13,263 shares of the company’s stock, valued at $1,724,985.78. The disclosure for this sale can be found here. In the last three months, insiders sold 1,641 shares of company stock valued at $213,329. Company insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Masonite International

Several institutional investors and hedge funds have recently made changes to their positions in DOOR. Legal & General Group Plc raised its holdings in shares of Masonite International by 0.5% during the fourth quarter. Legal & General Group Plc now owns 20,134 shares of the company’s stock worth $1,705,000 after purchasing an additional 95 shares during the period. Baker Ellis Asset Management LLC lifted its holdings in Masonite International by 2.0% in the first quarter. Baker Ellis Asset Management LLC now owns 5,110 shares of the company’s stock worth $672,000 after acquiring an additional 100 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Masonite International by 39.7% in the fourth 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. Barclays PLC boosted its stake in Masonite International by 1.2% in the third quarter. Barclays PLC now owns 14,327 shares of the company’s stock valued at $1,336,000 after acquiring an additional 172 shares during the period. Finally, Federated Hermes Inc. grew its holdings in shares of Masonite International by 55.0% during the third quarter. Federated Hermes Inc. now owns 513 shares of the company’s stock valued at $37,000 after purchasing an additional 182 shares during the last quarter. 97.07% of the stock is owned by institutional investors and hedge funds.

Masonite International Company Profile

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.