Masonite International (NYSE:DOOR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Masonite International (NYSE:DOOR) in a report issued on Wednesday morning. The brokerage issued a hold rating on the stock.

A number of other research firms also recently issued reports on DOOR. Oppenheimer assumed coverage on Masonite International in a research report on Friday, January 19th. They issued an outperform rating and a $115.00 target price on the stock. Wedbush reaffirmed a neutral rating and issued a $133.00 target price on shares of Masonite International in a research report on Tuesday, February 20th. TheStreet downgraded Masonite International from a b rating to a c+ rating in a research report on Tuesday, February 20th. Stifel Nicolaus reaffirmed a hold rating and issued a $133.00 target price (up previously from $119.00) on shares of Masonite International in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada lifted their price target on Masonite International from $87.00 to $133.00 and gave the stock a sector perform rating in a report on Wednesday, February 21st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $116.89.

Masonite International Stock Performance

DOOR opened at $131.61 on Wednesday. The business’s 50-day moving average price is $130.86 and its two-hundred day moving average price is $104.29. Masonite International has a 1 year low of $76.87 and a 1 year high of $131.94. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 6.95 and a beta of 1.64. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.42 and a quick ratio of 1.42.

Masonite International (NYSE:DOOR) last released its earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.05). The company had revenue of $660.58 million during the quarter, compared to analyst estimates of $659.87 million. Masonite International had a net margin of 4.18% and a return on equity of 20.17%. During the same period in the prior year, the firm posted $1.72 EPS. Equities analysts expect that Masonite International will post 9.48 EPS for the current fiscal year.

Insider Activity

In other news, SVP James C. Pelletier sold 262 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total value of $34,075.72. Following the transaction, the senior vice president now owns 12,739 shares of the company’s stock, valued at $1,656,834.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP James C. Pelletier sold 262 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total transaction of $34,075.72. Following the sale, the senior vice president now owns 12,739 shares of the company’s stock, valued at $1,656,834.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Paxton sold 721 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total value of $93,693.95. Following the sale, the insider now directly owns 20,798 shares in the company, valued at approximately $2,702,700.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,641 shares of company stock valued at $213,329. 1.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Masonite International

Large investors have recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. lifted its stake in Masonite International by 41.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 865,855 shares of the company’s stock worth $73,303,000 after purchasing an additional 253,981 shares during the last quarter. Armistice Capital LLC bought a new stake in Masonite International during the fourth quarter worth $17,609,000. Fort Baker Capital Management LP bought a new stake in Masonite International during the fourth quarter worth $14,054,000. Norges Bank bought a new position in shares of Masonite International in the 4th quarter valued at $12,798,000. Finally, Wellington Management Group LLP bought a new position in shares of Masonite International in the 3rd quarter valued at $13,283,000. Institutional investors and hedge funds own 97.07% of the company’s stock.

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.