Masonite International Corp (NYSE:DOOR) had its price target lifted by investment analysts at Instinet from $69.00 to $73.00 in a report released on Friday, April 14th. The firm currently has a “buy” rating on the stock. Instinet’s price target points to a potential downside of 1.55% from the stock’s current price.
A number of other research firms have also weighed in on DOOR. Royal Bank of Canada upped their target price on Masonite International Corp from $87.00 to $92.00 and gave the stock an “outperform” rating in a report on Wednesday, March 8th. TheStreet upgraded Masonite International Corp from a “c+” rating to a “b-” rating in a report on Monday, March 6th. Wedbush reiterated an “outperform” rating and set a $85.00 price objective (up previously from $72.00) on shares of Masonite International Corp in a report on Thursday, February 23rd. Macquarie reiterated an “outperform” rating and set a $78.00 price objective on shares of Masonite International Corp in a report on Wednesday, December 21st. Finally, Nomura initiated coverage on Masonite International Corp in a research report on Wednesday, April 12th. They issued a “buy” rating and a $50.00 target price on the stock. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $78.11.
Masonite International Corp (NYSE:DOOR) traded up 1.21% during midday trading on Friday, hitting $75.05. The stock had a trading volume of 124,488 shares. Masonite International Corp has a 12 month low of $55.60 and a 12 month high of $85.30. The firm’s 50-day moving average price is $78.81 and its 200 day moving average price is $71.37. The company has a market cap of $2.24 billion, a P/E ratio of 22.22 and a beta of 1.17.
Masonite International Corp (NYSE:DOOR) last announced its quarterly earnings results on Monday, May 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The firm had revenue of $487.18 million during the quarter, compared to analyst estimates of $497.51 million. Masonite International Corp had a return on equity of 14.01% and a net margin of 3.54%. Masonite International Corp’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. On average, analysts expect that Masonite International Corp will post $4.18 earnings per share for the current fiscal year.
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In related news, insider Lawrence P. Repar sold 19,647 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $78.60, for a total value of $1,544,254.20. Following the transaction, the insider now directly owns 48,726 shares of the company’s stock, valued at approximately $3,829,863.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Edgar Lewis sold 3,500 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $74.08, for a total transaction of $259,280.00. Following the completion of the transaction, the insider now directly owns 22,618 shares in the company, valued at $1,675,541.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,120 shares of company stock worth $1,959,401. Corporate insiders own 2.42% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of DOOR. Strs Ohio raised its position in shares of Masonite International Corp by 533.3% in the first quarter. Strs Ohio now owns 1,900 shares of the company’s stock worth $150,000 after buying an additional 1,600 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Masonite International Corp by 68.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,659 shares of the company’s stock worth $174,000 after buying an additional 1,084 shares during the period. SG Americas Securities LLC raised its position in Masonite International Corp by 12.6% in the first quarter. SG Americas Securities LLC now owns 2,361 shares of the company’s stock worth $187,000 after buying an additional 264 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Masonite International Corp during the first quarter worth $208,000. Finally, Loews Corp acquired a new position in Masonite International Corp during the first quarter worth $213,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.
Masonite International Corp 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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