Masonite International Corporation (DOOR) Earns Outperform Rating from Wedbush
Masonite International Corporation (NYSE:DOOR)‘s stock had its “outperform” rating restated by Wedbush in a research report issued to clients and investors on Friday, Marketbeat.com reports. They currently have a $85.00 price objective on the stock. Wedbush’s price target indicates a potential upside of 13.56% from the stock’s current price.
Several other analysts have also commented on the company. Zacks Investment Research lowered Masonite International Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 26th. Instinet cut their price objective on Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, May 9th. Nomura started coverage on Masonite International Corporation in a report on Wednesday, April 12th. They issued a “buy” rating and a $50.00 price objective for the company. TheStreet raised Masonite International Corporation from a “c+” rating to a “b-” rating in a report on Monday, March 6th. Finally, Royal Bank Of Canada lifted their price objective on Masonite International Corporation from $87.00 to $92.00 and gave the stock an “outperform” rating in a report on Wednesday, March 8th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $78.11.
Masonite International Corporation (NYSE DOOR) opened at 74.85 on Friday. The company has a market cap of $2.23 billion, a P/E ratio of 22.16 and a beta of 1.26. Masonite International Corporation has a 1-year low of $55.60 and a 1-year high of $85.30. The stock’s 50 day moving average price is $76.05 and its 200 day moving average price is $73.29.
Masonite International Corporation (NYSE:DOOR) last issued its quarterly earnings data on Monday, May 8th. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Masonite International Corporation had a return on equity of 14.73% and a net margin of 5.29%. The company had revenue of $487.18 million during the quarter, compared to analyst estimates of $497.51 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. Masonite International Corporation’s revenue was down .4% compared to the same quarter last year. On average, equities analysts anticipate that Masonite International Corporation will post $4.19 earnings per share for the current fiscal year.
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In other Masonite International Corporation news, insider Robert Edgar Lewis sold 3,500 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $74.08, for a total transaction of $259,280.00. Following the completion of the sale, the insider now owns 22,618 shares of the company’s stock, valued at $1,675,541.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.19% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio raised its stake in Masonite International Corporation by 533.3% in the first quarter. Strs Ohio now owns 1,900 shares of the company’s stock valued at $150,000 after buying an additional 1,600 shares in the last quarter. SG Americas Securities LLC raised its stake in Masonite International Corporation by 12.6% in the first quarter. SG Americas Securities LLC now owns 2,361 shares of the company’s stock valued at $187,000 after buying an additional 264 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Masonite International Corporation during the first quarter valued at about $208,000. Envestnet Asset Management Inc. raised its stake in Masonite International Corporation by 68.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,659 shares of the company’s stock valued at $174,000 after buying an additional 1,084 shares in the last quarter. Finally, Loews Corp bought a new stake in Masonite International Corporation during the first quarter valued at about $213,000. 97.96% of the stock is owned by institutional investors and hedge funds.
Masonite International Corporation 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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