Masonite International Corporation (DOOR) Earns “Buy” Rating from Robert W. Baird
Robert W. Baird restated their buy rating on shares of Masonite International Corporation (NYSE:DOOR) in a research note issued to investors on Sunday morning. They currently have a $70.00 target price on the stock.
DOOR has been the subject of several other reports. Wedbush restated an outperform rating and issued a $85.00 target price on shares of Masonite International Corporation in a research note on Friday, June 16th. Zacks Investment Research upgraded Masonite International Corporation from a hold rating to a buy rating and set a $86.00 target price for the company in a research note on Monday, July 24th. Instinet restated a buy rating and issued a $77.00 target price (down from $86.00) on shares of Masonite International Corporation in a research note on Thursday, August 10th. Nomura set a $77.00 target price on Masonite International Corporation and gave the company a buy rating in a research note on Thursday, August 10th. Finally, Stifel Nicolaus downgraded Masonite International Corporation from a buy rating to a hold rating and reduced their target price for the company from $85.00 to $72.00 in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $75.60.
Masonite International Corporation (NYSE:DOOR) opened at 64.75 on Friday. The firm’s 50-day moving average price is $65.32 and its 200 day moving average price is $74.30. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 20.34 and a beta of 1.29. Masonite International Corporation has a 12-month low of $50.40 and a 12-month high of $85.30.
Masonite International Corporation (NYSE:DOOR) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.22). Masonite International Corporation had a return on equity of 14.01% and a net margin of 4.95%. The business had revenue of $519.70 million for the quarter, compared to analyst estimates of $547.79 million. During the same quarter in the previous year, the business posted $1.02 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. On average, analysts expect that Masonite International Corporation will post $3.37 earnings per share for the current year.
In other Masonite International Corporation news, Director Robert J. Byrne purchased 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average price of $60.81 per share, with a total value of $91,215.00. Following the transaction, the director now owns 9,633 shares in the company, valued at $585,782.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.19% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Masonite International Corporation by 84,431.7% in the 1st quarter. BlackRock Inc. now owns 2,133,580 shares of the company’s stock valued at $169,086,000 after acquiring an additional 2,131,056 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Masonite International Corporation by 515.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 115,475 shares of the company’s stock valued at $9,151,000 after acquiring an additional 96,723 shares in the last quarter. Bank of America Corp DE lifted its position in Masonite International Corporation by 49.0% in the 1st quarter. Bank of America Corp DE now owns 156,217 shares of the company’s stock valued at $12,380,000 after acquiring an additional 51,367 shares in the last quarter. Prudential Financial Inc. bought a new position in Masonite International Corporation in the 1st quarter valued at about $276,000. Finally, Virginia Retirement Systems ET AL bought a new position in Masonite International Corporation in the 1st quarter valued at about $491,000. 98.11% of the stock is currently 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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