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

StockNews.com assumed coverage on shares of Masonite International (NYSE:DOOR – Get Rating) in a research report released on Thursday. The firm issued a buy rating on the stock.

Several other research analysts also recently weighed in on the company. Royal Bank of Canada downgraded Masonite International from an outperform rating to a sector perform rating and dropped their price target for the stock from $91.00 to $89.00 in a research note on Friday, January 13th. Robert W. Baird upped their price target on Masonite International from $108.00 to $110.00 and gave the stock an outperform rating in a research note on Friday, February 24th. Deutsche Bank Aktiengesellschaft increased their target price on Masonite International from $90.00 to $112.00 and gave the company a buy rating in a research report on Tuesday, January 10th. Finally, Stifel Nicolaus increased their target price on Masonite International from $97.00 to $98.00 and gave the company a buy rating in a research report on Monday, December 19th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Masonite International presently has an average rating of Moderate Buy and an average price target of $101.00.

Masonite International Trading Down 2.3 %

Shares of NYSE:DOOR opened at $85.07 on Thursday. The stock has a 50 day moving average of $88.48 and a 200 day moving average of $79.65. The company has a market cap of $1.89 billion, a PE ratio of 9.06 and a beta of 1.59. The company has a current ratio of 3.33, a quick ratio of 2.17 and a debt-to-equity ratio of 1.17. Masonite International has a 12-month low of $65.71 and a 12-month high of $101.75.

Masonite International (NYSE:DOOR – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The company reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.16). Masonite International had a net margin of 7.41% and a return on equity of 32.47%. The company had revenue of $676.00 million for the quarter, compared to the consensus estimate of $641.01 million. During the same quarter last year, the firm posted $2.01 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts expect that Masonite International will post 8.17 EPS for the current year.

Insider Activity at Masonite International

In related news, Director Robert J. Byrne sold 2,500 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $90.58, for a total transaction of $226,450.00. Following the sale, the director now owns 946 shares in the company, valued at approximately $85,688.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Masonite International

Several hedge funds and other institutional investors have recently bought and sold shares of DOOR. Raymond James & Associates raised its holdings in Masonite International by 5.7% during the 1st quarter. Raymond James & Associates now owns 19,890 shares of the company’s stock valued at $1,769,000 after buying an additional 1,081 shares during the period. PNC Financial Services Group Inc. increased its stake in Masonite International by 38.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,038 shares of the company’s stock worth $270,000 after purchasing an additional 842 shares during the period. AlphaCrest Capital Management LLC purchased a new stake in Masonite International in the first quarter worth $235,000. MetLife Investment Management LLC increased its stake in Masonite International by 55.5% in the first quarter. MetLife Investment Management LLC now owns 13,007 shares of the company’s stock worth $1,157,000 after purchasing an additional 4,641 shares during the period. Finally, Rhumbline Advisers increased its stake in Masonite International by 1.2% in the first quarter. Rhumbline Advisers now owns 23,924 shares of the company’s stock worth $2,128,000 after purchasing an additional 272 shares during the period. Hedge funds and other institutional investors own 98.67% of the company’s stock.

Masonite International Company Profile

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Masonite International Corp. engages in the manufacture of interior and exterior doors for residential and architectural use. It operates through the following geographical segments: North American Residential, Europe, Architectural, and Corporate and Other. The Corporate and other segment includes unallocated corporate costs and the results of immaterial operating segments.