StockNews.com Initiates Coverage on Masonite International (NYSE:DOOR)

Stock analysts at StockNews.com assumed coverage on shares of Masonite International (NYSE:DOOR) in a research report issued on Monday. The firm set a “hold” rating on the stock.

A number of other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $133.00 target price (up previously from $115.00) on shares of Masonite International in a research note on Monday, February 12th. TheStreet cut Masonite International from a “b” rating to a “c+” rating in a research note on Tuesday, February 20th. Oppenheimer started coverage on Masonite International in a research note on Friday, January 19th. They issued an “outperform” rating and a $115.00 target price on the stock. Robert W. Baird cut Masonite International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $106.00 to $92.00 in a research note on Tuesday, December 19th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $133.00 price objective (up from $119.00) on shares of Masonite International in a research note on Wednesday, February 21st. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $116.89.

Masonite International Trading Down 0.0 %

Shares of DOOR stock opened at $130.87 on Monday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.42 and a current ratio of 2.42. Masonite International has a 52-week low of $76.87 and a 52-week high of $131.93. The company has a market capitalization of $2.88 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 2.37 and a beta of 1.64. The business’s fifty day moving average is $125.47 and its 200 day moving average is $100.77.

Masonite International (NYSE:DOOR) last issued its quarterly earnings data 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 business had revenue of $660.58 million during the quarter, compared to analysts’ expectations of $659.87 million. Masonite International had a return on equity of 20.17% and a net margin of 4.18%. During the same quarter last year, the business posted $1.72 EPS. On average, equities research analysts anticipate that Masonite International will post 9.45 EPS for the current fiscal year.

Insider Transactions at Masonite International

In other news, insider Christopher O. Ball sold 396 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total transaction of $51,503.76. Following the completion of the sale, the insider now directly owns 13,263 shares in the company, valued at $1,724,985.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Masonite International news, insider Robert Paxton sold 721 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total value of $93,693.95. Following the completion of the sale, the insider now directly owns 20,798 shares in the company, valued at $2,702,700.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher O. Ball sold 396 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total transaction of $51,503.76. Following the completion of the sale, the insider now owns 13,263 shares of the company’s stock, valued at $1,724,985.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,641 shares of company stock worth $213,329. Company insiders own 1.21% of the company’s stock.

Institutional Trading of Masonite International

Institutional investors and hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. purchased a new position in shares of Masonite International during the third quarter valued at approximately $25,000. Ronald Blue Trust Inc. lifted its holdings in shares of Masonite International by 352.5% during the third quarter. Ronald Blue Trust Inc. now owns 267 shares of the company’s stock valued at $27,000 after purchasing an additional 208 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Masonite International by 134.6% during the fourth quarter. Signaturefd LLC now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 206 shares during the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of Masonite International during the third quarter valued at approximately $32,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Masonite International during the fourth quarter valued at approximately $34,000. 97.07% of the stock is currently owned by hedge funds and other institutional investors.

Masonite International Company Profile

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.