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

Research analysts at StockNews.com initiated coverage on shares of Masonite International (NYSE:DOOR) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the stock.

Other analysts also recently issued research reports about the company. Stifel Nicolaus restated a “hold” rating and issued a $133.00 target price (up previously from $119.00) on shares of Masonite International in a research report on Wednesday, February 21st. TheStreet cut shares of Masonite International from a “b” rating to a “c+” rating in a research report on Tuesday, February 20th. Robert W. Baird lowered shares of Masonite International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $106.00 to $92.00 in a research report on Tuesday, December 19th. Oppenheimer initiated coverage on Masonite International in a report on Friday, January 19th. They issued an “outperform” rating and a $115.00 price objective on the stock. Finally, Wedbush restated a “neutral” rating and set a $133.00 target price on shares of Masonite International in a report on Tuesday, February 20th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $116.89.

Masonite International Trading Up 0.5 %

Shares of Masonite International stock opened at $131.38 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.42 and a quick ratio of 1.42. Masonite International has a 1 year low of $76.87 and a 1 year high of $131.93. The firm has a market cap of $2.89 billion, a PE ratio of 24.93, a PEG ratio of 6.88 and a beta of 1.64. The company has a 50 day simple moving average of $129.99 and a two-hundred day simple moving average of $102.32.

Masonite International (NYSE:DOOR) last announced its earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.05). Masonite International had a return on equity of 20.17% and a net margin of 4.18%. The company had revenue of $660.58 million during the quarter, compared to analysts’ expectations of $659.87 million. During the same quarter last year, the firm posted $1.72 earnings per share. Analysts expect that Masonite International will post 9.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Masonite International

Several large investors have recently added to or reduced their stakes in DOOR. Westwood Holdings Group Inc. boosted its stake in Masonite International by 41.5% in the 4th quarter. Westwood Holdings Group Inc. now owns 865,855 shares of the company’s stock worth $73,303,000 after purchasing an additional 253,981 shares during the period. Norges Bank bought a new position in shares of Masonite International during the 4th quarter valued at approximately $18,809,000. Armistice Capital LLC purchased a new position in shares of Masonite International in the fourth quarter valued at $17,609,000. Fort Baker Capital Management LP bought a new position in Masonite International during the fourth quarter valued at $14,054,000. Finally, Wellington Management Group LLP purchased a new position in shares of Masonite International in the 3rd quarter worth $13,283,000. Hedge funds and other institutional investors own 97.07% of the company’s stock.

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.