Masonite International Co. (NYSE:DOOR) Receives Average Recommendation of “Moderate Buy” from Analysts

Posted by Floyd Graber on May 26th, 2023

Shares of Masonite International Co. (NYSE:DOOR – Get Rating) have received an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $106.43.

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada raised their price target on shares of Masonite International from $95.00 to $105.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 10th. StockNews.com cut shares of Masonite International from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Stifel Nicolaus raised their target price on shares of Masonite International from $102.00 to $115.00 in a research report on Wednesday, May 10th. Finally, Robert W. Baird raised their target price on shares of Masonite International from $110.00 to $115.00 in a research report on Wednesday, May 10th.

Masonite International Price Performance

DOOR stock opened at $90.14 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.10 and a current ratio of 3.39. Masonite International has a 52 week low of $65.71 and a 52 week high of $101.72. The firm’s fifty day moving average is $89.88 and its 200 day moving average is $85.16. The firm has a market cap of $1.99 billion, a P/E ratio of 10.98 and a beta of 1.60.

Masonite International (NYSE:DOOR – Get Rating) last announced its quarterly earnings results on Monday, May 8th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.30. The business had revenue of $726.00 million for the quarter, compared to analyst estimates of $688.20 million. Masonite International had a net margin of 6.40% and a return on equity of 27.22%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $2.89 EPS. Research analysts predict that Masonite International will post 7.99 earnings per share for the current year.

Insider Activity at Masonite International

In related news, Director Robert J. Byrne sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $90.58, for a total transaction of $226,450.00. Following the completion of the sale, the director now directly owns 946 shares in the company, valued at $85,688.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robert J. Byrne sold 2,500 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $90.58, for a total value of $226,450.00. Following the transaction, the director now owns 946 shares of the company’s stock, valued at $85,688.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander Albert Legall sold 1,700 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $92.01, for a total transaction of $156,417.00. Following the completion of the transaction, the insider now directly owns 3,257 shares in the company, valued at approximately $299,676.57. The disclosure for this sale can be found here. 1.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Masonite International

Hedge funds have recently modified their holdings of the stock. Spire Wealth Management raised its stake in Masonite International by 421.9% during the first quarter. Spire Wealth Management now owns 381 shares of the company’s stock valued at $35,000 after purchasing an additional 308 shares in the last quarter. CWM LLC increased its position in Masonite International by 3,100.0% during the first quarter. CWM LLC now owns 416 shares of the company’s stock valued at $38,000 after acquiring an additional 403 shares during the last quarter. Ensign Peak Advisors Inc bought a new position in shares of Masonite International in the third quarter worth about $32,000. Federated Hermes Inc. grew its holdings in shares of Masonite International by 55.0% in the third quarter. Federated Hermes Inc. now owns 513 shares of the company’s stock worth $37,000 after purchasing an additional 182 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Masonite International in the first quarter worth about $46,000. Hedge funds and other institutional investors own 98.67% of the company’s stock.

About Masonite International

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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.