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

StockNews.com began coverage on shares of Masonite International (NYSE:DOOR) in a research note published on Tuesday. The brokerage issued a hold rating on the stock.

Other equities analysts also recently issued reports about the stock. Wedbush reiterated a neutral rating and set a $133.00 price objective on shares of Masonite International in a research note on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a $133.00 price target (up from $115.00) on shares of Masonite International in a report on Monday, February 12th. Stifel Nicolaus restated 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. Robert W. Baird lowered Masonite International from an outperform rating to a neutral rating and cut their target price for the company from $106.00 to $92.00 in a research note on Tuesday, December 19th. Finally, Oppenheimer began coverage on shares of Masonite International in a report on Friday, January 19th. They issued an outperform rating and a $115.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $116.89.

Masonite International Trading Down 0.2 %

Shares of NYSE DOOR opened at $131.15 on Tuesday. Masonite International has a twelve month low of $76.87 and a twelve month high of $131.93. The company has a quick ratio of 1.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.22. The business has a fifty day simple moving average of $130.68 and a two-hundred day simple moving average of $102.52. The firm has a market cap of $2.88 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 6.89 and a beta of 1.64.

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

Insider Buying and Selling at Masonite International

In other news, insider Robert Paxton sold 721 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Robert Paxton sold 721 shares of the firm’s stock in a transaction dated 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 directly owns 20,798 shares in the company, valued at $2,702,700.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher O. Ball sold 396 shares of Masonite International stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total value of $51,503.76. Following the sale, the insider now directly owns 13,263 shares of the company’s stock, valued at approximately $1,724,985.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,641 shares of company stock worth $213,329. 1.21% of the stock is owned by corporate insiders.

Institutional Trading of Masonite International

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Masonite International by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 2,366,249 shares of the company’s stock valued at $200,327,000 after purchasing an additional 120,448 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Masonite International by 4.3% in the 2nd quarter. BlackRock Inc. now owns 1,560,490 shares of the company’s stock valued at $159,857,000 after buying an additional 64,806 shares during the period. Westwood Holdings Group Inc. boosted its stake in shares of Masonite International by 41.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 865,855 shares of the company’s stock worth $73,303,000 after buying an additional 253,981 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Masonite International by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 780,024 shares of the company’s stock worth $66,038,000 after acquiring an additional 18,335 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its position in Masonite International by 23.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 607,079 shares of the company’s stock valued at $53,994,000 after acquiring an additional 113,896 shares in the last quarter. 97.07% of the stock is owned by hedge funds and other institutional investors.

About Masonite International

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.