Shares of Masonite International Corporation (NYSE:DOOR) have earned a consensus rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $79.44.
Several brokerages have issued reports on DOOR. Wedbush reiterated an “outperform” rating and issued a $85.00 price objective on shares of Masonite International Corporation in a research report on Friday, June 16th. Nomura assumed coverage on Masonite International Corporation in a research report on Wednesday, April 12th. They set a “buy” rating and a $50.00 target price for the company. Zacks Investment Research upgraded Masonite International Corporation from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Monday, July 24th. Instinet dropped their target price on Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $92.00 target price on shares of Masonite International Corporation in a research report on Monday, June 19th.
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In other news, insider Robert Edgar Lewis sold 3,500 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $74.08, for a total transaction of $259,280.00. Following the completion of the sale, the insider now owns 22,618 shares in the company, valued at $1,675,541.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.19% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in Masonite International Corporation by 46.3% in the second quarter. Principal Financial Group Inc. now owns 6,297 shares of the company’s stock worth $475,000 after buying an additional 1,994 shares in the last quarter. Renaissance Group LLC increased its stake in Masonite International Corporation by 15.9% in the second quarter. Renaissance Group LLC now owns 5,382 shares of the company’s stock worth $406,000 after buying an additional 738 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Masonite International Corporation by 18.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after buying an additional 258 shares in the last quarter. Prudential Financial Inc. increased its stake in Masonite International Corporation by 1.1% in the second quarter. Prudential Financial Inc. now owns 3,520 shares of the company’s stock worth $266,000 after buying an additional 40 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its stake in Masonite International Corporation by 22.9% in the second quarter. Great Lakes Advisors LLC now owns 35,414 shares of the company’s stock worth $2,674,000 after buying an additional 6,597 shares in the last quarter. Institutional investors and hedge funds own 98.25% of the company’s stock.
Shares of Masonite International Corporation (DOOR) traded down 1.62% during midday trading on Friday, reaching $73.00. The company’s stock had a trading volume of 452,120 shares. Masonite International Corporation has a 52-week low of $55.60 and a 52-week high of $85.30. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 21.61 and a beta of 1.26. The stock has a 50 day moving average price of $75.77 and a 200-day moving average price of $75.57.
Masonite International Corporation (NYSE:DOOR) last issued its quarterly earnings data on Monday, May 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Masonite International Corporation had a return on equity of 14.73% and a net margin of 5.29%. The firm had revenue of $487.18 million during the quarter, compared to the consensus estimate of $497.51 million. During the same quarter in the previous year, the company posted $0.57 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts expect that Masonite International Corporation will post $4.21 EPS for the current year.
Masonite International Corporation Company Profile
Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.
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