Masonite International Corp (DOOR) Receives $61.43 Consensus Target Price from Brokerages

Masonite International Corp (NYSE:DOOR) has been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $61.43.

DOOR has been the subject of several recent analyst reports. ValuEngine upgraded Masonite International from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Zacks Investment Research upgraded Masonite International from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Seaport Global Securities initiated coverage on Masonite International in a research note on Friday, March 15th. They issued a “buy” rating and a $61.00 price target for the company. Robert W. Baird set a $62.00 price target on Masonite International and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada set a $58.00 price objective on Masonite International and gave the company a “buy” rating in a research report on Tuesday, February 5th.

In related news, insider Robert Edgar Lewis sold 1,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $55.28, for a total value of $55,280.00. Following the sale, the insider now directly owns 21,238 shares in the company, valued at $1,174,036.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.43% of the stock is currently owned by insiders.



A number of hedge funds have recently modified their holdings of DOOR. Marshall Wace LLP bought a new position in Masonite International in the first quarter worth approximately $37,000. Quadrant Capital Group LLC grew its stake in Masonite International by 2,540.0% in the first quarter. Quadrant Capital Group LLC now owns 1,056 shares of the company’s stock worth $50,000 after purchasing an additional 1,016 shares in the last quarter. NumerixS Investment Technologies Inc grew its stake in Masonite International by 1,000.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,100 shares of the company’s stock worth $51,000 after purchasing an additional 1,000 shares in the last quarter. Marshall Wace North America L.P. grew its stake in Masonite International by 85.5% in the first quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock worth $72,000 after purchasing an additional 664 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in Masonite International by 3,466.0% in the first quarter. Rockefeller Capital Management L.P. now owns 1,890 shares of the company’s stock worth $95,000 after purchasing an additional 1,837 shares in the last quarter. Institutional investors and hedge funds own 99.69% of the company’s stock.

NYSE:DOOR traded up $0.46 during trading hours on Friday, reaching $51.15. 67,589 shares of the company traded hands, compared to its average volume of 136,762. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 13.81 and a beta of 1.43. Masonite International has a 1 year low of $43.76 and a 1 year high of $73.40. The company has a current ratio of 2.73, a quick ratio of 1.69 and a debt-to-equity ratio of 1.49.

Masonite International (NYSE:DOOR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.07. The business had revenue of $530.00 million during the quarter, compared to analysts’ expectations of $531.46 million. Masonite International had a return on equity of 15.58% and a net margin of 3.47%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. As a group, equities research analysts predict that Masonite International will post 4.03 EPS for the current year.

Masonite International Company Profile

Masonite International Corporation designs, manufactures, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.

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Analyst Recommendations for Masonite International (NYSE:DOOR)

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