Robert W. Baird Raises Masonite International (NYSE:DOOR) Price Target to $72.00

Masonite International (NYSE:DOOR) had its price objective upped by investment analysts at Robert W. Baird from $64.00 to $72.00 in a note issued to investors on Monday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price points to a potential downside of 7.43% from the stock’s previous close.

Several other research analysts have also commented on DOOR. Wedbush lowered Masonite International from an “outperform” rating to a “neutral” rating and set a $75.00 price objective for the company. in a report on Thursday, June 11th. Nomura Securities boosted their price objective on Masonite International from $57.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Zacks Investment Research upgraded Masonite International from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Nomura boosted their target price on Masonite International from $69.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on Masonite International from $59.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $82.09.

Shares of NYSE DOOR opened at $77.78 on Monday. Masonite International has a 12 month low of $34.88 and a 12 month high of $89.21. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 27.78 and a beta of 1.72. The business has a 50-day moving average of $67.92 and a 200-day moving average of $66.43.

Masonite International (NYSE:DOOR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.62. Masonite International had a return on equity of 16.83% and a net margin of 3.22%. The company had revenue of $551.23 million during the quarter, compared to analyst estimates of $521.66 million. During the same quarter in the previous year, the firm earned $0.81 earnings per share. Masonite International’s revenue was up 3.9% on a year-over-year basis. On average, analysts predict that Masonite International will post 2.69 earnings per share for the current year.

In other Masonite International news, insider Robert Paxton sold 3,195 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $71.36, for a total value of $227,995.20. Following the completion of the sale, the insider now owns 13,491 shares in the company, valued at $962,717.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.49% of the company’s stock.

A number of hedge funds have recently made changes to their positions in DOOR. Advisor Group Holdings Inc. bought a new stake in Masonite International in the first quarter valued at approximately $37,000. Marshall Wace LLP bought a new position in shares of Masonite International during the first quarter valued at approximately $37,000. Marshall Wace North America L.P. raised its holdings in shares of Masonite International by 85.5% during the first quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock valued at $72,000 after acquiring an additional 664 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Masonite International by 43.5% during the first quarter. Meeder Asset Management Inc. now owns 1,745 shares of the company’s stock valued at $83,000 after acquiring an additional 529 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Masonite International during the fourth quarter valued at approximately $87,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

About Masonite International

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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