Masonite International (NYSE:DOOR) Coverage Initiated at StockNews.com

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

A number of other equities research analysts have also commented on DOOR. Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a $133.00 price target (up previously from $115.00) on shares of Masonite International in a research report on Monday, February 12th. TheStreet lowered Masonite International from a b rating to a c+ rating in a research report on Tuesday, February 20th. Oppenheimer assumed coverage on Masonite International in a research report on Friday, January 19th. They issued an outperform rating and a $115.00 price target on the stock. Royal Bank of Canada upped their price target on Masonite International from $87.00 to $133.00 and gave the company a sector perform rating in a research report on Wednesday, February 21st. Finally, Wedbush reiterated a neutral rating and issued a $133.00 price target on shares of Masonite International in a research report on Tuesday, February 20th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $116.89.

Masonite International Price Performance

Shares of DOOR opened at $131.59 on Wednesday. Masonite International has a 12-month low of $76.87 and a 12-month high of $131.93. The business has a 50-day simple moving average of $130.75 and a two-hundred day simple moving average of $103.58. 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 stock has a market cap of $2.89 billion, a PE ratio of 24.97, a PEG ratio of 6.92 and a beta of 1.64.

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

Insider Activity at Masonite International

In related news, insider Robert Paxton sold 721 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total transaction of $93,693.95. Following the sale, the insider now owns 20,798 shares in the company, valued at approximately $2,702,700.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Robert Paxton sold 721 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total transaction of $93,693.95. Following the transaction, the insider now directly owns 20,798 shares of the company’s stock, valued at approximately $2,702,700.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP James C. Pelletier sold 262 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total value of $34,075.72. Following the transaction, the senior vice president now directly owns 12,739 shares in the company, valued at $1,656,834.34. The disclosure for this sale can be found here. Insiders have sold a total of 1,641 shares of company stock worth $213,329 in the last 90 days. Corporate insiders own 1.21% of the company’s stock.

Institutional Trading of Masonite International

Institutional investors and hedge funds have recently modified their holdings of the stock. NBC Securities Inc. purchased a new stake in shares of Masonite International in the third quarter worth approximately $25,000. Ronald Blue Trust Inc. raised its stake in shares of Masonite International by 352.5% in the third quarter. Ronald Blue Trust Inc. now owns 267 shares of the company’s stock worth $27,000 after purchasing an additional 208 shares during the last quarter. Signaturefd LLC raised its stake in shares of Masonite International by 134.6% in the fourth quarter. Signaturefd LLC now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Masonite International in the first quarter worth approximately $32,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Masonite International in the fourth quarter worth approximately $34,000. 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.