Masonite International Corporation (NYSE:DOOR)‘s stock had its “buy” rating reissued by stock analysts at Instinet in a research note issued on Thursday. They currently have a $77.00 price target on the stock, down from their prior price target of $86.00. Instinet’s price target would suggest a potential upside of 31.96% from the stock’s previous close.
Several other research firms have also recently commented on DOOR. Nomura set a $77.00 target price on shares of Masonite International Corporation and gave the stock a “buy” rating in a research report on Thursday. Stephens cut shares of Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 target price for the company. in a research report on Thursday. BidaskClub cut shares of Masonite International Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $92.00 target price on shares of Masonite International Corporation in a research report on Monday, July 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Masonite International Corporation in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Masonite International Corporation has an average rating of “Buy” and an average price target of $82.20.
Masonite International Corporation (DOOR) traded down 19.79% during midday trading on Thursday, reaching $58.35. 4,263,680 shares of the company’s stock traded hands. The company’s 50-day moving average price is $75.23 and its 200-day moving average price is $75.70. The stock has a market cap of $1.74 billion, a P/E ratio of 17.27 and a beta of 1.26. Masonite International Corporation has a 52-week low of $50.40 and a 52-week high of $85.30.
Masonite International Corporation (NYSE:DOOR) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.22. The firm had revenue of $519.70 million for the quarter, compared to analysts’ expectations of $547.79 million. Masonite International Corporation had a net margin of 5.29% and a return on equity of 14.73%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.02 EPS. On average, equities analysts predict that Masonite International Corporation will post $4.13 EPS for the current fiscal year.
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In related news, insider Robert Edgar Lewis sold 3,500 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $74.08, for a total value of $259,280.00. Following the completion of the transaction, the insider now directly owns 22,618 shares in the company, valued at approximately $1,675,541.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.19% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of DOOR. US Bancorp DE raised its position in shares of Masonite International Corporation by 202.9% in the first quarter. US Bancorp DE now owns 10,748 shares of the company’s stock valued at $851,000 after buying an additional 7,200 shares during the last quarter. Falcon Point Capital LLC raised its position in shares of Masonite International Corporation by 127.9% in the first quarter. Falcon Point Capital LLC now owns 142,622 shares of the company’s stock valued at $11,303,000 after buying an additional 80,031 shares during the last quarter. American Century Companies Inc. raised its position in shares of Masonite International Corporation by 6.2% in the first quarter. American Century Companies Inc. now owns 259,671 shares of the company’s stock valued at $20,579,000 after buying an additional 15,155 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in shares of Masonite International Corporation during the first quarter valued at about $5,196,000. Finally, Emerald Advisers Inc. PA raised its position in shares of Masonite International Corporation by 7.3% in the first quarter. Emerald Advisers Inc. PA now owns 392,159 shares of the company’s stock valued at $31,079,000 after buying an additional 26,600 shares during the last quarter. Institutional investors own 98.25% of the company’s stock.
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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