Analysts Set Masonite International (DOOR) PT at $77.00

Masonite International (NYSE:DOOR) has been given an average rating of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $77.00.

A number of equities analysts have recently weighed in on DOOR shares. Zacks Investment Research lowered Masonite International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 target price on shares of Masonite International in a research report on Friday, February 23rd. B. Riley upped their target price on Masonite International from $83.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. TheStreet lowered Masonite International from a “b-” rating to a “c+” rating in a research report on Tuesday, April 3rd. Finally, Stifel Nicolaus lowered their target price on Masonite International from $69.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd.

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In related news, insider Robert Edgar Lewis sold 3,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $65.75, for a total value of $197,250.00. Following the completion of the sale, the insider now directly owns 16,372 shares of the company’s stock, valued at approximately $1,076,459. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DOOR. First Republic Investment Management Inc. purchased a new stake in Masonite International in the 3rd quarter valued at $225,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Masonite International during the 4th quarter valued at $233,000. ARP Americas LP purchased a new stake in shares of Masonite International during the 4th quarter valued at $260,000. Jane Street Group LLC purchased a new stake in shares of Masonite International during the 3rd quarter valued at $299,000. Finally, HBK Investments L P purchased a new stake in shares of Masonite International during the 4th quarter valued at $306,000. 99.19% of the stock is owned by institutional investors and hedge funds.

Shares of Masonite International stock traded down $0.05 on Thursday, reaching $63.80. 242,489 shares of the company’s stock were exchanged, compared to its average volume of 232,216. The stock has a market capitalization of $1,707.92, a price-to-earnings ratio of 19.17 and a beta of 1.23. Masonite International has a 52 week low of $50.40 and a 52 week high of $85.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.20 and a current ratio of 3.25.

Masonite International (NYSE:DOOR) last issued its earnings results on Wednesday, February 21st. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.13). Masonite International had a return on equity of 14.53% and a net margin of 7.46%. The firm had revenue of $508.50 million for the quarter, compared to analyst estimates of $512.46 million. During the same period in the previous year, the company earned $0.55 earnings per share. Masonite International’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities research analysts forecast that Masonite International will post 3.91 EPS for the current year.

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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.

Analyst Recommendations for Masonite International (NYSE:DOOR)

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