Masonite International Co. (NYSE:DOOR) Receives $116.89 Average Target Price from Brokerages

Shares of Masonite International Co. (NYSE:DOOR) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $116.89.

A number of brokerages have recently issued reports on DOOR. StockNews.com began coverage on Masonite International in a report on Thursday. They set a “hold” rating for the company. Wedbush reaffirmed a “neutral” rating and issued a $133.00 price objective on shares of Masonite International in a report on Tuesday, February 20th. Royal Bank of Canada lifted their target price on Masonite International from $87.00 to $133.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $133.00 price target (up from $115.00) on shares of Masonite International in a research note on Monday, February 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $133.00 price objective (up previously from $119.00) on shares of Masonite International in a research note on Wednesday, February 21st.

Masonite International Stock Performance

DOOR opened at $132.70 on Friday. The business has a 50 day moving average of $131.14 and a 200-day moving average of $106.20. Masonite International has a 12-month low of $76.87 and a 12-month high of $132.85. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 7.00 and a beta of 1.63. The company has a quick ratio of 1.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.22.

Masonite International (NYSE:DOOR) last released its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.05). Masonite International had a net margin of 4.18% and a return on equity of 20.17%. The company had revenue of $660.58 million during the quarter, compared to analyst estimates of $659.87 million. During the same quarter in the prior year, the firm earned $1.72 earnings per share. On average, equities research analysts expect that Masonite International will post 10 earnings per share for the current year.

Insider Activity

In other Masonite International news, insider Robert Paxton sold 721 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total value of $93,693.95. Following the sale, the insider now owns 20,798 shares of the company’s stock, valued at approximately $2,702,700.10. The sale was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $129.95, for a total transaction of $93,693.95. Following the completion of the transaction, the insider now directly owns 20,798 shares in the company, valued at approximately $2,702,700.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP James C. Pelletier sold 262 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total value of $34,075.72. Following the completion of the transaction, the senior vice president now owns 12,739 shares of the company’s stock, valued at $1,656,834.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,641 shares of company stock worth $213,329. 1.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Masonite International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Westwood Holdings Group Inc. boosted its position in Masonite International by 41.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 865,855 shares of the company’s stock worth $73,303,000 after buying an additional 253,981 shares during the period. Armistice Capital LLC bought a new position in shares of Masonite International during the fourth quarter valued at $17,609,000. Fort Baker Capital Management LP acquired a new position in shares of Masonite International during the fourth quarter worth $14,054,000. Norges Bank bought a new stake in shares of Masonite International in the fourth quarter worth $12,798,000. Finally, Wellington Management Group LLP acquired a new stake in Masonite International in the third quarter valued at $13,283,000. 97.07% of the stock is currently owned by 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.