Masonite International (NYSE:DOOR) had its price target boosted by equities researchers at Nomura from $77.00 to $81.00 in a research note issued to investors on Tuesday, The Fly reports. Nomura’s price target would suggest a potential upside of 17.77% from the stock’s current price.
Other research analysts also recently issued research reports about the company. Robert W. Baird increased their price target on Masonite International from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. TheStreet upgraded Masonite International from a “c+” rating to a “b-” rating in a research note on Friday, September 27th. ValuEngine upgraded Masonite International from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Royal Bank of Canada downgraded Masonite International from an “outperform” rating to a “sector perform” rating and set a $62.00 price target for the company. in a research note on Wednesday, November 6th. Finally, Wedbush reiterated a “neutral” rating on shares of Masonite International in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Masonite International currently has an average rating of “Buy” and an average price target of $65.56.
NYSE:DOOR traded down $0.41 during trading on Tuesday, reaching $68.78. The company’s stock had a trading volume of 167,104 shares, compared to its average volume of 142,327. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 18.69 and a beta of 1.36. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.72 and a current ratio of 2.65. The firm has a 50 day moving average of $60.82 and a 200-day moving average of $54.58. Masonite International has a 12 month low of $43.76 and a 12 month high of $69.75.
Masonite International (NYSE:DOOR) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.12. The firm had revenue of $552.19 million during the quarter, compared to the consensus estimate of $557.92 million. Masonite International had a return on equity of 15.29% and a net margin of 2.55%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Equities research analysts forecast that Masonite International will post 3.54 earnings per share for the current fiscal year.
In related news, insider Robert Edgar Lewis sold 1,500 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $64.10, for a total transaction of $96,150.00. Following the sale, the insider now owns 26,881 shares of the company’s stock, valued at approximately $1,723,072.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.43% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DOOR. Nuveen Asset Management LLC purchased a new stake in shares of Masonite International in the 2nd quarter valued at about $10,254,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Masonite International by 46.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 383,377 shares of the company’s stock valued at $20,196,000 after acquiring an additional 121,106 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Masonite International by 29.3% in the 2nd quarter. Renaissance Technologies LLC now owns 269,300 shares of the company’s stock valued at $14,187,000 after acquiring an additional 61,000 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Masonite International by 252.3% in the 2nd quarter. Citadel Advisors LLC now owns 60,831 shares of the company’s stock valued at $3,204,000 after acquiring an additional 43,563 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Masonite International by 298.5% in the 3rd quarter. California Public Employees Retirement System now owns 48,806 shares of the company’s stock valued at $2,831,000 after acquiring an additional 36,559 shares in the last quarter. 98.83% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Story: What are the benefits of investing in REITs?
Receive News & Ratings for Masonite International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International and related companies with MarketBeat.com's FREE daily email newsletter.