Masonite International Corp (NYSE:DOOR)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $78.91 and last traded at $78.80, with a volume of 12354 shares changing hands. The stock had previously closed at $78.27.
DOOR has been the subject of a number of analyst reports. ValuEngine downgraded shares of Masonite International from a “sell” rating to a “strong sell” rating in a report on Friday, January 3rd. TheStreet raised shares of Masonite International from a “c+” rating to a “b-” rating in a report on Friday, September 27th. Nomura increased their price target on shares of Masonite International from $77.00 to $81.00 in a report on Tuesday, November 19th. Northcoast Research raised shares of Masonite International from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a report on Wednesday, November 27th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $73.00 price target on shares of Masonite International in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Masonite International presently has an average rating of “Hold” and a consensus price target of $68.60.
The company has a quick ratio of 1.72, a current ratio of 2.65 and a debt-to-equity ratio of 1.50. The firm has a market cap of $1.94 billion, a P/E ratio of 36.53 and a beta of 1.39. The company’s 50 day simple moving average is $73.29 and its 200-day simple moving average is $61.22.
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, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.12. The business had revenue of $552.19 million during the quarter, compared to the consensus estimate of $557.92 million. Masonite International had a net margin of 2.55% and a return on equity of 15.29%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. Equities research analysts predict that Masonite International Corp will post 3.48 EPS for the current year.
In other news, insider Robert Edgar Lewis sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $64.10, for a total transaction of $96,150.00. Following the transaction, the insider now directly owns 26,881 shares of the company’s stock, valued at $1,723,072.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.43% of the company’s stock.
Several large investors have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new position in shares of Masonite International during the third quarter worth approximately $312,000. Public Employees Retirement System of Ohio increased its holdings in Masonite International by 6.7% during the third quarter. Public Employees Retirement System of Ohio now owns 2,221 shares of the company’s stock valued at $129,000 after buying an additional 140 shares during the period. California State Teachers Retirement System increased its holdings in Masonite International by 1.6% during the third quarter. California State Teachers Retirement System now owns 38,959 shares of the company’s stock valued at $2,260,000 after buying an additional 628 shares during the period. Stifel Financial Corp increased its holdings in Masonite International by 2.7% during the third quarter. Stifel Financial Corp now owns 44,913 shares of the company’s stock valued at $2,606,000 after buying an additional 1,164 shares during the period. Finally, Systematic Financial Management LP increased its holdings in Masonite International by 14.8% during the third quarter. Systematic Financial Management LP now owns 135,988 shares of the company’s stock valued at $7,887,000 after buying an additional 17,563 shares during the period. 96.98% of the stock is currently owned by institutional investors and hedge funds.
About Masonite International (NYSE:DOOR)
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.
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