Masonite International (NYSE:DOOR) Sets New 52-Week High at $131.94

Masonite International Co. (NYSE:DOOR) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $131.94 and last traded at $131.81, with a volume of 222512 shares traded. The stock had previously closed at $131.75.

Analysts Set New Price Targets

Several research firms have recently issued reports on DOOR. Wedbush restated a “neutral” rating and set a $133.00 target price on shares of Masonite International in a research report on Tuesday, February 20th. Stifel Nicolaus restated a “hold” rating and set a $133.00 price objective (up previously from $119.00) on shares of Masonite International in a report on Wednesday, February 21st. TheStreet lowered shares of Masonite International from a “b” rating to a “c+” rating in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $133.00 price target (up previously from $115.00) on shares of Masonite International in a report on Monday, February 12th. Finally, Oppenheimer began coverage on Masonite International in a report on Friday, January 19th. They issued an “outperform” rating and a $115.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $116.89.

Masonite International Trading Down 0.1 %

The company has a quick ratio of 1.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $2.89 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 6.94 and a beta of 1.64. The business has a fifty day moving average price of $130.83 and a 200 day moving average price of $103.97.

Masonite International (NYSE:DOOR) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.05). Masonite International had a return on equity of 20.17% and a net margin of 4.18%. The business had revenue of $660.58 million for the quarter, compared to the consensus estimate of $659.87 million. During the same period in the prior year, the business earned $1.72 earnings per share. On average, analysts expect that Masonite International Co. will post 9.48 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Robert Paxton sold 721 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 20,798 shares in the company, valued at $2,702,700.10. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP James C. Pelletier sold 262 shares of Masonite International stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $130.06, for a total transaction of $34,075.72. Following the completion of the transaction, the senior vice president now owns 12,739 shares in the company, valued at $1,656,834.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Paxton sold 721 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 20,798 shares in the company, valued at approximately $2,702,700.10. The disclosure for this sale can be found here. Insiders sold 1,641 shares of company stock worth $213,329 in the last quarter. Corporate insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Westwood Holdings Group Inc. lifted its holdings in Masonite International by 41.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 865,855 shares of the company’s stock valued at $73,303,000 after purchasing an additional 253,981 shares during the last quarter. Armistice Capital LLC bought a new position in shares of Masonite International in the fourth quarter valued at about $17,609,000. Fort Baker Capital Management LP acquired a new stake in shares of Masonite International during the 4th quarter worth about $14,054,000. Norges Bank bought a new stake in shares of Masonite International during the 4th quarter worth about $12,798,000. Finally, Wellington Management Group LLP acquired a new position in Masonite International in the 3rd quarter valued at about $13,283,000. 97.07% of the stock is currently owned by institutional investors.

Masonite International Company Profile

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.