Masonite International (DOOR) Now Covered by Analysts at Seaport Global Securities

Seaport Global Securities started coverage on shares of Masonite International (NYSE:DOOR) in a research report sent to investors on Friday, Marketbeat reports. The brokerage issued a buy rating and a $61.00 price target on the stock.

Several other brokerages have also recently commented on DOOR. Royal Bank of Canada set a $58.00 price objective on shares of Masonite International and gave the company a buy rating in a research note on Tuesday, February 5th. Zacks Investment Research cut shares of Masonite International from a hold rating to a sell rating in a research note on Monday, January 14th. Nomura set a $70.00 price objective on shares of Masonite International and gave the company a buy rating in a research note on Monday, December 17th. ValuEngine cut shares of Masonite International from a hold rating to a sell rating in a research note on Friday, March 1st. Finally, Wedbush decreased their price objective on shares of Masonite International from $60.00 to $50.00 and set a neutral rating for the company in a research note on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Masonite International has a consensus rating of Hold and a consensus price target of $62.29.

NYSE:DOOR opened at $52.91 on Friday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 14.38 and a beta of 1.46. Masonite International has a twelve month low of $43.76 and a twelve month high of $73.40. The company has a current ratio of 2.84, a quick ratio of 1.82 and a debt-to-equity ratio of 1.28.

Masonite International (NYSE:DOOR) last released its earnings results on Monday, February 18th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. The company had revenue of $528.35 million for the quarter, compared to the consensus estimate of $528.60 million. Masonite International had a net margin of 4.27% and a return on equity of 14.96%. Masonite International’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 EPS. On average, equities research analysts expect that Masonite International will post 3.92 earnings per share for the current year.

In other Masonite International news, insider Robert Edgar Lewis sold 1,000 shares of Masonite International stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $55.28, for a total transaction of $55,280.00. Following the completion of the sale, the insider now directly owns 21,238 shares in the company, valued at approximately $1,174,036.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.38% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of Masonite International by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 300,375 shares of the company’s stock valued at $13,465,000 after purchasing an additional 19,388 shares during the period. Norges Bank acquired a new position in shares of Masonite International in the 4th quarter valued at $21,146,000. Dimensional Fund Advisors LP lifted its stake in shares of Masonite International by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 627,512 shares of the company’s stock valued at $28,133,000 after purchasing an additional 18,647 shares during the period. Nordea Investment Management AB lifted its stake in shares of Masonite International by 13.6% in the 4th quarter. Nordea Investment Management AB now owns 75,630 shares of the company’s stock valued at $3,391,000 after purchasing an additional 9,078 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Masonite International by 498.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 8,999 shares of the company’s stock valued at $403,000 after purchasing an additional 7,495 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

About Masonite International

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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Analyst Recommendations for Masonite International (NYSE:DOOR)

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