Masonite International (DOOR) Price Target Cut to $66.00 by Analysts at B. Riley

Masonite International (NYSE:DOOR) had its price objective trimmed by B. Riley from $80.00 to $66.00 in a report released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently commented on DOOR. ValuEngine upgraded shares of Masonite International from a sell rating to a hold rating in a research report on Friday, August 10th. Zacks Investment Research upgraded shares of Masonite International from a sell rating to a hold rating in a research report on Thursday, July 26th. TheStreet cut shares of Masonite International from a b rating to a c+ rating in a research report on Wednesday, August 22nd. Royal Bank of Canada set a $76.00 price target on shares of Masonite International and gave the stock a buy rating in a research report on Monday, October 8th. Finally, Nomura dropped their price target on shares of Masonite International from $86.00 to $75.00 and set a buy rating on the stock in a research report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $69.14.

Masonite International stock traded up $0.58 during midday trading on Thursday, hitting $55.08. The company’s stock had a trading volume of 290,600 shares, compared to its average volume of 191,866. The company has a current ratio of 2.51, a quick ratio of 1.54 and a debt-to-equity ratio of 0.88. Masonite International has a 12 month low of $51.15 and a 12 month high of $75.95. The stock has a market cap of $1.57 billion, a PE ratio of 16.54 and a beta of 1.28.

Masonite International (NYSE:DOOR) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.02). Masonite International had a return on equity of 14.63% and a net margin of 7.08%. The business had revenue of $557.00 million during the quarter, compared to the consensus estimate of $559.88 million. During the same quarter last year, the firm posted $1.00 earnings per share. Masonite International’s revenue was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Masonite International will post 4.05 EPS for the current fiscal year.

In other Masonite International news, insider Robert Edgar Lewis sold 4,500 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $66.44, for a total transaction of $298,980.00. Following the sale, the insider now owns 16,786 shares in the company, valued at approximately $1,115,261.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director George A. Lorch sold 12,800 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $68.64, for a total value of $878,592.00. Following the sale, the director now owns 22,832 shares in the company, valued at approximately $1,567,188.48. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. raised its holdings in Masonite International by 69.4% during the 2nd quarter. American Century Companies Inc. now owns 89,804 shares of the company’s stock worth $6,452,000 after buying an additional 36,777 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Masonite International by 10.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 226,730 shares of the company’s stock worth $16,291,000 after buying an additional 21,520 shares during the period. Envestnet Asset Management Inc. raised its holdings in Masonite International by 773.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,008 shares of the company’s stock worth $143,000 after buying an additional 1,778 shares during the period. Pembroke Management LTD raised its holdings in Masonite International by 62.4% during the 2nd quarter. Pembroke Management LTD now owns 206,945 shares of the company’s stock worth $14,869,000 after buying an additional 79,500 shares during the period. Finally, Speece Thorson Capital Group Inc. acquired a new stake in Masonite International during the 2nd quarter worth about $4,670,000. Hedge funds and other institutional investors own 96.21% of the company’s stock.

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.

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Analyst Recommendations for Masonite International (NYSE:DOOR)

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