Shares of Masonite International Corp (NYSE:DOOR) have received an average rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $73.67.

Several equities research analysts have recently commented on DOOR shares. TheStreet raised shares of Masonite International from a “c+” rating to a “b-” rating in a research report on Thursday, May 31st. B. Riley decreased their target price on shares of Masonite International from $86.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, August 13th. Zacks Investment Research raised shares of Masonite International from a “sell” rating to a “hold” rating in a research report on Monday, May 7th. ValuEngine raised shares of Masonite International from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Wedbush reissued a “neutral” rating and set a $70.00 target price on shares of Masonite International in a research report on Monday, April 30th.

In other Masonite International news, insider Robert Edgar Lewis sold 4,500 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $66.44, for a total value of $298,980.00. Following the completion of the sale, the insider now directly owns 16,786 shares of the company’s stock, valued at approximately $1,115,261.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.38% of the company’s stock.

A number of hedge funds have recently modified their holdings of DOOR. Envestnet Asset Management Inc. grew its position in Masonite International by 773.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,008 shares of the company’s stock worth $143,000 after purchasing an additional 1,778 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in Masonite International by 153.8% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,398 shares of the company’s stock worth $147,000 after purchasing an additional 1,453 shares in the last quarter. Hartford Investment Management Co. bought a new stake in Masonite International in the 2nd quarter worth about $209,000. Xact Kapitalforvaltning AB bought a new stake in Masonite International in the 4th quarter worth about $233,000. Finally, First Republic Investment Management Inc. grew its position in Masonite International by 30.6% in the 1st quarter. First Republic Investment Management Inc. now owns 4,459 shares of the company’s stock worth $274,000 after purchasing an additional 1,045 shares in the last quarter. 98.85% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:DOOR traded up $0.25 during midday trading on Wednesday, hitting $67.60. 86,927 shares of the company’s stock were exchanged, compared to its average volume of 195,058. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.51 and a quick ratio of 1.54. The company has a market cap of $1.88 billion, a PE ratio of 20.30 and a beta of 1.19. Masonite International has a 12 month low of $58.40 and a 12 month high of $75.95.

Masonite International (NYSE:DOOR) last posted its earnings results on Wednesday, August 8th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.10 by $0.14. The company had revenue of $566.70 million during the quarter, compared to the consensus estimate of $560.47 million. Masonite International had a net margin of 7.43% and a return on equity of 14.98%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. equities research analysts expect that Masonite International will post 4.04 earnings per share for the current fiscal year.

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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