Masonite International Corporation’s (DOOR) Outperform Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada reissued their outperform rating on shares of Masonite International Corporation (NYSE:DOOR) in a report released on Thursday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has a $74.00 target price on the stock, up from their prior target price of $72.00.
Other research analysts have also issued reports about the stock. Instinet reissued a buy rating and set a $77.00 price target (down from $86.00) on shares of Masonite International Corporation in a research report on Thursday, August 10th. B. Riley reissued a buy rating on shares of Masonite International Corporation in a research report on Wednesday, November 1st. Stifel Nicolaus lowered shares of Masonite International Corporation from a buy rating to a hold rating and dropped their price target for the company from $85.00 to $72.00 in a research report on Friday, August 11th. Nomura set a $77.00 price target on shares of Masonite International Corporation and gave the company a buy rating in a research report on Thursday, August 10th. Finally, BidaskClub lowered shares of Masonite International Corporation from a hold rating to a sell rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $76.20.
Shares of Masonite International Corporation (DOOR) traded down $0.10 during midday trading on Thursday, hitting $70.80. 224,400 shares of the stock were exchanged, compared to its average volume of 218,010. The firm has a market capitalization of $2,015.75, a PE ratio of 21.99 and a beta of 1.29. Masonite International Corporation has a 52-week low of $50.40 and a 52-week high of $85.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.12 and a quick ratio of 1.53.
Masonite International Corporation (NYSE:DOOR) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. The firm had revenue of $517.50 million during the quarter, compared to analysts’ expectations of $509.04 million. Masonite International Corporation had a net margin of 4.75% and a return on equity of 14.38%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. research analysts forecast that Masonite International Corporation will post 3.47 EPS for the current year.
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In other news, Director Robert J. Byrne acquired 1,500 shares of Masonite International Corporation stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of $60.81 per share, with a total value of $91,215.00. Following the completion of the purchase, the director now owns 9,633 shares in the company, valued at $585,782.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.19% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of DOOR. BlackRock Inc. grew its stake in Masonite International Corporation by 84,431.7% in the 1st quarter. BlackRock Inc. now owns 2,133,580 shares of the company’s stock worth $169,086,000 after buying an additional 2,131,056 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Masonite International Corporation in the 3rd quarter worth approximately $23,052,000. Koch Industries Inc. purchased a new position in Masonite International Corporation in the 2nd quarter worth approximately $248,000. Pembroke Management LTD purchased a new position in Masonite International Corporation in the 2nd quarter worth approximately $14,850,000. Finally, Impala Asset Management LLC purchased a new position in Masonite International Corporation in the 2nd quarter worth approximately $14,300,000. 98.28% of the stock is owned by institutional investors.
About Masonite International Corporation
Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.
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