Masonite International (NYSE:DOOR) Issues Quarterly Earnings Results

Masonite International (NYSE:DOOR) posted its earnings results on Monday. The company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.76), Briefing.com reports. The business had revenue of $668.34 million for the quarter, compared to analysts’ expectations of $715.38 million. Masonite International had a net margin of 4.18% and a return on equity of 20.17%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the business posted $1.88 EPS.

Masonite International Price Performance

Shares of NYSE:DOOR traded up $0.07 during midday trading on Thursday, hitting $132.69. The company’s stock had a trading volume of 132,110 shares, compared to its average volume of 673,784. Masonite International has a 12-month low of $76.87 and a 12-month high of $132.85. The company has a market cap of $2.92 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 6.64 and a beta of 1.63. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.42 and a current ratio of 2.42. The business’s 50 day simple moving average is $131.30 and its 200 day simple moving average is $107.11.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DOOR shares. Oppenheimer started coverage on Masonite International in a research note on Friday, January 19th. They issued an “outperform” rating and a $115.00 target price for the company. Royal Bank of Canada upped their target price on Masonite International from $87.00 to $133.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 21st. TheStreet cut shares of Masonite International from a “b” rating to a “c+” rating in a research note on Tuesday, February 20th. StockNews.com started coverage on Masonite International in a research report on Thursday, May 2nd. They set a “hold” rating on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $133.00 price target (up previously from $119.00) on shares of Masonite International in a report on Wednesday, February 21st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Masonite International presently has an average rating of “Hold” and an average target price of $116.89.

Insider Buying and Selling at Masonite International

In related news, insider Robert Paxton sold 721 shares of Masonite International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total transaction of $93,693.95. Following the transaction, the insider now owns 20,798 shares in the company, valued at $2,702,700.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Christopher O. Ball sold 396 shares of Masonite International stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total value of $51,503.76. Following the completion of the sale, the insider now owns 13,263 shares in the company, valued at approximately $1,724,985.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Paxton sold 721 shares of Masonite International stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total value of $93,693.95. Following the completion of the transaction, the insider now directly owns 20,798 shares of the company’s stock, valued at $2,702,700.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,641 shares of company stock worth $213,329. Insiders own 1.21% of the company’s stock.

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.