Masonite International (NYSE:DOOR) Sets New 12-Month High at $131.94

Shares of Masonite International Co. (NYSE:DOOR) hit a new 52-week high during trading on Friday . The company traded as high as $131.94 and last traded at $131.81, with a volume of 222512 shares trading hands. The stock had previously closed at $131.75.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DOOR shares. Royal Bank of Canada raised their target price on Masonite International from $87.00 to $133.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 21st. Oppenheimer started coverage on shares of Masonite International in a research report on Friday, January 19th. They issued an “outperform” rating and a $115.00 target price for the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $133.00 price target (up previously from $119.00) on shares of Masonite International in a report on Wednesday, February 21st. Wedbush reissued a “neutral” rating and issued a $133.00 price objective on shares of Masonite International in a report on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $133.00 target price (up previously from $115.00) on shares of Masonite International in a research note on Monday, February 12th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $116.89.

Masonite International Stock Performance

The company has a fifty day moving average price of $130.83 and a two-hundred day moving average price of $103.97. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 6.94 and a beta of 1.64. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.42 and a quick ratio of 1.42.

Masonite International (NYSE:DOOR) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.05). The business had revenue of $660.58 million during the quarter, compared to analyst estimates of $659.87 million. Masonite International had a return on equity of 20.17% and a net margin of 4.18%. During the same period in the prior year, the firm earned $1.72 EPS. As a group, equities research analysts expect that Masonite International Co. will post 9.48 EPS for the current year.

Insider Transactions at Masonite International

In related news, insider Robert Paxton sold 721 shares of the stock in a transaction on Thursday, February 22nd. The stock was 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 owns 20,798 shares in the company, valued at approximately $2,702,700.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Masonite International news, SVP James C. Pelletier sold 262 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 transaction of $34,075.72. Following the transaction, the senior vice president now directly owns 12,739 shares in the company, valued at approximately $1,656,834.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Paxton sold 721 shares of the stock in a transaction on 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 sale, the insider now owns 20,798 shares of the company’s stock, valued at approximately $2,702,700.10. The disclosure for this sale can be found here. Insiders sold a total of 1,641 shares of company stock valued at $213,329 in the last three months. 1.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Westwood Holdings Group Inc. grew its stake in Masonite International by 41.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 865,855 shares of the company’s stock valued at $73,303,000 after acquiring an additional 253,981 shares in the last quarter. Armistice Capital LLC purchased a new position in Masonite International during the fourth quarter valued at approximately $17,609,000. Fort Baker Capital Management LP acquired a new position in Masonite International in the 4th quarter valued at approximately $14,054,000. Norges Bank acquired a new position in Masonite International in the 4th quarter valued at approximately $12,798,000. Finally, Wellington Management Group LLP purchased a new stake in Masonite International in the 3rd quarter worth approximately $13,283,000. Hedge funds and other institutional investors own 97.07% 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.