Masonite International Co. (NYSE:DOOR) Given Average Rating of "Moderate Buy" by Brokerages

Oct 05, 2023

Shares of Masonite International Co. (NYSE:DOOR - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $118.00.

DOOR has been the subject of several analyst reports. Benchmark lifted their price target on shares of Masonite International from $113.00 to $133.00 and gave the company a "buy" rating in a report on Thursday, August 10th. Royal Bank of Canada lifted their price target on shares of Masonite International from $105.00 to $106.00 and gave the company a "sector perform" rating in a report on Friday, August 11th. Robert W. Baird lifted their price target on shares of Masonite International from $110.00 to $115.00 in a report on Wednesday, May 10th. Stifel Nicolaus increased their target price on Masonite International from $102.00 to $115.00 in a report on Wednesday, May 10th. Finally, StockNews.com assumed coverage on Masonite International in a report on Thursday, August 17th. They set a "buy" rating on the stock.

Get Our Latest Stock Report on Masonite International

In other news, CAO Catherine Anne Shellabarger sold 803 shares of the firm's stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $93.50, for a total value of $75,080.50. Following the transaction, the chief accounting officer now owns 3,769 shares of the company's stock, valued at approximately $352,401.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.21% of the company's stock.

Several hedge funds have recently added to or reduced their stakes in DOOR. Hook Mill Capital Partners LP bought a new position in Masonite International during the second quarter worth about $121,000. Wells Fargo & Company MN boosted its holdings in Masonite International by 21.4% during the second quarter. Wells Fargo & Company MN now owns 15,435 shares of the company's stock worth $1,581,000 after buying an additional 2,716 shares during the last quarter. Royal Bank of Canada boosted its holdings in Masonite International by 7.2% during the second quarter. Royal Bank of Canada now owns 32,033 shares of the company's stock worth $3,281,000 after buying an additional 2,152 shares during the last quarter. Stifel Financial Corp boosted its holdings in Masonite International by 4.7% during the second quarter. Stifel Financial Corp now owns 20,739 shares of the company's stock worth $2,124,000 after buying an additional 930 shares during the last quarter. Finally, Hudson Bay Capital Management LP boosted its holdings in Masonite International by 25.6% during the second quarter. Hudson Bay Capital Management LP now owns 44,179 shares of the company's stock worth $4,526,000 after buying an additional 9,000 shares during the last quarter.

DOOR stock opened at $99.22 on Friday. Masonite International has a 1-year low of $65.71 and a 1-year high of $109.58. The firm has a market cap of $2.18 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.01 and a beta of 1.63. The business's 50 day moving average is $102.48 and its 200-day moving average is $94.75. The company has a current ratio of 2.86, a quick ratio of 1.93 and a debt-to-equity ratio of 1.29.

Masonite International (NYSE:DOOR - Get Free Report) last released its quarterly earnings data on Tuesday, August 8th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.21. Masonite International had a return on equity of 24.81% and a net margin of 6.09%. The company had revenue of $742.00 million for the quarter, compared to analyst estimates of $729.18 million. During the same period in the prior year, the company posted $2.58 EPS. The company's revenue was down 2.6% compared to the same quarter last year. Equities analysts anticipate that Masonite International will post 7.94 earnings per share for the current fiscal year.

Masonite International Corporation designs, manufactures, markets, 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. It offers molded panel, flush, stile and rail, steel, and fiberglass residential doors, as well as medium-density fiberboard (MDF) and architectural interior doors.

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