Masonite International Co. (NYSE:DOOR – Get Rating) reached a new 52-week low during trading on Friday . The company traded as low as $69.01 and last traded at $69.07, with a volume of 406 shares changing hands. The stock had previously closed at $70.44.
Analyst Upgrades and Downgrades
DOOR has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of Masonite International from $102.00 to $104.00 in a research report on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Masonite International in a research report on Wednesday, August 17th. They issued a "buy" rating and a $135.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Masonite International from $110.00 to $93.00 in a research report on Friday, July 15th. StockNews.com raised shares of Masonite International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Finally, TheStreet downgraded shares of Masonite International from a "b" rating to a "c+" rating in a research report on Wednesday, September 14th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $120.80.
Get Masonite International alerts:Masonite International Stock Down 1.8 %
The business's 50 day moving average is $84.74 and its 200 day moving average is $84.43. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 11.62 and a beta of 1.72. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.77 and a current ratio of 2.85.
Masonite International (NYSE:DOOR – Get Rating) last released its earnings results on Monday, August 8th. The company reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.15. The company had revenue of $762.00 million during the quarter, compared to analysts' expectations of $725.81 million. Masonite International had a net margin of 4.99% and a return on equity of 32.68%. Masonite International's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the business earned $2.23 EPS. Sell-side analysts anticipate that Masonite International Co. will post 10.34 earnings per share for the current year.Institutional Trading of Masonite International
Several institutional investors and hedge funds have recently bought and sold shares of DOOR. Spire Wealth Management lifted its stake in Masonite International by 51.6% during the 2nd quarter. Spire Wealth Management now owns 385 shares of the company's stock valued at $30,000 after acquiring an additional 131 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Masonite International during the 1st quarter valued at approximately $46,000. Covestor Ltd acquired a new stake in Masonite International during the 1st quarter valued at approximately $55,000. Counterpoint Mutual Funds LLC acquired a new stake in Masonite International during the 1st quarter valued at approximately $84,000. Finally, SG Americas Securities LLC acquired a new stake in Masonite International during the 2nd quarter valued at approximately $104,000.
About Masonite International
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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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