StockNews.com upgraded shares of Masonite International (NYSE:DOOR – Get Rating) from a buy rating to a strong-buy rating in a research note released on Saturday.
Several other analysts have also commented on DOOR. Deutsche Bank Aktiengesellschaft initiated 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. TheStreet upgraded shares of Masonite International from a c+ rating to a b rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. reduced their target price on shares of Masonite International from $110.00 to $93.00 in a research note on Friday, July 15th. Finally, Robert W. Baird lifted their target price on shares of Masonite International from $102.00 to $104.00 in a research note on Wednesday, August 10th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $120.80.
Get Masonite International alerts:Masonite International Stock Up 1.0 %
DOOR opened at $84.16 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.85 and a quick ratio of 1.77. The company's 50-day moving average is $86.06 and its 200 day moving average is $85.64. Masonite International has a fifty-two week low of $69.41 and a fifty-two week high of $128.87. The firm has a market capitalization of $1.87 billion, a P/E ratio of 14.14 and a beta of 1.72.
Masonite International (NYSE:DOOR – Get Rating) last released its quarterly earnings results on Monday, August 8th. The company reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.15. The company had revenue of $762.00 million for the quarter, compared to analyst estimates of $725.81 million. Masonite International had a net margin of 4.99% and a return on equity of 32.68%. The firm's revenue was up 15.1% on a year-over-year basis. During the same period last year, the firm earned $2.23 earnings per share. Research analysts expect that Masonite International will post 10.34 earnings per share for the current fiscal year.Hedge Funds Weigh In On Masonite International
Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc grew its stake in Masonite International by 0.5% during the second quarter. Legal & General Group Plc now owns 22,733 shares of the company's stock valued at $1,746,000 after acquiring an additional 120 shares in the last quarter. ExodusPoint Capital Management LP grew its stake in Masonite International by 33.9% during the second quarter. ExodusPoint Capital Management LP now owns 48,498 shares of the company's stock valued at $3,726,000 after acquiring an additional 12,284 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Masonite International by 27.9% during the second quarter. Goldman Sachs Group Inc. now owns 96,526 shares of the company's stock valued at $7,417,000 after acquiring an additional 21,083 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Masonite International during the second quarter valued at approximately $6,089,000. Finally, Macquarie Group Ltd. grew its stake in Masonite International by 1.0% in the 2nd quarter. Macquarie Group Ltd. now owns 35,457 shares of the company's stock worth $2,724,000 after buying an additional 367 shares in the last quarter.
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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