Masonite International Co. (NYSE:DOOR – Get Rating) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 443,800 shares, a decline of 10.7% from the August 15th total of 497,200 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 155,000 shares, the short-interest ratio is currently 2.9 days.
Masonite International Stock Up 2.1 %
Shares of NYSE DOOR traded up $1.56 during trading hours on Wednesday, hitting $74.56. 2,382 shares of the stock were exchanged, compared to its average volume of 145,890. The company has a quick ratio of 1.77, a current ratio of 2.85 and a debt-to-equity ratio of 1.31. The company has a market cap of $1.66 billion, a PE ratio of 12.27 and a beta of 1.72. The firm has a fifty day moving average price of $85.40 and a 200-day moving average price of $84.86. Masonite International has a 12 month low of $69.41 and a 12 month high of $128.87.
Get Masonite International alerts:Masonite International (NYSE:DOOR – Get Rating) last posted its quarterly earnings data on Monday, August 8th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.43 by $0.15. The firm had revenue of $762.00 million during 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%. Masonite International's revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.23 EPS. On average, sell-side analysts expect that Masonite International will post 10.34 EPS for the current year.
Hedge Funds Weigh In On Masonite International
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management increased its position in Masonite International by 51.6% during the second quarter. Spire Wealth Management now owns 385 shares of the company's stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Masonite International during the first quarter worth about $46,000. Covestor Ltd acquired a new stake in shares of Masonite International during the first quarter worth about $55,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Masonite International during the first quarter worth about $84,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Masonite International during the second quarter worth about $104,000.Wall Street Analyst Weigh In
A number of research firms recently commented on DOOR. JPMorgan Chase & Co. dropped their price target on shares of Masonite International from $110.00 to $93.00 in a research note on Friday, July 15th. Robert W. Baird lifted their price target on shares of Masonite International from $102.00 to $104.00 in a research note on Wednesday, August 10th. StockNews.com raised shares of Masonite International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft started 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 for the company. Finally, TheStreet cut shares of Masonite International from a "b" rating to a "c+" rating in a research report on Wednesday, September 14th. Four research 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 presently has an average rating of "Buy" and a consensus target price of $120.80.
Masonite International Company Profile
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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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