Masonite International (NYSE:DOOR) Hits New 1-Year High at $101.83

Posted by Defense World Staff on Jun 9th, 2023

Masonite International Co. (NYSE:DOOR – Get Rating)’s share price hit a new 52-week high on Wednesday . The company traded as high as $101.83 and last traded at $101.50, with a volume of 2878 shares. The stock had previously closed at $100.49.

Wall Street Analysts Forecast Growth

DOOR has been the topic of a number of research reports. StockNews.com cut Masonite International from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Robert W. Baird increased their price target on Masonite International from $110.00 to $115.00 in a research report on Wednesday, May 10th. Royal Bank of Canada increased their price target on Masonite International from $95.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 10th. Finally, Stifel Nicolaus increased their price target on Masonite International from $102.00 to $115.00 in a research report on Wednesday, May 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $106.43.

Masonite International Trading Down 0.9 %

The company has a current ratio of 3.39, a quick ratio of 2.10 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 12.07 and a beta of 1.60. The firm has a 50-day moving average of $91.30 and a 200 day moving average of $86.61.

Masonite International (NYSE:DOOR – Get Rating) last posted its earnings results on Monday, May 8th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.58 by $0.30. Masonite International had a return on equity of 27.22% and a net margin of 6.40%. The firm had revenue of $726.00 million for the quarter, compared to analysts’ expectations of $688.20 million. During the same period last year, the firm earned $2.89 EPS. The firm’s revenue was up .0% compared to the same quarter last year. As a group, equities analysts predict that Masonite International Co. will post 7.99 EPS for the current fiscal year.

Insider Buying and Selling at Masonite International

In other Masonite International news, insider Alexander Albert Legall sold 1,700 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $92.01, for a total transaction of $156,417.00. Following the completion of the transaction, the insider now directly owns 3,257 shares of the company’s stock, valued at approximately $299,676.57. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Masonite International news, insider Alexander Albert Legall sold 1,700 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $92.01, for a total transaction of $156,417.00. Following the completion of the transaction, the insider now directly owns 3,257 shares of the company’s stock, valued at approximately $299,676.57. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Catherine Anne Shellabarger sold 803 shares of the stock in a transaction on 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 directly owns 3,769 shares of the company’s stock, valued at $352,401.50. The disclosure for this sale can be found here. 1.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Masonite International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in shares of Masonite International by 0.5% during the second quarter. Legal & General Group Plc now owns 22,733 shares of the company’s stock worth $1,746,000 after acquiring an additional 120 shares in the last quarter. Arizona State Retirement System increased its holdings in Masonite International by 2.5% in the fourth quarter. Arizona State Retirement System now owns 5,969 shares of the company’s stock worth $481,000 after buying an additional 144 shares during the last quarter. PFS Investments Inc. raised its position in Masonite International by 5.6% during the third quarter. PFS Investments Inc. now owns 2,857 shares of the company’s stock valued at $204,000 after acquiring an additional 152 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Masonite International by 1.7% in the fourth quarter. SummerHaven Investment Management LLC now owns 9,381 shares of the company’s stock valued at $756,000 after acquiring an additional 154 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Masonite International by 55.0% in the third quarter. Federated Hermes Inc. now owns 513 shares of the company’s stock worth $37,000 after acquiring an additional 182 shares in the last quarter. 98.67% of the stock is owned by institutional investors.

Masonite International Company Profile

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Masonite International Corp. engages in the manufacture of interior and exterior doors for residential and architectural use. It operates through the following geographical segments: North American Residential, Europe, Architectural, and Corporate and Other. The Corporate and other segment includes unallocated corporate costs and the results of immaterial operating segments.