Masonite International Corp. (DOOR) Rating Increased to Buy at the Stifel Nicolaus

Masonite International Corp. (DOOR) Rating Increased to Buy at the Stifel Nicolaus

Masonite International Corp. (NYSE:DOOR) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage currently has a $72.00 price objective on the stock, up from their previous price objective of $62.00. Stifel Nicolaus’ target price points to a potential upside of 10.01% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. FBR & Co reiterated a “buy” rating and issued a $89.00 price target on shares of Masonite International Corp. in a report on Wednesday, August 17th. Zacks Investment Research upgraded Masonite International Corp. from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Wednesday, October 12th. TheStreet cut Masonite International Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. Wedbush reiterated an “outperform” rating and issued a $72.00 price target on shares of Masonite International Corp. in a report on Wednesday, October 19th. Finally, Imperial Capital cut their target price on Masonite International Corp. from $80.00 to $77.00 and set an “outperform” rating on the stock in a research note on Friday, August 12th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Masonite International Corp. currently has an average rating of “Buy” and an average price target of $76.25.

Masonite International Corp. (NYSE:DOOR) opened at 65.45 on Thursday. Masonite International Corp. has a 1-year low of $45.14 and a 1-year high of $72.75. The firm’s 50-day moving average price is $59.96 and its 200 day moving average price is $65.94. The stock has a market cap of $1.96 billion, a PE ratio of 29.09 and a beta of 1.10.

Masonite International Corp. (NYSE:DOOR) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.18. The business had revenue of $489.65 million for the quarter, compared to analysts’ expectations of $503.66 million. Masonite International Corp. had a return on equity of 14.01% and a net margin of 3.54%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.53) earnings per share. Equities research analysts expect that Masonite International Corp. will post $3.04 EPS for the current year.

In other news, insider Robert Edgar Lewis sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $67.67, for a total transaction of $101,505.00. Following the sale, the insider now owns 24,140 shares of the company’s stock, valued at $1,633,553.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.42% of the company’s stock.

Several large investors have recently added to or reduced their stakes in DOOR. Vanguard Group Inc. raised its stake in Masonite International Corp. by 1.8% in the second quarter. Vanguard Group Inc. now owns 2,055,631 shares of the company’s stock worth $135,959,000 after buying an additional 36,203 shares in the last quarter. BlackRock Fund Advisors raised its stake in Masonite International Corp. by 3.1% in the third quarter. BlackRock Fund Advisors now owns 976,344 shares of the company’s stock worth $60,699,000 after buying an additional 29,464 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Masonite International Corp. by 38.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 819,513 shares of the company’s stock worth $53,678,000 after buying an additional 228,600 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Masonite International Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 780,020 shares of the company’s stock worth $51,091,000 after buying an additional 9,960 shares in the last quarter. Finally, Advisory Research Inc. raised its stake in shares of Masonite International Corp. by 18.0% in the second quarter. Advisory Research Inc. now owns 768,298 shares of the company’s stock worth $50,815,000 after buying an additional 117,062 shares in the last quarter.

Masonite International Corp. Company Profile

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