Robert W. Baird Raises Masonite International (NYSE:DOOR) Price Target to $72.00

Masonite International (NYSE:DOOR) had its price target boosted by Robert W. Baird from $64.00 to $72.00 in a research report report published on Monday, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.

DOOR has been the topic of a number of other research reports. ValuEngine raised shares of Masonite International from a sell rating to a hold rating in a research note on Thursday, April 30th. Royal Bank of Canada raised their price target on shares of Masonite International from $52.00 to $68.00 in a research report on Thursday, May 7th. Stifel Nicolaus upped their price objective on shares of Masonite International from $72.00 to $85.00 and gave the stock a buy rating in a research report on Friday, June 19th. Nomura Securities increased their target price on shares of Masonite International from $57.00 to $69.00 and gave the stock a buy rating in a research note on Friday, April 17th. Finally, Benchmark lifted their price target on Masonite International from $77.00 to $81.00 and gave the company a buy rating in a research note on Thursday, June 18th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Masonite International presently has an average rating of Buy and an average target price of $82.09.

Shares of DOOR opened at $77.12 on Monday. The business’s 50-day moving average is $68.60 and its two-hundred day moving average is $66.47. The company has a market capitalization of $1.89 billion, a P/E ratio of 18.81 and a beta of 1.75. Masonite International has a fifty-two week low of $34.88 and a fifty-two week high of $89.21. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.90 and a current ratio of 2.89.

Masonite International (NYSE:DOOR) last issued its earnings results on Tuesday, May 5th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.62. The firm had revenue of $551.23 million for the quarter, compared to the consensus estimate of $521.66 million. Masonite International had a return on equity of 16.83% and a net margin of 3.22%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. Analysts forecast that Masonite International will post 3.49 EPS for the current year.

In other Masonite International news, insider Robert Paxton sold 3,195 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $71.36, for a total transaction of $227,995.20. Following the completion of the sale, the insider now directly owns 13,491 shares in the company, valued at approximately $962,717.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.49% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. purchased a new position in Masonite International in the 1st quarter valued at $37,000. Marshall Wace LLP acquired a new stake in shares of Masonite International in the first quarter valued at about $37,000. Marshall Wace North America L.P. lifted its stake in shares of Masonite International by 85.5% in the first quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock worth $72,000 after buying an additional 664 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Masonite International by 43.5% during the first quarter. Meeder Asset Management Inc. now owns 1,745 shares of the company’s stock worth $83,000 after acquiring an additional 529 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Masonite International during the 4th quarter valued at about $87,000. 97.44% of the stock is owned by hedge funds and other institutional investors.

Masonite International Company Profile

Masonite International Corporation designs, manufactures, 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. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.

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Analyst Recommendations for Masonite International (NYSE:DOOR)

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