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Masonite International Corporation (DOOR)
12 August 2017, 03:02 | Rodolfo Wallace
Masonite International Corporation (DOOR)
Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Masonite International Corporation (NYSE:DOOR). Four analysts have provided estimates for Masonite International Corporation's earnings, with the highest EPS estimate coming in at $1.19 and the lowest estimate coming in at $1.04. On Monday, February 27 Repar Lawrence P sold $1.54 million worth of Masonite International Corp (NYSE:DOOR) or 19,647 shares. The firm has "Outperform" rating given on Wednesday, March 8 by RBC Capital Markets.
Masonite International Corporation has a consensus buy rating from 12 Wall Street analysts, and the number of shares now sold short amount to at least 2.02% of shares outstanding.
11/06/2015 - Masonite International Corporation had its " rating reiterated by analysts at RBC Capital.
Among 8 analysts covering Masonite International (NYSE:DOOR), 8 have Buy rating, 0 Sell and 0 Hold. The firm had revenue of $487.18 million during the quarter, compared to analysts' expectations of $497.51 million. Masonite International Corporation had a return on equity of 14.13% and a net margin of 4.95%.
The impact of softer than expected demand, foreign exchange, and certain plant consolidations resulted in modest net sales growth in the quarter, while the benefit of improved pricing was offset by approximately $4 million of discrete costs related to legal reserves, the resolution of customer claims in the United Kingdom and plant transition costs. The company's quarterly revenue was up 1.1% compared to the same quarter past year.
A number of equities analysts recently weighed in on the company. Masonite International had 18 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of Masonite International Corp (NYSE:DOOR) earned "Hold" rating by Stifel Nicolaus on Friday, August 21. Royal Bank Of Canada reissued a "buy" rating and issued a $92.00 price target on shares of Masonite International Corporation in a report on Monday, July 24th. Nomura initiated coverage on shares of Masonite International Corporation in a research note on Wednesday, April 12th. Finally, Wedbush restated an "outperform" rating and issued a $85.00 price objective on shares of Masonite International Corporation in a research report on Friday, June 16th.
The average Wall Street analyst rating for Masonite International Corporation is Strong Buy, according to the average of 10 analyst scores.
In other news, insider Robert Edgar Lewis sold 3,500 shares of the firm's stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $74.08, for a total value of $259,280.00. Vanguard Group Inc. now owns 2,351,329 shares of the company's stock valued at $186,343,000 after buying an additional 68,943 shares during the period. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Moreover, Northern has 0.01% invested in Masonite International Corp (NYSE:DOOR) for 404,337 shares. Bank of America Corp DE increased its stake in Masonite International Corporation by 49.0% in the first quarter. Dimensional Fund Advisors LP now owns 115,475 shares of the company's stock valued at $9,151,000 after buying an additional 96,723 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in Masonite International Corporation during the first quarter worth approximately $491,000.
Thrivent Financial For Lutherans bolstered its position by buying 56,010 shares an increase of 94.6%. BlackRock Inc. increased its stake in Masonite International Corporation by 84,431.7% in the first quarter. Strs Ohio now owns 1,900 shares of the company's stock valued at $150,000 after buying an additional 1,600 shares during the last quarter. Institutional investors own 98.25% of the company's stock.
TRADEMARK VIOLATION NOTICE: This story was first published by Week Herald and is the property of of Week Herald. The correct version of this story can be viewed at https://weekherald.com/2017/08/10/masonite-international-corporation-nysedoor-releases-quarterly-earnings-results-misses-estimates-by-0-22-eps.html. Its portfolio of brands includes Masonite, Marshfield, Premdor, Mohawk, Megantic, Algoma, Birchwood Best, Lemieux, Door-Stop, Harring Doors, Performance Doorset Solutions and National Hickman. The firm has a market cap of $1.77 billion, a PE ratio of 18.69 and a beta of 1.26. The stock's 52-week range is $55.60 to $85.30, and its 3-month range is $50.40 to $79.90. One of the more popular combinations is to use the 50-day and 200-day moving averages.
Masonite International Corporation is a designer, manufacturer and distributor of interior and exterior doors for the new construction and fix, renovation and remodeling sectors of the residential and non-residential building construction markets. Its segments are organized and managed principally by end market: North American Residential, Europe and Architectural.
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