Masonite International Corp (DOOR) was Initiated by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $89. FBR Capital advised their investors in a research report released on Jun 1, 2016.
Many Wall Street Analysts have commented on Masonite International Corp. Company shares were Reiterated by Imperial Capital on May 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 82.50 from a previous price target of $80 .Company shares were Reiterated by FBR Capital on May 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 89 from a previous price target of $87 .Robert W. Baird Initiated Masonite International Corp on Apr 8, 2016 to “Outperform”, Price Target of the shares are set at $75.
On the company’s financial health, Masonite International Corp reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.42. The company had revenue of $489.30 million for the quarter, compared to analysts expectations of $464.66 million. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.
Masonite International Corp opened for trading at $70.23 and hit $70.71 on the upside on Friday, eventually ending the session at $70.4, with a gain of 0.44% or 0.31 points. The heightened volatility saw the trading volume jump to 1,27,727 shares. Company has a market cap of $2,133 M.
In a different news, on May 25, 2016, Gail N Auerbach (Senior VP, Human Resources) sold 1,800 shares at $70.00 per share price. According to the SEC, on May 24, 2016, Robert J Byrne (director) sold 1,750 shares at $69.49 per share price. On May 16, 2016, Robert Edgar Lewis (officer ) sold 3,500 shares at $69.67 per share price, according to the Form-4 filing with the securities and exchange commission.
Masonite International Corporation is a designer and manufacturer of interior and exterior doors for residential construction residential repair renovation and remodeling and the non-residential building construction markets. The Company markets and sells its products to remodeling contractors builders homeowners retailers dealers lumberyards commercial and general contractors and architects through wholesale and retail distribution channels. Its portfolio of brands include Masonite Marshfield Premdor Mohawk Megantic Algoma Birchwood Best Lemieux Door-Stop and Harring Doors among others. Its other products also include the Vista Grande Storm Guard AvantGuard and Heritage Collection. Its product lines include residential doors architectural doors and components. The Company operates under the following geographical segments: North America; Europe Asia and Latin America and Africa.