Canaccord Genuity Downgrades NxStage Medical (NXTM); 8 Analysts Bullish Masonite International (DOOR)

Ebony Scott
August 12, 2017

Shares of Masonite International Corporation (NYSE DOOR) opened at 72.75 on Thursday. Following the completion of the sale, the insider now owns 22,618 shares in the company, valued at approximately $1,675,541.44. Wellington Management Group LLP increased its stake in Masonite International Corporation by 20.2% in the first quarter. PA's holdings, making the stock its 26th largest position.

A number of other institutional investors also recently added to or reduced their stakes in DOOR.

Thrivent Financial For Lutherans bolstered its position by buying 56,010 shares an increase of 94.6%. Masonite International Corporation reported earnings of $1.02 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.8%.

U.S. based company, Masonite International Corporation (DOOR)'s latest closing price distance was at -19.10% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -22.54% and -23.68% compared with the 20 Day Moving Average. Clearbridge Investments LLC now owns 955,984 shares of the company's stock valued at $75,762,000 after buying an additional 397,684 shares in the last quarter. Stifel Financial boosted its position in Masonite International Corporation by 3.4% in the Q1. American International Group has an ownership of 18,476 company stock worth at $1,464,000 after scooping up an extra 1,011 shares through out the previous quarter, Lastly, Envestnet Asset Management boosted its position in Masonite International Corporation by 68.8% in the Q4. Clearbridge Investments LLC increased its stake in Masonite International Corporation by 71.2% in the first quarter. US Bancorp DE now owns 11,530 shares of the company's stock valued at $870,000 after buying an additional 782 shares during the period. The stock decreased 5.03% or $0.09 on August 9, reaching $1.7.

The company's P/E ratio is 18.33 and market cap is 1.74B. Shares are trading at $58.35 which is much lower than $75.23, the stock's 50 day moving average and which is quite a bit below the 200 day moving average of $75.70. The firm has "Outperform" rating given on Tuesday, October 6 by RBC Capital Markets. Amalgamated Bank's holdings in Masonite International Corporation were valued $295,000 as of its latest document with the Security and Exchange Commission. The firm had revenue of $487.18 million during the quarter, compared to analysts' expectations of $497.51 million. The company reported $0.89 EPS for the quarter, missing the Zacks' consensus estimate of $1.11 by $0.22. Diluted earnings per share were listed at $0.89, compared to $1.06 past year this time. Equities research analysts forecast that Masonite International Corporation will post $4.21 EPS for the current year.

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The basic materials company reported $1.08 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.01 by $0.07. Current price level places the company's stock about -2.7% from the 52-week high and 34.39% away from the 52-week low.

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Based on the latest brokerage notes which have been released to investors, 7 brokers have issued a rating of "strong buy", 5 brokers "buy", 0 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell". Instinet dropped their target price on Masonite International Corporation from $90.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, May 9th. Roth Capital maintained the shares of PQ in report on Wednesday, May 31 with "Buy" rating. The company has a consensus rating of "Buy" and an average price target of $78.82. On Friday, February 24 the stock rating was maintained by Wedbush with "Outperform".

In other news, insider Robert Edgar Lewis sold 3,500 shares of the firm's stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $74.08, for a total transaction of $259,280.00. It also reduced Morgan Stanley (NYSE:MS) stake by 1.91 million shares and now owns 4.38 million shares.

Masonite International Corporation is a designer and maker of interior and exterior doors for residential construction, residential fix, renovation and remodeling, and the non-residential building construction markets.

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