Masonite International Corp (DOOR) Is Now En Route to Higher Prices

Masonite International Corp (NYSE: DOOR) is 53.56% higher on its value in year-to-date trading and has touched a low of $76.87 and a high of $130.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DOOR stock was last observed hovering at around $130.51 in the last trading session, with the day’s loss setting it -0.51%.

Currently trading at $130.00, the stock is 38.81% and 43.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing -0.39% at the moment leaves the stock 38.86% off its SMA200. DOOR registered 43.52% gain for a year compared to 6-month loss of 22.90%. The firm has a 50-day simple moving average (SMA 50) of $1.33 and a 200-day simple moving average (SMA200) of $10.06.

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The stock witnessed a 46.74% gain in the last 1 month and extending the period to 3 months gives it a 61.97%, and is 42.25% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.45% over the week and 2.24% over the month.

Current P/E ratio is 18.28 and Fwd P/E is 15.00. Profit margin for the company is 5.60%. Distance from 52-week low is 69.12% and -0.51% from its 52-week high. The company has generated returns on investments over the last 12 months (7.65%).

Masonite International Corp quarterly earnings per share for the current quarter are estimated at $1.31 with sales reaching $662.25M over the same period.The EPS is expected to shrink by -22.66% this year, but quarterly earnings will post -2.00% year-over-year. Quarterly sales are estimated to shrink -2.00% in year-over-year returns.

Masonite International Corp (DOOR) Top Institutional Holders

301 institutions hold shares in Masonite International Corp (DOOR), with institutional investors hold 97.17% of the company’s shares. The shares outstanding are 22.16M, and float is at 21.54M with Short Float at 1.48%. Institutions hold 96.02% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 2.25 million shares valued at $230.17 million. The investor’s holdings represent 10.21% of the DOOR Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 1.66 million shares valued at $170.13 million to account for 7.55% of the shares outstanding. The other top investors are ClearBridge Investments, LLC which holds 1.59 million shares representing 7.25% and valued at over $163.36 million, while Blackrock Inc. holds 7.09% of the shares totaling 1.56 million with a market value of $159.86 million.

Masonite International Corp (DOOR) Insider Activity

A total of 4 insider transactions have happened at Masonite International Corp (DOOR) in the last six months, with sales accounting for 3 and purchases happening 1 times. The most recent transaction is an insider purchase by Steinfeld Jay Ira,the company’sDirector. SEC filings show that Steinfeld Jay Ira bought 600 shares of the company’s common stock on Nov 10 at a price of $81.97 per share for a total of $49182.0. Following the purchase, the insider now owns 6217.0 shares.

Masonite International Corp disclosed in a document filed with the SEC on Jun 02 that Shellabarger Catherine Anne (VP & Chief Accounting Officer) sold a total of 803 shares of the company’s common stock. The trade occurred on Jun 02 and was made at $93.50 per share for $75080.0. Following the transaction, the insider now directly holds 3769.0 shares of the DOOR stock.

Still, SEC filings show that on May 11, Legall Alexander Albert () disposed off 1,700 shares at an average price of $92.01 for $0.16 million. The insider now directly holds 3,257 shares of Masonite International Corp (DOOR).

Masonite International Corp (DOOR): Who are the competitors?

The company’s main competitors (and peers) include Fortune Brands Innovations Inc. (FBIN) that is trading 25.34% up over the past 12 months. Quanex Building Products Corp. (NX) that is 25.23% higher over the same period.