How JP Morgan Currently Rates Masonite International (NYSE:DOOR)
JP Morgan have started its coverage on Masonite International (NYSE:DOOR), today 15 December. The Investment firm finds the stock of Masonite International (NYSE:DOOR) attractive and has given it Overweight rating.
From a total of 8 analysts covering Masonite International (NYSE:DOOR) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $87 while the lowest target price is $72. The mean of all analyst targets is $79.38 with a 34.02% above today’s ($61.56) stock price. Masonite International was the topic of 6 analyst reports since August 21, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 6 with “Outperform” rating. FBR Capital maintained DOOR stock in a recent report from August 25 with “Outperform” rating. Finally, Stifel Nicolaus initiated the stock with “Hold” rating in a report issued on an August 21.
The stock increased 0.60% or $0.37 on December 15, striking $61.56. Approximately 173,670 shares of stock traded hands. Masonite International Corp (NYSE:DOOR) has declined 9.71% since May 12, 2015 and is downtrending. It has underperformed by 6.03% the S&P500.
The overall sentiment of institutions has decreased to 1.01 in Q2 2015. Its down 1.17, from 2.18 in 2015Q2. The ratio dived, as 19 institutions have sold all the shares of Masonite International Corp that they owned while 48 funds have taken shares off the table. 17 funds have purchased shares for the first time while 51 added to their positions. These institutions now hold 28.43 million shares or 6.50% less than the 30.41 million shares they owned in 2015Q2.
The Fund 12 West Capital Management Lp currently is holding shares equating to 19.95% of its total portfolio in Masonite International Corp representing a total of 2.26 million shares. Another fund,Monroe Hall Asset Management Llc, is holding a total of 400,000 shares equating to 11.78% of their holdings. Additionally, Archer Capital Management L.P. has a 700,926 share stake in Masonite International Corp which represents 6% of their total portfolio. The Fund, Giovine Capital Group Llc, based out of California, has also built up a stake in the stock, which represents a total of 3.81% of their total portfolio. Finally Tpg, a fund which is based in the state of Alabama reported a total holdings of 728,224 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 5, 2015, shareholders of Masonite International Corp have witnessed 0 insider purchases, and a total of 2 insider sales equating to a net activity of approximately $709,212 . Lewis Robert Edgar sold 2,300 shares worth approximately $149,454. Lynch Frederick J sold 8,026 shares worth approximately $559,758. Repar Lawrence P sold 26,095 shares worth approximately $1.77M. Foster Jonathan F sold 3,000 shares worth approximately $210,090. The company insider Wills John C sold 1,521 shares worth $106,014.
Masonite International Corporation is a designer and maker of interior and exterior doors for residential construction, residential repair, renovation and remodeling, and the non-residential building construction markets. The company has a market cap of $1.86 billion. The Firm 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. It currently has negative earnings. The Company’s portfolio of brands include Masonite, Marshfield, Premdor, Mohawk, Megantic, Algoma, Birchwood Best, Lemieux, Door-Stop and Harring Doors, among others.
According to Zacks Investment Research, “Masonite International Corp. is a designer and manufacturer of interior and exterior doors. It offers residential molded, flush, stile and rail, louvre and specially-ordered commercial and architectural doors and exterior residential steel, fiberglass, wood doors and entry systems. The company’s portfolio of brands consist of Masonite(R), Marshfield(R), Premdor(R), Mohawk(R), Megantic(R), Algoma(R), Baillargeon(R), Birchwood Best(R) and Lemieux(R). It markets and sells product to remodeling contractors, builders, homeowners, retail dealers, lumberyards, commercial and general contractors and architects through wholesale and retail distribution channels. Masonite International Corp. is headquartered in Florida US.”