Robert W. Baird Sticks to Their Buy Rating for Masonite International

By Austin Angelo

In a report issued on September 13, Timothy Wojs from Robert W. Baird reiterated a Buy rating on Masonite International (NYSE: DOOR), with a price target of $70. The company’s shares closed on Friday at $65.65.

According to TipRanks.com, Wojs is a 4-star analyst with an average return of 7.2% and a 63.5% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Simpson Manufacturing Co Inc, American Woodmark Corp, and Carlisle Companies Inc.

Masonite International has an analyst consensus of Strong Buy, with a price target consensus of $68.80.

The company has a one year high of $85.30 and a one year low of $50.40. Currently, Masonite International has an average volume of 312.9K.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DOOR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Masonite International Corp. designs and manufactures of interior and exterior doors for the residential new construction; the 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 well-established wholesale and retail distribution channels. Its reportable segments are organized and managed principally by geographic region: North America; Europe, Asia & Latin America; and Africa. The North America segment operates through three sub segments: Retail, Wholesale and Commercial. The Europe, Asia and Latin America segment includes operations in United Kingdom, France, Central Eastern Europe, Asia & South America and Israel. The company’s business roots back to 1925 and was founded on April 16, 2009 and is headquartered in Concord, Canada.