"Masonite remains one of our best residential ideas, given improved margins/ROIC this cycle" driven by structural industry changes in recent years, said Wojs.
The Baird analyst was impressed with the company's incoming product line and claimed "revenue from new products in 2016 would eclipse 2015." The year-over-year gain has a lot to do with Masonite introducing several new products in the second half of 2015, not having as large of an effect on 2015, according to the Wojs.
Masonite closed Wednesday's regular trading session up 0.74 percent at $68.20.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
