Masonite International Corporation Buyback
OLI recorded this information on 5/10/2018
Company:
Masonite International Corporation
Buyback:
DOOR buyback
$Amount Authorized:
$311,000,000
Buyback Details:
Masonite International Corporation (NYSE:DOOR) announced today that its Board of Directors approved a new share repurchase program pursuant to which the Company intends to repurchase up to $250 million of its outstanding common shares. This is in addition to the existing share repurchase authorization approved in February 2017, under which approximately $61 million remained available for repurchases as of May 9, 2018.
Masonite International is a designer, manufacturer and distributor of interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Co. 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. Co.'s product lines consist of residential doors, architectural doors, and components, which include interior door facings, agri-fiber and particleboard door cores, medium-density fiberboard and wood cut-stock components.
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Avg. Broker Rec.
  
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Buy (2.67 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: DOOR Stock Forecast Based on Zacks ABR data; powered by Xignite |
