TheStreet Downgrades Masonite International Corp. (DOOR) to Hold
Masonite International Corp. (NYSE:DOOR) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
Other equities research analysts have also recently issued research reports about the company. FBR & Co reaffirmed a “buy” rating and issued a $89.00 price target on shares of Masonite International Corp. in a report on Wednesday, August 17th. Imperial Capital cut their price target on Masonite International Corp. from $82.50 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, July 6th. Zacks Investment Research raised Masonite International Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Royal Bank Of Canada reissued a “buy” rating on shares of Masonite International Corp. in a research note on Tuesday, July 12th. Finally, Wedbush reissued an “outperform” rating and set a $72.00 target price on shares of Masonite International Corp. in a research note on Friday, August 12th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Masonite International Corp. presently has a consensus rating of “Buy” and a consensus price target of $77.88.
Shares of Masonite International Corp. (NYSE:DOOR) opened at 62.17 on Thursday. The company’s 50 day moving average price is $65.47 and its 200-day moving average price is $67.44. The stock has a market capitalization of $1.90 billion, a PE ratio of 88.44 and a beta of 1.03. Masonite International Corp. has a 52 week low of $45.14 and a 52 week high of $72.75.
Masonite International Corp. (NYSE:DOOR) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.88 by $0.14. Masonite International Corp. had a return on equity of 12.97% and a net margin of 1.10%. The firm earned $514 million during the quarter, compared to analysts’ expectations of $512.96 million. During the same quarter last year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts predict that Masonite International Corp. will post $2.97 EPS for the current year.
In other news, insider Robert Edgar Lewis sold 1,500 shares of Masonite International Corp. stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $67.67, for a total value of $101,505.00. Following the completion of the sale, the insider now directly owns 24,140 shares of the company’s stock, valued at $1,633,553.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.42% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. ProShare Advisors LLC boosted its stake in shares of Masonite International Corp. by 0.3% in the second quarter. ProShare Advisors LLC now owns 3,833 shares of the company’s stock worth $254,000 after buying an additional 13 shares during the last quarter. Amalgamated Bank raised its position in Masonite International Corp. by 1.0% in the second quarter. Amalgamated Bank now owns 3,209 shares of the company’s stock worth $216,000 after buying an additional 31 shares during the period. Public Employees Retirement System of Ohio raised its position in Masonite International Corp. by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 1,536 shares of the company’s stock worth $102,000 after buying an additional 47 shares during the period. Independent Portfolio Consultants Inc. raised its position in Masonite International Corp. by 4.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,905 shares of the company’s stock worth $192,000 after buying an additional 135 shares during the period. Finally, Credit Agricole S A raised its position in Masonite International Corp. by 0.7% in the first quarter. Credit Agricole S A now owns 44,246 shares of the company’s stock worth $2,898,000 after buying an additional 300 shares during the period. 99.93% of the stock is owned by institutional investors and hedge funds.
About Masonite International Corp.
Masonite International Corporation is designer and manufacturer 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 principally operates in North America; Europe, Asia and Latin America, and Africa.
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