Shares of Masonite International Corp. (NYSE:DOOR) have been assigned an average recommendation of “Buy” from the ten ratings firms that are presently covering the company. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $78.00.

DOOR has been the topic of a number of research reports. Stifel Nicolaus raised Masonite International Corp. from a “hold” rating to a “buy” rating and upped their target price for the stock from $62.00 to $72.00 in a research report on Thursday, November 10th. FBR & Co reaffirmed a “buy” rating and set a $89.00 target price on shares of Masonite International Corp. in a research report on Wednesday, August 17th. Zacks Investment Research raised Masonite International Corp. from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Wednesday, October 12th. TheStreet lowered Masonite International Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, September 29th. Finally, Wedbush reaffirmed an “outperform” rating and set a $72.00 target price on shares of Masonite International Corp. in a research report on Wednesday, October 19th.

In other Masonite International Corp. news, insider James A. Hair sold 450 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $66.99, for a total value of $30,145.50. Following the completion of the transaction, the insider now owns 10,790 shares in the company, valued at approximately $722,822.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.42% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC increased its position 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 valued at $254,000 after buying an additional 13 shares in the last quarter. Amalgamated Bank increased its position in shares of Masonite International Corp. by 1.0% in the second quarter. Amalgamated Bank now owns 3,209 shares of the company’s stock valued at $216,000 after buying an additional 31 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of 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 valued at $102,000 after buying an additional 47 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Masonite International Corp. by 2.2% in the third quarter. D.A. Davidson & CO. now owns 3,536 shares of the company’s stock valued at $219,000 after buying an additional 77 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. increased its position in shares of Masonite International Corp. by 4.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,905 shares of the company’s stock valued at $192,000 after buying an additional 135 shares in the last quarter.

Masonite International Corp. (NYSE:DOOR) last announced its earnings results on Tuesday, November 8th. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.18. Masonite International Corp. had a return on equity of 14.01% and a net margin of 3.54%. The business had revenue of $489.65 million for the quarter, compared to analysts’ expectations of $503.66 million. During the same period in the prior year, the business posted ($0.53) earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis.

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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