Masonite International Corporation (NYSE:DOOR) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research raised Masonite International Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. TheStreet lowered Masonite International Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 25th. Royal Bank Of Canada reissued a “buy” rating and set a $92.00 price target on shares of Masonite International Corporation in a research note on Monday, June 19th. Robert W. Baird reissued a “buy” rating and set a $70.00 price target on shares of Masonite International Corporation in a research note on Sunday, September 17th. Finally, Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of Masonite International Corporation in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Masonite International Corporation currently has a consensus rating of “Hold” and a consensus target price of $75.60.

Masonite International Corporation (DOOR) opened at 67.50 on Friday. Masonite International Corporation has a one year low of $50.40 and a one year high of $85.30. The company’s 50 day moving average price is $66.03 and its 200-day moving average price is $72.66. The company has a market cap of $1.99 billion, a P/E ratio of 21.20 and a beta of 1.31.

Masonite International Corporation (NYSE:DOOR) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.22). Masonite International Corporation had a return on equity of 14.01% and a net margin of 4.95%. The business had revenue of $519.70 million for the quarter, compared to the consensus estimate of $547.79 million. During the same period in the prior year, the business posted $1.02 earnings per share. Masonite International Corporation’s revenue was up 1.1% on a year-over-year basis. On average, analysts forecast that Masonite International Corporation will post $3.36 EPS for the current fiscal year.

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In other news, Director Robert J. Byrne bought 1,500 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of $60.81 per share, with a total value of $91,215.00. Following the transaction, the director now directly owns 9,633 shares in the company, valued at approximately $585,782.73. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.19% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in shares of Masonite International Corporation by 6.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock worth $119,000 after acquiring an additional 101 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Masonite International Corporation by 18.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after acquiring an additional 258 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Masonite International Corporation by 12.6% in the 1st quarter. SG Americas Securities LLC now owns 2,361 shares of the company’s stock worth $187,000 after acquiring an additional 264 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Masonite International Corporation in the 1st quarter worth $208,000. Finally, Symphony Asset Management LLC bought a new position in shares of Masonite International Corporation in the 2nd quarter worth $200,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Masonite International Corporation Company Profile

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.

Analyst Recommendations for Masonite International Corporation (NYSE:DOOR)

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