Masonite International Corporation (NYSE:DOOR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “Masonite International Corp. is a designer and manufacturer of interior and exterior doors. It offers residential molded, flush, stile and rail, louvre and specially-ordered commercial and architectural doors and exterior residential steel, fiberglass, wood doors and entry systems. The company’s portfolio of brands consist of Masonite(R), Marshfield(R), Premdor(R), Mohawk(R), Megantic(R), Algoma(R), Baillargeon(R), Birchwood Best(R) and Lemieux(R). It markets and sells product to remodeling contractors, builders, homeowners, retail dealers, lumberyards, commercial and general contractors and architects through wholesale and retail distribution channels. Masonite International Corp. is headquartered in Florida US. “
Other equities research analysts have also issued research reports about the stock. Instinet dropped their target price on shares of Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, May 9th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $92.00 target price on shares of Masonite International Corporation in a report on Monday, July 24th. Nomura set a $77.00 target price on shares of Masonite International Corporation and gave the stock a “buy” rating in a report on Thursday. Stephens lowered shares of Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 target price for the company. in a report on Thursday. Finally, Stifel Nicolaus lowered shares of Masonite International Corporation from a “buy” rating to a “hold” rating and dropped their target price for the stock from $85.00 to $72.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Masonite International Corporation presently has a consensus rating of “Buy” and an average target price of $79.00.
Masonite International Corporation (NYSE DOOR) opened at 59.50 on Friday. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 18.69 and a beta of 1.26. Masonite International Corporation has a 52-week low of $50.40 and a 52-week high of $85.30. The firm’s 50-day moving average is $74.83 and its 200 day moving average is $75.65.
Masonite International Corporation (NYSE:DOOR) last released its 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 14.13% and a net margin of 4.95%. The business had revenue of $519.70 million for the quarter, compared to analysts’ expectations of $547.79 million. During the same period in the previous year, the company earned $1.02 EPS. Masonite International Corporation’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts predict that Masonite International Corporation will post $3.98 EPS for the current fiscal year.
In other news, insider Robert Edgar Lewis sold 3,500 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $74.08, for a total transaction of $259,280.00. Following the transaction, the insider now owns 22,618 shares of the company’s stock, valued at approximately $1,675,541.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.19% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in Masonite International Corporation by 1.4% in the second quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock worth $181,000 after buying an additional 34 shares during the last quarter. Prudential Financial Inc. boosted its position in Masonite International Corporation by 1.1% in the second quarter. Prudential Financial Inc. now owns 3,520 shares of the company’s stock worth $266,000 after buying an additional 40 shares during the last quarter. Amalgamated Bank boosted its position in Masonite International Corporation by 2.8% in the second quarter. Amalgamated Bank now owns 3,827 shares of the company’s stock worth $289,000 after buying an additional 105 shares during the last quarter. Stifel Financial Corp boosted its position in Masonite International Corporation by 3.4% in the first quarter. Stifel Financial Corp now owns 3,786 shares of the company’s stock worth $300,000 after buying an additional 125 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Masonite International Corporation by 18.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after buying an additional 258 shares during the last quarter. 98.25% of the stock is currently owned by hedge funds and other institutional investors.
About Masonite International Corporation
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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