Masonite International Corporation (DOOR) Downgraded by BidaskClub to Strong Sell

BidaskClub cut shares of Masonite International Corporation (NYSE:DOOR) from a sell rating to a strong sell rating in a report released on Friday morning.

Other analysts have also recently issued research reports about the stock. Instinet reaffirmed a buy rating and issued a $77.00 target price (down previously from $86.00) on shares of Masonite International Corporation in a report on Thursday, August 10th. Stifel Nicolaus cut shares of Masonite International Corporation from a buy rating to a hold rating and reduced their target price for the company from $85.00 to $72.00 in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a buy rating and issued a $92.00 target price on shares of Masonite International Corporation in a report on Monday, July 24th. Wedbush reaffirmed an outperform rating and issued a $85.00 target price on shares of Masonite International Corporation in a report on Friday, June 16th. Finally, Nomura set a $77.00 price target on shares of Masonite International Corporation and gave the company a buy rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $75.60.

Masonite International Corporation (NYSE:DOOR) opened at 67.65 on Friday. The stock has a market cap of $2.00 billion, a P/E ratio of 21.25 and a beta of 1.31. The stock has a 50 day moving average of $66.03 and a 200-day moving average of $72.61. Masonite International Corporation has a 12 month low of $50.40 and a 12 month high of $85.30.

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

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In related news, Director Robert J. Byrne purchased 1,500 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were bought at an average cost of $60.81 per share, for a total transaction of $91,215.00. Following the completion of the purchase, the director now directly owns 9,633 shares of the company’s stock, valued at approximately $585,782.73. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.19% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its position in shares of Masonite International Corporation by 6.9% during the second 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Masonite International Corporation by 18.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after acquiring an additional 258 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Masonite International Corporation by 1.4% during the second quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock worth $181,000 after acquiring an additional 34 shares during the last quarter. Symphony Asset Management LLC purchased a new position in shares of Masonite International Corporation during the second quarter worth approximately $200,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Masonite International Corporation during the first quarter worth approximately $208,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

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.

Analyst Recommendations for Masonite International Corporation (NYSE:DOOR)

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