Masonite International (NYSE:DOOR) Upgraded by StockNews.com to “Strong-Buy”

Masonite International (NYSE:DOOR – Get Rating) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

A number of other research firms have also weighed in on DOOR. Stephens reduced their target price on Masonite International from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. Stifel Nicolaus boosted their price target on Masonite International from $97.00 to $98.00 and gave the company a “buy” rating in a report on Monday, December 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Masonite International from $90.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, January 10th. Royal Bank of Canada downgraded Masonite International from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $91.00 to $89.00 in a research report on Friday, January 13th. Finally, Wedbush lowered their price objective on shares of Masonite International from $140.00 to $115.00 in a research note on Wednesday, November 9th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $100.14.

Masonite International Trading Down 1.5 %

NYSE DOOR traded down $1.43 on Wednesday, hitting $92.38. 98,538 shares of the stock were exchanged, compared to its average volume of 117,698. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.92 and a current ratio of 3.08. Masonite International has a 52-week low of $65.71 and a 52-week high of $102.01. The firm has a market capitalization of $2.06 billion, a P/E ratio of 13.29 and a beta of 1.61. The stock has a fifty day moving average price of $83.06 and a two-hundred day moving average price of $79.88.

Masonite International (NYSE:DOOR – Get Rating) last released its quarterly earnings results on Monday, November 7th. The company reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.02. The firm had revenue of $727.63 million during the quarter, compared to analysts’ expectations of $704.99 million. Masonite International had a net margin of 5.54% and a return on equity of 34.45%. Research analysts forecast that Masonite International will post 9.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Masonite International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc increased its holdings in Masonite International by 0.5% in the 2nd quarter. Legal & General Group Plc now owns 22,733 shares of the company’s stock worth $1,746,000 after buying an additional 120 shares during the period. Spire Wealth Management lifted its position in Masonite International by 51.6% during the second quarter. Spire Wealth Management now owns 385 shares of the company’s stock valued at $30,000 after purchasing an additional 131 shares during the period. Arizona State Retirement System boosted its holdings in Masonite International by 2.5% in the fourth quarter. Arizona State Retirement System now owns 5,969 shares of the company’s stock valued at $481,000 after purchasing an additional 144 shares during the last quarter. PFS Investments Inc. raised its stake in shares of Masonite International by 5.6% during the 3rd quarter. PFS Investments Inc. now owns 2,857 shares of the company’s stock valued at $204,000 after buying an additional 152 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in shares of Masonite International by 1.7% in the 4th quarter. SummerHaven Investment Management LLC now owns 9,381 shares of the company’s stock valued at $756,000 after buying an additional 154 shares during the period. 98.67% of the stock is owned by hedge funds and other institutional investors.

About Masonite International

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Masonite International Corp. engages in the manufacture of interior and exterior doors for residential and architectural use. It operates through the following geographical segments: North American Residential, Europe, Architectural, and Corporate and Other. The Corporate and other segment includes unallocated corporate costs and the results of immaterial operating segments.