Masonite International Corporation (NYSE:DOOR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

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. “

DOOR has been the topic of a number of other reports. Wedbush restated an “outperform” rating and set a $85.00 price target on shares of Masonite International Corporation in a research report on Friday, June 16th. Nomura began coverage on shares of Masonite International Corporation in a research report on Wednesday, April 12th. They set a “buy” rating and a $50.00 price target on the stock. Instinet lowered their price target on shares of Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $92.00 price target on shares of Masonite International Corporation in a research report on Monday, June 19th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Masonite International Corporation presently has a consensus rating of “Buy” and a consensus price target of $78.11.

Shares of Masonite International Corporation (NYSE:DOOR) traded down 0.78% on Tuesday, hitting $76.10. 188,511 shares of the company were exchanged. Masonite International Corporation has a 52-week low of $55.60 and a 52-week high of $85.30. The stock has a market capitalization of $2.27 billion, a PE ratio of 22.53 and a beta of 1.26. The firm’s 50-day moving average is $74.46 and its 200-day moving average is $73.67.

Masonite International Corporation (NYSE:DOOR) last posted its quarterly earnings results on Monday, May 8th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The firm had revenue of $487.18 million for the quarter, compared to analyst estimates of $497.51 million. Masonite International Corporation had a net margin of 5.29% and a return on equity of 14.73%. Masonite International Corporation’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share. Equities research analysts predict that Masonite International Corporation will post $4.19 earnings per share for the current year.

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In other Masonite International Corporation 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 value of $259,280.00. Following the transaction, the insider now directly owns 22,618 shares in the company, valued at approximately $1,675,541.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.19% of the company’s stock.

Several institutional investors have recently modified their holdings of DOOR. Strs Ohio raised its position in shares of Masonite International Corporation by 533.3% in the first quarter. Strs Ohio now owns 1,900 shares of the company’s stock valued at $150,000 after buying an additional 1,600 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Masonite International Corporation by 68.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,659 shares of the company’s stock valued at $174,000 after buying an additional 1,084 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Masonite International Corporation by 12.6% in the first quarter. SG Americas Securities LLC now owns 2,361 shares of the company’s stock valued at $187,000 after buying an additional 264 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Masonite International Corporation during the first quarter valued at approximately $208,000. Finally, Loews Corp bought a new position in shares of Masonite International Corporation during the first quarter valued at approximately $213,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

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.

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Analyst Recommendations for Masonite International Corporation (NYSE:DOOR)

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