Masonite International Corporation (NYSE:DOOR) was downgraded by stock analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Friday, MarketBeat.com reports. They currently have a $72.00 target price on the stock, down from their previous target price of $85.00. Stifel Nicolaus’ target price would suggest a potential upside of 21.01% from the company’s previous close.

Several other equities analysts have also issued reports on DOOR. Nomura set a $77.00 target price on Masonite International Corporation and gave the company a “buy” rating in a report on Thursday. Stephens lowered 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. Instinet reaffirmed a “buy” rating and issued a $77.00 target price (down from $86.00) on shares of Masonite International Corporation in a report on Thursday. BidaskClub lowered Masonite International Corporation from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $92.00 price objective on shares of Masonite International Corporation in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Masonite International Corporation currently has a consensus rating of “Buy” and an average target price of $77.50.

Masonite International Corporation (NYSE:DOOR) traded up 1.97% on Friday, reaching $59.50. The company’s stock had a trading volume of 1,012,785 shares. The company has a market cap of $1.76 billion, a P/E ratio of 18.69 and a beta of 1.26. The firm’s 50-day moving average price is $74.83 and its 200 day moving average price is $75.65. Masonite International Corporation has a 52-week low of $50.40 and a 52-week high of $85.30.

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 consensus estimate of $1.11 by $0.22. The business had revenue of $519.70 million during the quarter, compared to the consensus estimate of $547.79 million. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.13%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 earnings per share. Equities analysts anticipate that Masonite International Corporation will post $3.98 EPS for the current fiscal year.

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In other Masonite International Corporation news, insider Robert Edgar Lewis sold 3,500 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $74.08, for a total transaction of $259,280.00. Following the completion of the transaction, the insider now directly owns 22,618 shares of the company’s stock, valued at $1,675,541.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.19% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of DOOR. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 valued at $125,000 after buying an additional 258 shares in the last quarter. Strs Ohio increased its stake in 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. SG Americas Securities LLC increased its stake 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 valued at $181,000 after buying an additional 34 shares in the last quarter. Symphony Asset Management LLC bought a new stake in Masonite International Corporation during the second quarter valued at about $200,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Masonite International Corporation during the first quarter valued at about $208,000. Hedge funds and other institutional investors own 98.25% 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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