Masonite International Corporation (DOOR) Rating Increased to Hold at Zacks Investment Research
Masonite International Corporation (NYSE:DOOR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors 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. “
A number of other research firms have also recently issued reports on DOOR. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $67.00 price target on shares of Masonite International Corporation in a report on Monday, September 25th. Stephens cut Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 price target for the company. in a report on Thursday, August 10th. Robert W. Baird reaffirmed a “buy” rating and issued a $72.00 price target on shares of Masonite International Corporation in a report on Friday, October 20th. Wedbush set a $70.00 price target on Masonite International Corporation and gave the company a “buy” rating in a report on Saturday, August 12th. Finally, BidaskClub upgraded Masonite International Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $75.80.
Shares of Masonite International Corporation (NYSE DOOR) traded up 0.37% during trading on Tuesday, reaching $67.10. 179,844 shares of the company were exchanged. The stock has a market capitalization of $1.98 billion, a P/E ratio of 21.07 and a beta of 1.31. Masonite International Corporation has a 52-week low of $50.40 and a 52-week high of $85.30. The stock has a 50-day moving average of $66.92 and a 200 day moving average of $71.73.
Masonite International Corporation (NYSE:DOOR) last released its quarterly 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 net margin of 4.95% and a return on equity of 14.01%. The business had revenue of $519.70 million during the quarter, compared to the consensus estimate of $547.79 million. During the same period in the prior year, the firm earned $1.02 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Masonite International Corporation will post $3.36 earnings per share for the current fiscal year.
In other news, Director Robert J. Byrne acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $60.81 per share, for a total transaction of $91,215.00. Following the completion of the transaction, the director now directly owns 9,633 shares in the company, valued at $585,782.73. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.19% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of DOOR. Northcoast Asset Management acquired a new position in shares of Masonite International Corporation during the 3rd quarter worth about $2,511,000. Eagle Asset Management acquired a new position in shares of Masonite International Corporation during the 3rd quarter worth about $26,670,000. Nationwide Fund Advisors grew its position in shares of Masonite International Corporation by 13.8% during the 4th quarter. Nationwide Fund Advisors now owns 46,248 shares of the company’s stock worth $2,832,000 after buying an additional 5,604 shares during the period. California State Teachers Retirement System grew its position in shares of Masonite International Corporation by 1.6% during the 4th quarter. California State Teachers Retirement System now owns 55,931 shares of the company’s stock worth $3,425,000 after buying an additional 900 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Masonite International Corporation by 17.8% during the 4th quarter. American Century Companies Inc. now owns 151,149 shares of the company’s stock worth $9,255,000 after buying an additional 22,802 shares during the period. Institutional investors own 99.39% 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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