Masonite International Corporation (NYSE:DOOR) was downgraded by investment analysts at Wedbush from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday. They presently have a $70.00 price target on the stock. Wedbush’s target price indicates a potential upside of 3.86% from the stock’s previous close.
A number of other analysts have also issued reports on DOOR. Stifel Nicolaus lowered Masonite International Corporation from a “buy” rating to a “hold” rating and dropped their target price for the stock from $85.00 to $72.00 in a research report on Friday, August 11th. Nomura set a $77.00 target price on Masonite International Corporation and gave the stock a “buy” rating in a research report on Thursday, August 10th. Stephens lowered Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 target price on the stock. in a research report on Thursday, August 10th. Zacks Investment Research lowered Masonite International Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Robert W. Baird dropped their target price on Masonite International Corporation from $90.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $75.60.
Masonite International Corporation (NYSE:DOOR) traded down 0.59% on Tuesday, hitting $67.00. The stock had a trading volume of 9,141 shares. The company’s 50-day moving average is $64.53 and its 200-day moving average is $73.26. The stock has a market cap of $1.98 billion, a P/E ratio of 21.04 and a beta of 1.31. Masonite International Corporation has a one year low of $50.40 and a one year high of $85.30.
Masonite International Corporation (NYSE:DOOR) last announced its 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 return on equity of 14.01% and a net margin of 4.95%. The business had revenue of $519.70 million for the quarter, compared to analysts’ expectations of $547.79 million. During the same period in the previous year, the firm posted $1.02 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. On average, analysts anticipate that Masonite International Corporation will post $3.36 earnings per share for the current fiscal year.
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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, with a total value of $91,215.00. Following the completion of the acquisition, the director now directly owns 9,633 shares in the company, valued at $585,782.73. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.19% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of DOOR. Public Employees Retirement System of Ohio boosted its stake in Masonite International Corporation by 6.9% in the second quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock valued at $119,000 after acquiring an additional 101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 acquiring an additional 258 shares during the period. Strs Ohio boosted 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 acquiring an additional 1,600 shares during the period. SG Americas Securities LLC boosted 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 acquiring an additional 34 shares during the period. Finally, Symphony Asset Management LLC acquired a new position in Masonite International Corporation in the second quarter valued at approximately $200,000. Institutional investors 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.
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