Masonite International Corporation (NYSE:DOOR) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

DOOR has been the topic of a number of other research reports. Robert W. Baird reaffirmed a “buy” rating and set a $70.00 price target on shares of Masonite International Corporation in a research report on Sunday, September 17th. TheStreet cut Masonite International Corporation from a “b” rating to a “c+” rating in a research report on Friday, August 25th. Zacks Investment Research raised Masonite International Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. Wedbush cut Masonite International Corporation from an “outperform” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Tuesday, October 3rd. Finally, Northcoast Research cut Masonite International Corporation from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Monday, September 18th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $75.80.

Masonite International Corporation (NYSE:DOOR) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $519.70 million for the quarter, compared to analysts’ expectations of $547.79 million. During the same period in the prior year, the company earned $1.02 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis.

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In related news, Director Robert J. Byrne acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average cost of $60.81 per share, for a total transaction of $91,215.00. Following the purchase, the director now owns 9,633 shares in the company, valued at approximately $585,782.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.19% of the company’s stock.

Several large investors have recently added to or reduced their stakes in DOOR. Public Employees Retirement System of Ohio raised its stake in shares of Masonite International Corporation by 6.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock valued at $119,000 after purchasing an additional 101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Masonite International Corporation by 18.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock valued at $125,000 after purchasing an additional 258 shares during the period. SG Americas Securities LLC raised its stake in shares of Masonite International Corporation by 1.4% during the 2nd quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock valued at $181,000 after purchasing an additional 34 shares during the period. Symphony Asset Management LLC bought a new stake in shares of Masonite International Corporation during the 2nd quarter valued at $200,000. Finally, California Public Employees Retirement System raised its stake in shares of Masonite International Corporation by 14.3% during the 2nd quarter. California Public Employees Retirement System now owns 3,200 shares of the company’s stock valued at $242,000 after purchasing an additional 400 shares during the period. Institutional investors own 99.39% 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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