TheStreet lowered shares of Masonite International Corporation (NYSE:DOOR) from a b rating to a c+ rating in a research report released on Friday.

A number of other research firms have also recently weighed in on DOOR. Stephens cut shares of 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 note on Thursday, August 10th. Wedbush set a $70.00 target price on shares of Masonite International Corporation and gave the company a buy rating in a research note on Saturday, August 12th. Zacks Investment Research cut shares of Masonite International Corporation from a hold rating to a sell rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reiterated a buy rating and issued a $92.00 target price on shares of Masonite International Corporation in a research note on Monday, July 24th. Finally, BidaskClub cut shares of Masonite International Corporation from a hold rating to a sell rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $76.22.

Masonite International Corporation (NYSE DOOR) opened at 63.10 on Friday. Masonite International Corporation has a 1-year low of $50.40 and a 1-year high of $85.30. The stock has a 50 day moving average price of $70.92 and a 200-day moving average price of $75.15. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 19.82 and a beta of 1.26.

Masonite International Corporation (NYSE:DOOR) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.89 earnings per share for the quarter, missing the 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 firm had revenue of $519.70 million for the quarter, compared to analysts’ expectations of $547.79 million. During the same quarter last year, the firm posted $1.02 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts predict that Masonite International Corporation will post $3.37 earnings per share for the current year.

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In related news, Director Robert J. Byrne bought 1,500 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $60.81 per share, for a total transaction of $91,215.00. Following the completion of the purchase, 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 SEC, which is available at the SEC website. 2.19% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised 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 buying an additional 101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised 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 during the period. Strs Ohio raised 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 during the period. SG Americas Securities LLC raised 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 during the period. Finally, Symphony Asset Management LLC acquired a new stake in Masonite International Corporation during the second quarter valued at about $200,000. 98.11% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Masonite International Corporation (NYSE:DOOR)

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