Masonite International Corporation (NYSE:DOOR) was downgraded by Stephens from an “overweight” rating to an “equal weight” rating in a research note issued on Thursday, Marketbeat reports.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Masonite International Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Wedbush restated an “outperform” rating and set a $85.00 target price on shares of Masonite International Corporation in a research report on Friday, June 16th. Instinet reduced their target price on Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, May 9th. Royal Bank Of Canada restated a “buy” rating and set a $92.00 target price on shares of Masonite International Corporation in a research report on Monday, July 24th. Finally, Nomura assumed coverage on Masonite International Corporation in a research report on Wednesday, April 12th. They set a “buy” rating and a $50.00 target price for the company. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. Masonite International Corporation has an average rating of “Buy” and a consensus target price of $79.44.

Masonite International Corporation (NYSE DOOR) traded down 21.271% during trading on Thursday, reaching $57.275. The company’s stock had a trading volume of 3,164,462 shares. The stock has a 50-day moving average price of $75.66 and a 200 day moving average price of $75.82. The company has a market cap of $1.71 billion, a PE ratio of 16.955 and a beta of 1.26. 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 posted its earnings results on Wednesday, August 9th. The company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.22. Masonite International Corporation had a return on equity of 14.73% and a net margin of 5.29%. The business had revenue of $519.70 million for the quarter, compared to analysts’ expectations of $547.79 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. Masonite International Corporation’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts expect that Masonite International Corporation will post $4.13 EPS for the current year.

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

Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Masonite International Corporation during the fourth quarter worth about $408,000. Dimensional Fund Advisors LP purchased a new position in Masonite International Corporation during the fourth quarter worth about $1,234,000. FMR LLC boosted its position in Masonite International Corporation by 478.2% in the fourth quarter. FMR LLC now owns 62,149 shares of the company’s stock worth $4,089,000 after buying an additional 51,400 shares during the last quarter. Norges Bank purchased a new position in Masonite International Corporation during the fourth quarter worth about $15,770,000. Finally, Strs Ohio boosted its position in Masonite International Corporation by 533.3% in the first quarter. Strs Ohio now owns 1,900 shares of the company’s stock worth $150,000 after buying an additional 1,600 shares during the last quarter. 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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