Zacks Investment Research upgraded shares of Masonite International Corporation (NYSE:DOOR) from a sell rating to a hold rating in a research note released on Tuesday morning.

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. “

Several other equities research analysts have also commented on DOOR. 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. Stephens lowered 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 report on Thursday, August 10th. BidaskClub lowered shares of Masonite International Corporation from a hold rating to a sell rating in a research report on Thursday, August 10th. Nomura set a $77.00 target price on shares of Masonite International Corporation and gave the stock a buy rating in a research report on Thursday, August 10th. Finally, Instinet restated a buy rating and set a $77.00 target price (down from $86.00) on shares of Masonite International Corporation in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $75.80.

Masonite International Corporation (NYSE:DOOR) traded down $2.00 during trading hours on Tuesday, hitting $64.95. The stock had a trading volume of 187,924 shares, compared to its average volume of 152,577. The company has a quick ratio of 1.53, a current ratio of 2.54 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.95 billion, a P/E ratio of 21.27 and a beta of 1.29.

Masonite International Corporation (NYSE:DOOR) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.89 earnings per share 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 during the quarter, compared to analysts’ expectations of $547.79 million. During the same quarter last year, the business earned $1.02 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. research analysts expect that Masonite International Corporation will post 3.38 earnings per share for the current fiscal year.

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In other news, Director Robert J. Byrne purchased 1,500 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average price of $60.81 per share, with a total value of $91,215.00. Following the purchase, the director now directly owns 9,633 shares of the company’s stock, valued at approximately $585,782.73. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.19% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Masonite International Corporation by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,370,709 shares of the company’s stock worth $178,989,000 after buying an additional 19,380 shares during the last quarter. BlackRock Inc. raised its stake in Masonite International Corporation by 0.6% in the 2nd quarter. BlackRock Inc. now owns 2,145,898 shares of the company’s stock valued at $162,015,000 after purchasing an additional 12,318 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Masonite International Corporation by 8.9% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 922,796 shares of the company’s stock valued at $69,671,000 after purchasing an additional 75,358 shares during the last quarter. Pzena Investment Management LLC raised its stake in Masonite International Corporation by 9.1% in the 3rd quarter. Pzena Investment Management LLC now owns 858,682 shares of the company’s stock valued at $59,421,000 after purchasing an additional 71,864 shares during the last quarter. Finally, State Street Corp raised its stake in Masonite International Corporation by 7.8% in the 2nd quarter. State Street Corp now owns 710,909 shares of the company’s stock valued at $53,673,000 after purchasing an additional 51,668 shares during the last quarter. 99.39% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Masonite International Corporation (NYSE:DOOR)

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