Masonite International Corporation (NYSE:DOOR) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Friday.

Other research analysts have also recently issued research reports about the stock. Stephens cut shares of Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 price objective on the stock. in a research report on Thursday. Zacks Investment Research cut shares of Masonite International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $92.00 price objective on shares of Masonite International Corporation in a research report on Monday, July 24th. BidaskClub cut shares of Masonite International Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Instinet boosted their price objective on shares of Masonite International Corporation from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Masonite International Corporation presently has an average rating of “Buy” and a consensus target price of $79.70.

Masonite International Corporation (NYSE:DOOR) opened at 58.35 on Friday. The company’s 50 day moving average is $75.23 and its 200 day moving average is $75.70. Masonite International Corporation has a 12-month low of $50.40 and a 12-month high of $85.30. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 17.27 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.22. The business had revenue of $519.70 million for the quarter, compared to analysts’ expectations of $547.79 million. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.13%. Masonite International Corporation’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 EPS. Analysts forecast that Masonite International Corporation will post $3.98 earnings per share for the current fiscal 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 shares were sold at an average price of $74.08, for a total value of $259,280.00. Following the transaction, the insider now directly owns 22,618 shares in the company, valued at $1,675,541.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.19% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Masonite International Corporation by 84,431.7% in the first quarter. BlackRock Inc. now owns 2,133,580 shares of the company’s stock worth $169,086,000 after buying an additional 2,131,056 shares during the last quarter. Bank of America Corp DE boosted its position in Masonite International Corporation by 49.0% in the first quarter. Bank of America Corp DE now owns 156,217 shares of the company’s stock worth $12,380,000 after buying an additional 51,367 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in Masonite International Corporation during the first quarter worth approximately $491,000. Stifel Financial Corp boosted its position in Masonite International Corporation by 3.4% in the first quarter. Stifel Financial Corp now owns 3,786 shares of the company’s stock worth $300,000 after buying an additional 125 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Masonite International Corporation by 720.4% in the first quarter. Russell Investments Group Ltd. now owns 51,171 shares of the company’s stock worth $4,055,000 after buying an additional 44,934 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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