Zacks Investment Research downgraded shares of Masonite International (NYSE:DOOR) from a buy rating to a hold rating in a research report sent to investors on Tuesday, Zacks.com reports.

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. “

A number of other research firms have also recently commented on DOOR. Royal Bank of Canada set a $60.00 target price on Masonite International and gave the company a buy rating in a research note on Friday, May 3rd. ValuEngine cut Masonite International from a hold rating to a sell rating in a research note on Friday, March 1st. Robert W. Baird set a $62.00 target price on Masonite International and gave the company a buy rating in a research note on Monday, April 22nd. Wedbush reissued a neutral rating and issued a $50.00 target price on shares of Masonite International in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. increased their target price on Masonite International from $66.00 to $71.00 and gave the company an overweight rating in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $60.88.

DOOR opened at $51.07 on Tuesday. The firm has a market capitalization of $1.26 billion, a P/E ratio of 13.37 and a beta of 1.42. The company has a current ratio of 2.73, a quick ratio of 1.69 and a debt-to-equity ratio of 1.49. Masonite International has a 52 week low of $43.76 and a 52 week high of $73.40.

Masonite International (NYSE:DOOR) last released its earnings results on Wednesday, May 1st. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.07. The business had revenue of $530.00 million for the quarter, compared to analysts’ expectations of $531.46 million. Masonite International had a return on equity of 15.58% and a net margin of 3.47%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. As a group, sell-side analysts anticipate that Masonite International will post 4.04 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOOR. Norges Bank bought a new position in shares of Masonite International during the fourth quarter valued at about $21,146,000. Hound Partners LLC grew its stake in shares of Masonite International by 84.7% during the fourth quarter. Hound Partners LLC now owns 677,515 shares of the company’s stock valued at $30,373,000 after buying an additional 310,774 shares during the last quarter. Praesidium Investment Management Company LLC grew its stake in shares of Masonite International by 11.1% during the first quarter. Praesidium Investment Management Company LLC now owns 1,916,346 shares of the company’s stock valued at $95,607,000 after buying an additional 191,150 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Masonite International by 48.0% during the first quarter. JPMorgan Chase & Co. now owns 315,232 shares of the company’s stock valued at $15,727,000 after buying an additional 102,257 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Masonite International by 13.3% during the first quarter. Dimensional Fund Advisors LP now owns 710,809 shares of the company’s stock valued at $35,463,000 after buying an additional 83,297 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

About Masonite International

Masonite International Corporation designs, manufactures, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.

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