Masonite International Corporation (NYSE:DOOR) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Several other equities analysts also recently weighed in on DOOR. Nomura initiated coverage on shares of Masonite International Corporation in a research note on Wednesday, April 12th. They issued a “buy” rating and a $50.00 target price for the company. Instinet lifted their target price on shares of Masonite International Corporation from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, April 14th. Zacks Investment Research downgraded shares of Masonite International Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of Masonite International Corporation in a research note on Friday, June 16th. Finally, 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, June 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $78.82.

Shares of Masonite International Corporation (NYSE:DOOR) traded up 1.97% during mid-day trading on Thursday, hitting $59.50. 1,012,785 shares of the company traded hands. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 18.69 and a beta of 1.26. Masonite International Corporation has a one year low of $50.40 and a one year high of $85.30. The firm has a 50-day moving average of $74.83 and a 200-day moving average of $75.65.

Masonite International Corporation (NYSE:DOOR) last posted its 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. The business had revenue of $519.70 million during the quarter, compared to analysts’ expectations of $547.79 million. Masonite International Corporation had a return on equity of 14.13% and a net margin of 4.95%. Masonite International Corporation’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 EPS. On average, equities analysts predict that Masonite International Corporation will post $3.98 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This article was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://theolympiareport.com/2017/08/12/masonite-international-corporation-nysedoor-rating-lowered-to-sell-at-bidaskclub.html.

In other news, insider Robert Edgar Lewis sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were 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 $1,675,541.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.19% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 last quarter. Strs Ohio raised its stake in shares of 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 last quarter. SG Americas Securities LLC raised its stake in shares of 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 last quarter. Symphony Asset Management LLC bought a new stake in shares of Masonite International Corporation during the second quarter valued at about $200,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Masonite International Corporation during the first quarter valued at about $208,000. Institutional investors and hedge funds 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)

Receive News & Ratings for Masonite International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.