Masonite International Corporation (NYSE:DOOR) was downgraded by TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Friday.

Other research analysts have also issued reports about the stock. Instinet reissued a “buy” rating and set a $77.00 target price (down from $86.00) on shares of Masonite International Corporation in a research note on Thursday, August 10th. Nomura set a $77.00 target price on shares of Masonite International Corporation and gave the company a “buy” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating and set a $92.00 target price on shares of Masonite International Corporation in a research note on Monday, July 24th. Zacks Investment Research raised shares of Masonite International Corporation from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Monday, July 24th. Finally, Wedbush set a $70.00 target price on shares of Masonite International Corporation and gave the company a “buy” rating in a research note on Saturday, August 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Masonite International Corporation has an average rating of “Buy” and a consensus price target of $76.22.

Masonite International Corporation (NYSE DOOR) opened at 63.10 on Friday. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 19.82 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. The company has a 50 day moving average price of $70.92 and a 200 day moving average price of $75.15.

Masonite International Corporation (NYSE:DOOR) last posted its quarterly 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. The business had revenue of $519.70 million during the quarter, compared to analyst estimates of $547.79 million. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.01%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $1.02 earnings per share. Analysts expect that Masonite International Corporation will post $3.37 EPS for the current fiscal year.

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In related news, Director Robert J. Byrne purchased 1,500 shares of Masonite International Corporation stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of $60.81 per share, with a total value of $91,215.00. Following the purchase, the director now owns 9,633 shares in the company, valued at approximately $585,782.73. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.19% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in Masonite International Corporation by 6.9% in the second quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock worth $119,000 after buying an additional 101 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Masonite International Corporation by 18.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after buying an additional 258 shares during the last quarter. Strs Ohio increased its stake 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. SG Americas Securities LLC increased its stake in Masonite International Corporation by 12.6% in the first quarter. SG Americas Securities LLC now owns 2,361 shares of the company’s stock worth $187,000 after buying an additional 264 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in Masonite International Corporation during the first quarter worth approximately $208,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Masonite International Corporation Company Profile

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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