Zacks Investment Research upgraded shares of Masonite International (NYSE:DOOR) from a hold rating to a buy rating in a research report sent to investors on Monday, Zacks.com reports. They currently have $99.00 price target on the stock.

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. “

DOOR has been the subject of several other reports. Benchmark assumed coverage on Masonite International in a research report on Wednesday, February 5th. They issued a buy rating and a $100.00 price objective for the company. Stifel Nicolaus increased their price target on shares of Masonite International from $90.00 to $105.00 and gave the company a buy rating in a report on Wednesday, February 19th. Nomura boosted their price objective on shares of Masonite International from to and gave the stock a buy rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. reaffirmed a hold rating and set a $90.00 price objective on shares of Masonite International in a research report on Thursday, February 13th. Finally, Northcoast Research raised Masonite International from a neutral rating to a buy rating and set a $85.00 price objective on the stock in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $89.45.

DOOR traded down $5.11 during midday trading on Monday, hitting $82.07. 15,596 shares of the company’s stock traded hands, compared to its average volume of 169,083. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.74 and a quick ratio of 1.84. The company has a market cap of $2.21 billion, a PE ratio of 46.74 and a beta of 1.43. Masonite International has a one year low of $47.04 and a one year high of $89.21. The stock’s fifty day simple moving average is $78.52 and its 200-day simple moving average is $65.85.

Masonite International (NYSE:DOOR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.16. The business had revenue of $531.24 million during the quarter, compared to the consensus estimate of $533.51 million. Masonite International had a net margin of 2.05% and a return on equity of 15.08%. Masonite International’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. On average, research analysts expect that Masonite International will post 4.71 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP acquired a new stake in shares of Masonite International during the first quarter worth $37,000. Marshall Wace North America L.P. lifted its holdings in shares of Masonite International by 85.5% in the first quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock valued at $72,000 after purchasing an additional 664 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Masonite International in the fourth quarter worth approximately $87,000. Stephenson National Bank & Trust purchased a new stake in shares of Masonite International in the fourth quarter worth approximately $114,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Masonite International by 6.7% during the third quarter. Public Employees Retirement System of Ohio now owns 2,221 shares of the company’s stock worth $129,000 after purchasing an additional 140 shares during the period. 95.44% of the stock is owned by institutional investors.

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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