Masonite International (NYSE:DOOR) Rating Increased to Hold at Zacks Investment Research

Masonite International (NYSE:DOOR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, 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. “

Several other research firms also recently issued reports on DOOR. Royal Bank of Canada downgraded shares of Masonite International from an “outperform” rating to a “sector perform” rating and set a $62.00 price objective on the stock. in a report on Wednesday. Stifel Nicolaus upgraded shares of Masonite International from a “hold” rating to a “buy” rating and upped their price objective for the company from $50.00 to $80.00 in a report on Wednesday. Wedbush restated a “neutral” rating on shares of Masonite International in a report on Wednesday, August 7th. ValuEngine upgraded Masonite International from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Robert W. Baird upped their target price on Masonite International from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Masonite International has an average rating of “Buy” and an average target price of $64.33.

Shares of DOOR traded up $0.14 during mid-day trading on Friday, hitting $64.49. 180,164 shares of the company traded hands, compared to its average volume of 140,539. Masonite International has a 1-year low of $43.76 and a 1-year high of $67.55. The company has a quick ratio of 1.70, a current ratio of 2.65 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $1.58 billion, a PE ratio of 17.52 and a beta of 1.36. The business has a 50 day moving average of $58.87 and a 200 day moving average of $53.80.

Masonite International (NYSE:DOOR) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.12. Masonite International had a net margin of 2.55% and a return on equity of 15.29%. The firm had revenue of $552.19 million for the quarter, compared to the consensus estimate of $557.92 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts expect that Masonite International will post 3.56 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new stake in Masonite International in the 1st quarter worth approximately $37,000. First Mercantile Trust Co. purchased a new stake in Masonite International in the 2nd quarter worth approximately $71,000. Marshall Wace North America L.P. boosted its position in Masonite International by 85.5% in the 1st quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock worth $72,000 after purchasing an additional 664 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Masonite International in the 2nd quarter worth approximately $207,000. Finally, Brinker Capital Inc. purchased a new stake in Masonite International in the 3rd quarter worth approximately $251,000. Hedge funds and other institutional investors own 96.84% of the company’s stock.

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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