Masonite International (DOOR) Downgraded by Zacks Investment Research to “Hold”

Masonite International (NYSE:DOOR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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. “

DOOR has been the topic of several other research reports. ValuEngine upgraded Masonite International from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Royal Bank of Canada set a $60.00 price target on Masonite International and gave the company a “buy” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. lifted their price target on Masonite International from $66.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Robert W. Baird set a $62.00 price target on Masonite International and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Wedbush reiterated a “neutral” rating and issued a $50.00 price target on shares of Masonite International in a research note on Monday, April 1st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $61.00.

Masonite International stock opened at $55.00 on Tuesday. Masonite International has a one year low of $43.76 and a one year high of $73.40. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.69 and a current ratio of 2.73. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 14.95 and a beta of 1.43.

Masonite International (NYSE:DOOR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.07. Masonite International had a return on equity of 15.58% and a net margin of 3.47%. The firm had revenue of $530.00 million for the quarter, compared to analyst estimates of $531.46 million. During the same quarter last year, the company earned $0.73 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Equities research analysts expect that Masonite International will post 4.03 earnings per share for the current fiscal year.

In other news, insider Robert Edgar Lewis sold 1,000 shares of Masonite International stock in a transaction on Friday, March 1st. The stock was sold at an average price of $55.28, for a total value of $55,280.00. Following the transaction, the insider now owns 21,238 shares in the company, valued at approximately $1,174,036.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.43% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of DOOR. Norges Bank bought a new stake in Masonite International during the 4th quarter worth $21,146,000. Hound Partners LLC grew its position in Masonite International by 84.7% during the 4th quarter. Hound Partners LLC now owns 677,515 shares of the company’s stock worth $30,373,000 after acquiring an additional 310,774 shares during the last quarter. Praesidium Investment Management Company LLC grew its position in Masonite International by 11.1% during the 1st quarter. Praesidium Investment Management Company LLC now owns 1,916,346 shares of the company’s stock worth $95,607,000 after acquiring an additional 191,150 shares during the last quarter. JPMorgan Chase & Co. grew its position in Masonite International by 48.0% during the 1st quarter. JPMorgan Chase & Co. now owns 315,232 shares of the company’s stock worth $15,727,000 after acquiring an additional 102,257 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Masonite International by 13.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 710,809 shares of the company’s stock worth $35,463,000 after acquiring an additional 83,297 shares during the last quarter.

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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