Masonite International Corporation (DOOR) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Masonite International Corporation (NYSE:DOOR) from a hold rating to a buy rating in a report released on Monday, July 24th. They currently have $86.00 price objective 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. “

A number of other equities analysts have also issued reports on the company. Instinet reduced their target price on Masonite International Corporation from $90.00 to $86.00 and set a buy rating for the company in a research note on Tuesday, May 9th. Nomura initiated coverage on 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. Royal Bank Of Canada restated a buy rating and issued a $92.00 target price on shares of Masonite International Corporation in a research note on Monday, June 19th. Finally, Wedbush restated an outperform rating and issued a $85.00 target price on shares of Masonite International Corporation in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Masonite International Corporation has an average rating of Buy and an average price target of $76.22.

Shares of Masonite International Corporation (DOOR) opened at 60.50 on Monday. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 19.00 and a beta of 1.26. Masonite International Corporation has a 12-month low of $50.40 and a 12-month high of $85.30. The firm has a 50 day moving average price of $72.84 and a 200-day moving average price of $75.40.

Masonite International Corporation (NYSE:DOOR) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.11 by $0.22. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.01%. The business had revenue of $519.70 million for the quarter, compared to analysts’ expectations of $547.79 million. During the same quarter in the prior year, the company posted $1.02 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts expect that Masonite International Corporation will post $3.37 earnings per share for the current fiscal year.

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In other Masonite International Corporation news, Director Robert J. Byrne bought 1,500 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average cost of $60.81 per share, for a total transaction of $91,215.00. Following the transaction, the director now directly owns 9,633 shares of the company’s stock, valued at $585,782.73. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 2.19% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS purchased a new stake in Masonite International Corporation during the first quarter valued at about $5,196,000. Emerald Advisers Inc. PA boosted its stake in Masonite International Corporation by 7.3% in the first quarter. Emerald Advisers Inc. PA now owns 392,159 shares of the company’s stock valued at $31,079,000 after buying an additional 26,600 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in Masonite International Corporation by 2.1% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 299,985 shares of the company’s stock valued at $23,774,000 after buying an additional 6,140 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in Masonite International Corporation during the first quarter valued at about $1,732,000. Finally, Russell Investments Group Ltd. boosted its stake in Masonite International Corporation by 720.4% in the first quarter. Russell Investments Group Ltd. now owns 51,171 shares of the company’s stock valued at $4,055,000 after buying an additional 44,934 shares during the last quarter. Institutional investors own 97.91% 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.

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