Masonite International Corporation (DOOR) Lowered to Neutral at Wedbush
Wedbush cut shares of Masonite International Corporation (NYSE:DOOR) from an outperform rating to a neutral rating in a research note released on Tuesday. They currently have $70.00 price objective on the stock.
DOOR has been the topic of a number of other reports. Robert W. Baird reissued a buy rating and issued a $70.00 price target on shares of Masonite International Corporation in a research report on Sunday, September 17th. TheStreet lowered Masonite International Corporation from a b rating to a c+ rating in a research report on Friday, August 25th. Zacks Investment Research lowered Masonite International Corporation from a hold rating to a sell rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reiterated a buy rating and set a $92.00 price objective on shares of Masonite International Corporation in a research note on Monday, June 19th. Finally, Northcoast Research cut Masonite International Corporation from a buy rating to a neutral rating and set a $70.00 price objective for the company. in a research note on Monday, September 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $75.60.
Masonite International Corporation (NYSE:DOOR) traded down 0.59% on Tuesday, reaching $67.30. 30,839 shares of the company’s stock traded hands. The company has a market cap of $1.99 billion, a PE ratio of 21.14 and a beta of 1.31. The firm’s 50 day moving average price is $64.33 and its 200 day moving average price is $73.31. Masonite International Corporation has a 12 month low of $50.40 and a 12 month high of $85.30.
Masonite International Corporation (NYSE:DOOR) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.22). Masonite International Corporation had a return on equity of 14.01% and a net margin of 4.95%. The business had revenue of $519.70 million during the quarter, compared to analysts’ expectations of $547.79 million. During the same quarter last year, the company posted $1.02 EPS. Masonite International Corporation’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts expect that Masonite International Corporation will post $3.36 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Marea Informative and is the property of of Marea Informative. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at http://www.mareainformativa.com/masonite-international-corporation-door-lowered-to-neutral-at-wedbush/115634/.
In other Masonite International Corporation news, Director Robert J. Byrne bought 1,500 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of $60.81 per share, for a total transaction of $91,215.00. Following the purchase, the director now owns 9,633 shares in the company, valued at approximately $585,782.73. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.19% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Masonite International Corporation by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,370,709 shares of the company’s stock valued at $178,989,000 after acquiring an additional 19,380 shares during the period. BlackRock Inc. boosted its holdings in shares of Masonite International Corporation by 0.6% during the 2nd quarter. BlackRock Inc. now owns 2,145,898 shares of the company’s stock valued at $162,015,000 after acquiring an additional 12,318 shares during the last quarter. Praesidium Investment Management Company LLC grew its stake in shares of Masonite International Corporation by 30.7% in the first quarter. Praesidium Investment Management Company LLC now owns 1,152,496 shares of the company’s stock worth $91,335,000 after acquiring an additional 270,891 shares during the period. Clearbridge Investments LLC grew its stake in shares of Masonite International Corporation by 71.2% in the first quarter. Clearbridge Investments LLC now owns 955,984 shares of the company’s stock worth $75,762,000 after acquiring an additional 397,684 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of Masonite International Corporation by 8.9% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 922,796 shares of the company’s stock worth $69,671,000 after acquiring an additional 75,358 shares during the period. 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.
Receive News & Stock Ratings for Masonite International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International Corporation and related stocks with our FREE daily email newsletter.