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.

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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.

Analyst Recommendations for Masonite International Corporation (NYSE:DOOR)

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