Masonite International (NYSE:DOOR) Upgraded at Zacks Investment Research

Masonite International (NYSE:DOORGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. The firm presently has a $90.00 price target on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 15.76% from the company’s previous close.

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. “

Other equities analysts have also issued research reports about the stock. StockNews.com initiated coverage on shares of Masonite International in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Royal Bank of Canada dropped their price target on shares of Masonite International from $153.00 to $142.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 23rd. Stifel Nicolaus dropped their target price on shares of Masonite International from $150.00 to $130.00 in a research report on Wednesday, February 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Masonite International from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, April 20th. Finally, TheStreet downgraded shares of Masonite International from a “b” rating to a “c” rating in a research report on Friday, February 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $113.00.

Masonite International stock traded down $2.24 during mid-day trading on Tuesday, reaching $77.75. The company had a trading volume of 12,672 shares, compared to its average volume of 185,207. Masonite International has a 1 year low of $72.86 and a 1 year high of $132.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.95 and a quick ratio of 2.05. The company has a market cap of $1.75 billion, a P/E ratio of 20.57 and a beta of 1.73. The business’s 50-day simple moving average is $89.12.

Masonite International (NYSE:DOORGet Rating) last issued its quarterly earnings data on Monday, February 21st. The company reported $2.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.03 by ($0.02). Masonite International had a return on equity of 27.40% and a net margin of 3.64%. The business had revenue of $635.97 million for the quarter, compared to analysts’ expectations of $662.96 million. During the same period last year, the business earned $1.26 earnings per share. On average, analysts anticipate that Masonite International will post 9.81 earnings per share for the current fiscal year.

In other Masonite International news, Director Jay Ira Steinfeld bought 1,000 shares of the firm’s stock in a transaction on Thursday, February 24th. The stock was bought at an average cost of $85.80 per share, with a total value of $85,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Masonite International in the 4th quarter valued at $35,702,000. Norges Bank acquired a new stake in Masonite International in the 4th quarter valued at about $31,633,000. Franklin Resources Inc. increased its position in Masonite International by 40.9% in the 3rd quarter. Franklin Resources Inc. now owns 910,173 shares of the company’s stock valued at $96,596,000 after acquiring an additional 264,088 shares in the last quarter. Boston Partners bought a new position in shares of Masonite International in the 3rd quarter valued at about $25,112,000. Finally, Frontier Capital Management Co. LLC bought a new position in shares of Masonite International in the 4th quarter valued at about $21,832,000.

About Masonite International (Get Rating)

Masonite International Corporation designs, manufactures, markets, 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. It offers molded panel, flush, stile and rail, steel, and fiberglass residential doors, as well as medium-density fiberboard (MDF) and architectural interior doors.

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