Shares of Masonite International Co. (NYSE:DOOR – Get Rating) have earned a consensus rating of "Buy" from the seven ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $120.80.

Several brokerages have recently commented on DOOR. StockNews.com raised Masonite International from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 10th. TheStreet downgraded Masonite International from a "b" rating to a "c+" rating in a research note on Wednesday. Robert W. Baird increased their price objective on Masonite International from $102.00 to $104.00 in a research note on Wednesday, August 10th. JPMorgan Chase & Co. reduced their target price on Masonite International from $110.00 to $93.00 in a report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Masonite International in a report on Wednesday, August 17th. They issued a "buy" rating and a $135.00 target price for the company.

Hedge Funds Weigh In On Masonite International

Institutional investors have recently modified their holdings of the business. Spire Wealth Management grew its holdings in Masonite International by 51.6% during the second quarter. Spire Wealth Management now owns 385 shares of the company's stock valued at $30,000 after purchasing an additional 131 shares during the period. Point72 Hong Kong Ltd bought a new position in Masonite International during the first quarter valued at $46,000. Covestor Ltd bought a new position in Masonite International during the first quarter valued at $55,000. Counterpoint Mutual Funds LLC bought a new position in Masonite International during the first quarter valued at $84,000. Finally, SG Americas Securities LLC bought a new position in Masonite International during the second quarter valued at $104,000.

Masonite International Stock Up 0.3 %

Masonite International (NYSE:DOOR – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The company reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.15. Masonite International had a return on equity of 32.68% and a net margin of 4.99%. The business had revenue of $762.00 million for the quarter, compared to the consensus estimate of $725.81 million. During the same period in the prior year, the business earned $2.23 EPS. The firm's revenue for the quarter was up 15.1% on a year-over-year basis. On average, research analysts expect that Masonite International will post 10.34 earnings per share for the current fiscal year.

About Masonite International

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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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