StockNews.com upgraded shares of Masonite International (NYSE:DOOR – Get Rating) from a buy rating to a strong-buy rating in a research note released on Saturday.

Several other analysts have also commented on DOOR. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Masonite International in a research report on Wednesday, August 17th. They issued a buy rating and a $135.00 price objective on the stock. TheStreet upgraded shares of Masonite International from a c+ rating to a b rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. reduced their target price on shares of Masonite International from $110.00 to $93.00 in a research note on Friday, July 15th. Finally, Robert W. Baird lifted their target price on shares of Masonite International from $102.00 to $104.00 in a research note on Wednesday, August 10th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $120.80.

Masonite International Stock Up 1.0 %

DOOR opened at $84.16 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.85 and a quick ratio of 1.77. The company's 50-day moving average is $86.06 and its 200 day moving average is $85.64. Masonite International has a fifty-two week low of $69.41 and a fifty-two week high of $128.87. The firm has a market capitalization of $1.87 billion, a P/E ratio of 14.14 and a beta of 1.72.

Hedge Funds Weigh In On Masonite International

Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc grew its stake in Masonite International by 0.5% during the second quarter. Legal & General Group Plc now owns 22,733 shares of the company's stock valued at $1,746,000 after acquiring an additional 120 shares in the last quarter. ExodusPoint Capital Management LP grew its stake in Masonite International by 33.9% during the second quarter. ExodusPoint Capital Management LP now owns 48,498 shares of the company's stock valued at $3,726,000 after acquiring an additional 12,284 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Masonite International by 27.9% during the second quarter. Goldman Sachs Group Inc. now owns 96,526 shares of the company's stock valued at $7,417,000 after acquiring an additional 21,083 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Masonite International during the second quarter valued at approximately $6,089,000. Finally, Macquarie Group Ltd. grew its stake in Masonite International by 1.0% in the 2nd quarter. Macquarie Group Ltd. now owns 35,457 shares of the company's stock worth $2,724,000 after buying an additional 367 shares in the last quarter.

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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