TheStreet downgraded shares of Masonite International (NYSE:DOOR – Get Rating) from a b rating to a c+ rating in a report released on Wednesday, TheStreetRatingsTable reports.
Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of Masonite International from $110.00 to $93.00 in a report on Friday, July 15th. StockNews.com upgraded shares of Masonite International from a buy rating to a strong-buy rating in a research note on Saturday, September 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Masonite International in a research note on Wednesday, August 17th. They set a buy rating and a $135.00 target price for the company. Finally, Robert W. Baird upped their target price on shares of Masonite International from $102.00 to $104.00 in a research note on Wednesday, August 10th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of Buy and an average target price of $120.80.
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Masonite International Stock Performance
DOOR stock opened at $75.03 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 2.85 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 12.61 and a beta of 1.72. Masonite International has a 12 month low of $69.41 and a 12 month high of $128.87. The firm has a 50 day moving average of $85.69 and a two-hundred day moving average of $85.15.
Masonite International (NYSE:DOOR – Get Rating) last posted its earnings results on Monday, August 8th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.43 by $0.15. The company had revenue of $762.00 million during the quarter, compared to the consensus estimate of $725.81 million. Masonite International had a net
margin of 4.99% and a return on equity of 32.68%. The company's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.23 earnings per share. As a group, equities analysts anticipate that Masonite International will post 10.34 EPS for the current fiscal year.
Institutional Investors Weigh In On Masonite International
Institutional investors have recently modified their holdings of the business. Barclays PLC grew its holdings in Masonite International by 81.5% during the fourth quarter. Barclays PLC now owns 39,162 shares of the company's stock valued at $4,619,000 after purchasing an additional 17,583 shares during the period. Castleark Management LLC lifted its stake in Masonite International by 2.5% in the fourth quarter. Castleark Management LLC now owns 46,475 shares of the company's stock valued at $5,482,000 after buying an additional 1,150 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Masonite International in the fourth quarter worth $1,724,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Masonite International in the first quarter worth $2,397,000. Finally, Peregrine Capital Management LLC lifted its position in shares of Masonite International by 2.5% in the first quarter. Peregrine Capital Management LLC now owns 156,901 shares of the company's stock worth $13,955,000 after purchasing an additional 3,800 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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