Masonite International Corporation (NYSE:DOOR) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.
DOOR has been the subject of several other research reports. Stephens downgraded Masonite International Corporation from an “overweight” rating to an “equal weight” rating in a report on Thursday. Royal Bank Of Canada reiterated a “buy” rating and set a $92.00 price target on shares of Masonite International Corporation in a report on Monday, July 24th. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of Masonite International Corporation in a report on Friday, June 16th. Zacks Investment Research downgraded Masonite International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Nomura initiated coverage on Masonite International Corporation in a report on Wednesday, April 12th. They set a “buy” rating and a $50.00 price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $79.44.
Masonite International Corporation (NYSE:DOOR) traded down 23.44% on Thursday, reaching $55.70. 906,916 shares of the company’s stock were exchanged. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 16.49 and a beta of 1.26. The stock’s 50 day moving average is $75.66 and its 200 day moving average is $75.82. Masonite International Corporation has a 52 week low of $50.40 and a 52 week high of $85.30.
Masonite International Corporation (NYSE:DOOR) last issued its earnings results on Wednesday, August 9th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by $0.22. Masonite International Corporation had a return on equity of 14.73% and a net margin of 5.29%. The firm had revenue of $519.70 million for the quarter, compared to analyst estimates of $547.79 million. During the same period in the previous year, the company earned $1.02 earnings per share. Masonite International Corporation’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Masonite International Corporation will post $4.13 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This piece was reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/2797123/bidaskclub-lowers-masonite-international-corporation-door-to-sell.html.
In other Masonite International Corporation news, insider Robert Edgar Lewis sold 3,500 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $74.08, for a total value of $259,280.00. Following the completion of the transaction, the insider now owns 22,618 shares in the company, valued at approximately $1,675,541.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in DOOR. BlackRock Inc. increased its position in shares of Masonite International Corporation by 84,431.7% in the first quarter. BlackRock Inc. now owns 2,133,580 shares of the company’s stock worth $169,086,000 after buying an additional 2,131,056 shares during the period. Bank of America Corp DE increased its position in shares of Masonite International Corporation by 49.0% in the first quarter. Bank of America Corp DE now owns 156,217 shares of the company’s stock worth $12,380,000 after buying an additional 51,367 shares during the period. Virginia Retirement Systems ET AL acquired a new position in shares of Masonite International Corporation during the first quarter worth about $491,000. Stifel Financial Corp increased its position in shares of Masonite International Corporation by 3.4% in the first quarter. Stifel Financial Corp now owns 3,786 shares of the company’s stock worth $300,000 after buying an additional 125 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Masonite International Corporation by 720.4% in the first quarter. Russell Investments Group Ltd. now owns 51,171 shares of the company’s stock worth $4,055,000 after buying an additional 44,934 shares during the period. Hedge funds and other institutional investors own 98.25% of the company’s stock.
About Masonite International Corporation
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.
Receive News & Ratings for Masonite International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.