Masonite International (NYSE:DOOR - Get Rating) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Thursday.
A number of other research analysts also recently issued reports on the company. TheStreet downgraded Masonite International from a "b" rating to a "c+" rating in a research note on Wednesday, September 14th. JPMorgan Chase & Co. dropped their price target on Masonite International from $110.00 to $93.00 in a research note on Friday, July 15th. Robert W. Baird raised their price target on Masonite International from $102.00 to $104.00 in a research note on Wednesday, August 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Masonite International from $135.00 to $99.00 and set a "buy" rating on the stock in a research note on Thursday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $113.60.
Shares of NYSE DOOR traded down $2.43 during midday trading on Thursday, hitting $66.16. 172,233 shares of the company's stock were exchanged, compared to its average volume of 170,217. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.85 and a quick ratio of 1.77. Masonite International has a twelve month low of $65.71 and a twelve month high of $128.87. The company has a market cap of $1.47 billion, a PE ratio of 11.12 and a beta of 1.69. The firm's fifty day simple moving average is $78.24 and its 200-day simple moving average is $81.47.
Masonite International (NYSE:DOOR - Get Rating) last issued its earnings results on Monday, August 8th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.15. The business had revenue of $762.00 million for the quarter, compared to analyst estimates of $725.81 million. Masonite International had a return on equity of 32.68% and a net margin of 4.99%. The business's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $2.23 EPS. Research analysts predict that Masonite International will post 10.34 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of DOOR. Spire Wealth Management grew its stake in shares of Masonite International by 51.6% in the 2nd 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 last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Masonite International in the 1st quarter valued at approximately $46,000. Covestor Ltd acquired a new stake in shares of Masonite International in the 1st quarter valued at approximately $55,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Masonite International in the 1st quarter valued at approximately $84,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Masonite International in the 2nd quarter valued at approximately $104,000.
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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