Masonite International (NYSE:DOOR) Downgraded to “Sell” at ValuEngine

Masonite International (NYSE:DOOR) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday, ValuEngine reports.

DOOR has been the topic of a number of other research reports. Northcoast Research raised shares of Masonite International from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Wednesday, November 27th. Zacks Investment Research raised shares of Masonite International from a “sell” rating to a “hold” rating in a report on Friday, November 8th. TheStreet raised shares of Masonite International from a “c+” rating to a “b-” rating in a report on Friday, September 27th. Robert W. Baird boosted their price objective on shares of Masonite International from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Nomura boosted their price objective on shares of Masonite International from $77.00 to $81.00 in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Masonite International currently has a consensus rating of “Hold” and a consensus price target of $67.50.

DOOR stock opened at $71.11 on Tuesday. The company has a market cap of $1.79 billion, a P/E ratio of 19.32 and a beta of 1.39. Masonite International has a 52 week low of $43.76 and a 52 week high of $74.46. The company’s 50-day moving average price is $64.48 and its 200 day moving average price is $55.69. The company has a current ratio of 2.65, a quick ratio of 1.72 and a debt-to-equity ratio of 1.50.

Masonite International (NYSE:DOOR) last released its quarterly earnings data on Monday, November 4th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.12. The firm had revenue of $552.19 million for the quarter, compared to the consensus estimate of $557.92 million. Masonite International had a net margin of 2.55% and a return on equity of 15.29%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. On average, equities research analysts expect that Masonite International will post 3.54 earnings per share for the current year.

In other Masonite International news, insider Robert Edgar Lewis sold 1,500 shares of Masonite International stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $64.10, for a total transaction of $96,150.00. Following the completion of the transaction, the insider now owns 26,881 shares in the company, valued at $1,723,072.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.43% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DOOR. Marshall Wace LLP acquired a new position in Masonite International during the first quarter worth about $37,000. First Mercantile Trust Co. acquired a new position in Masonite International during the second quarter worth about $71,000. Marshall Wace North America L.P. raised its position in Masonite International by 85.5% during the first quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock worth $72,000 after acquiring an additional 664 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Masonite International by 6.7% during the third quarter. Public Employees Retirement System of Ohio now owns 2,221 shares of the company’s stock worth $129,000 after acquiring an additional 140 shares during the last quarter. Finally, Brinker Capital Inc. acquired a new position in Masonite International during the third quarter worth about $251,000. Institutional investors own 97.00% of the company’s stock.

Masonite International Company Profile

Masonite International Corporation designs, manufactures, 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. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.

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Analyst Recommendations for Masonite International (NYSE:DOOR)

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