Masonite International Corporation (NYSE:DOOR) has been assigned a $77.00 target price by Nomura in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Nomura’s price objective would suggest a potential upside of 5.84% from the stock’s current price.

A number of other research firms have also commented on DOOR. Stephens lowered Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 price target for the company. in a research report on Thursday. Zacks Investment Research lowered Masonite International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $92.00 price target on shares of Masonite International Corporation in a research report on Monday, July 24th. BidaskClub lowered Masonite International Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Instinet increased their price target on Masonite International Corporation from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, April 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $83.10.

Shares of Masonite International Corporation (NYSE DOOR) traded down 20.89% during trading on Thursday, reaching $57.55. 3,971,517 shares of the company were exchanged. Masonite International Corporation has a one year low of $50.40 and a one year high of $85.30. The firm’s 50 day moving average price is $75.66 and its 200 day moving average price is $75.82. The company has a market capitalization of $1.72 billion, a PE ratio of 17.04 and a beta of 1.26.

Masonite International Corporation (NYSE:DOOR) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by $0.22. The company had revenue of $519.70 million during the quarter, compared to analysts’ expectations of $547.79 million. Masonite International Corporation had a net margin of 5.29% and a return on equity of 14.73%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 earnings per share. Equities research analysts forecast that Masonite International Corporation will post $4.13 earnings per share for the current fiscal year.

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In other news, insider Robert Edgar Lewis sold 3,500 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $74.08, for a total transaction of $259,280.00. Following the completion of the sale, the insider now directly owns 22,618 shares of the company’s stock, valued at approximately $1,675,541.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.19% of the company’s stock.

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in shares of Masonite International Corporation by 1.4% in the second quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock valued at $181,000 after buying an additional 34 shares during the period. Prudential Financial Inc. raised its stake in shares of Masonite International Corporation by 1.1% in the second quarter. Prudential Financial Inc. now owns 3,520 shares of the company’s stock valued at $266,000 after buying an additional 40 shares during the period. Stifel Financial Corp raised its stake 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 valued at $300,000 after buying an additional 125 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Masonite International Corporation by 18.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock valued at $125,000 after buying an additional 258 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Masonite International Corporation by 0.9% in the first quarter. Ameriprise Financial Inc. now owns 72,891 shares of the company’s stock valued at $5,777,000 after buying an additional 623 shares during the period. 98.25% of the stock is owned by institutional investors.

Masonite International Corporation Company Profile

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.

Analyst Recommendations for Masonite International Corporation (NYSE:DOOR)

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