Zacks Investment Research lowered shares of Masonite International (NYSE:DOOR) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

According to Zacks, “Masonite International Corp. is a designer and manufacturer of interior and exterior doors. It offers residential molded, flush, stile and rail, louvre and specially-ordered commercial and architectural doors and exterior residential steel, fiberglass, wood doors and entry systems. The company’s portfolio of brands consist of Masonite(R), Marshfield(R), Premdor(R), Mohawk(R), Megantic(R), Algoma(R), Baillargeon(R), Birchwood Best(R) and Lemieux(R). It markets and sells product to remodeling contractors, builders, homeowners, retail dealers, lumberyards, commercial and general contractors and architects through wholesale and retail distribution channels. Masonite International Corp. is headquartered in Florida US. “

Other research analysts have also issued research reports about the company. TheStreet raised Masonite International from a c+ rating to a b rating in a research report on Friday, November 24th. Robert W. Baird reaffirmed a buy rating and set a $72.00 price target on shares of Masonite International in a research report on Friday, October 20th. B. Riley reaffirmed a buy rating on shares of Masonite International in a research report on Wednesday, November 1st. Royal Bank of Canada reaffirmed a buy rating and set a $67.00 price target on shares of Masonite International in a research report on Monday, September 25th. Finally, Stifel Nicolaus reissued a hold rating and issued a $69.00 target price (up previously from $60.00) on shares of Masonite International in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Masonite International presently has an average rating of Hold and an average price target of $76.60.

Shares of Masonite International (NYSE:DOOR) opened at $74.00 on Tuesday. Masonite International has a 52 week low of $50.40 and a 52 week high of $85.30. The company has a quick ratio of 2.05, a current ratio of 3.12 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $2,115.41, a PE ratio of 23.42 and a beta of 1.33.

Masonite International (NYSE:DOOR) last released its quarterly earnings results on Tuesday, November 7th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. The business had revenue of $517.50 million during the quarter, compared to analyst estimates of $509.04 million. Masonite International had a return on equity of 14.38% and a net margin of 4.75%. Masonite International’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 EPS. analysts expect that Masonite International will post 3.48 earnings per share for the current year.

In other news, insider Robert Edgar Lewis sold 1,400 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $70.52, for a total transaction of $98,728.00. Following the transaction, the insider now directly owns 22,518 shares of the company’s stock, valued at approximately $1,587,969.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Wills sold 1,015 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $72.70, for a total value of $73,790.50. The disclosure for this sale can be found here. Insiders sold a total of 4,015 shares of company stock worth $288,263 in the last 90 days. 2.19% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Masonite International by 6.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock valued at $119,000 after buying an additional 101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Masonite International by 18.5% during the 2nd 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. SG Americas Securities LLC lifted its holdings in shares of Masonite International by 1.4% during the 2nd 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. Symphony Asset Management LLC bought a new position in shares of Masonite International during the 2nd quarter valued at $200,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Masonite International during the 3rd quarter valued at $221,000.

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About Masonite International

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.

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