Masonite International (NYSE:DOOR) had its price target cut by stock analysts at B. Riley from $80.00 to $66.00 in a report released on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 19.83% from the stock’s current price.

DOOR has been the topic of a number of other research reports. TheStreet cut shares of Masonite International from a “b” rating to a “c+” rating in a research note on Wednesday, August 22nd. ValuEngine cut shares of Masonite International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised shares of Masonite International from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Thursday, October 4th. Royal Bank of Canada set a $76.00 price objective on shares of Masonite International and gave the stock a “buy” rating in a research note on Monday, October 8th. Finally, Robert W. Baird set a $72.00 price objective on shares of Masonite International and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.14.

NYSE:DOOR traded up $0.58 during midday trading on Thursday, hitting $55.08. The company’s stock had a trading volume of 290,655 shares, compared to its average volume of 244,513. Masonite International has a fifty-two week low of $51.15 and a fifty-two week high of $75.95. The company has a current ratio of 2.51, a quick ratio of 1.54 and a debt-to-equity ratio of 0.88. The company has a market cap of $1.49 billion, a PE ratio of 16.54 and a beta of 1.28.

Masonite International (NYSE:DOOR) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.02). Masonite International had a return on equity of 14.63% and a net margin of 7.08%. The business had revenue of $557.00 million during the quarter, compared to analyst estimates of $559.88 million. During the same quarter last year, the company posted $1.00 EPS. Masonite International’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts predict that Masonite International will post 4.02 earnings per share for the current fiscal year.

In other news, Director George A. Lorch sold 12,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $68.64, for a total transaction of $878,592.00. Following the sale, the director now owns 22,832 shares of the company’s stock, valued at approximately $1,567,188.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Edgar Lewis sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $66.44, for a total transaction of $298,980.00. Following the sale, the insider now directly owns 16,786 shares in the company, valued at approximately $1,115,261.84. The disclosure for this sale can be found here. 2.19% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado lifted its position in shares of Masonite International by 167.1% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 1,608 shares of the company’s stock valued at $103,000 after buying an additional 1,006 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Masonite International by 773.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,008 shares of the company’s stock valued at $143,000 after purchasing an additional 1,778 shares in the last quarter. Hartford Investment Management Co. purchased a new position in Masonite International in the 2nd quarter valued at $209,000. Xact Kapitalforvaltning AB lifted its holdings in Masonite International by 25.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 3,944 shares of the company’s stock valued at $242,000 after purchasing an additional 800 shares in the last quarter. Finally, BB&T Corp lifted its holdings in Masonite International by 24.4% in the 3rd quarter. BB&T Corp now owns 5,773 shares of the company’s stock valued at $371,000 after purchasing an additional 1,134 shares in the last quarter. Hedge funds and other institutional investors own 96.21% 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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