Masonite International (NYSE:DOOR) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of Masonite International (NYSE:DOORGet Rating) from a buy rating to a strong-buy rating in a report released on Saturday morning.

A number of other equities research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Masonite International in a report on Wednesday, August 17th. They set a buy rating and a $135.00 price objective for the company. Robert W. Baird lifted their price objective on shares of Masonite International from $102.00 to $104.00 in a report on Wednesday, August 10th. TheStreet upgraded shares of Masonite International from a c+ rating to a b rating in a report on Thursday, August 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Masonite International from $110.00 to $93.00 in a report on Friday, July 15th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $120.80.

Masonite International Stock Performance

Shares of NYSE:DOOR opened at $83.33 on Friday. Masonite International has a 52 week low of $69.41 and a 52 week high of $128.87. The company has a quick ratio of 1.77, a current ratio of 2.85 and a debt-to-equity ratio of 1.31. The firm has a fifty day simple moving average of $85.96 and a two-hundred day simple moving average of $85.73. The stock has a market capitalization of $1.86 billion, a P/E ratio of 14.01 and a beta of 1.72.

Masonite International (NYSE:DOORGet Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.15. Masonite International had a net margin of 4.99% and a return on equity of 32.68%. The company had revenue of $762.00 million during the quarter, compared to analyst estimates of $725.81 million. During the same quarter last year, the business posted $2.23 EPS. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts expect that Masonite International will post 10.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of Masonite International by 28.8% during the 2nd quarter. FMR LLC now owns 1,310,684 shares of the company’s stock worth $100,700,000 after acquiring an additional 292,935 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Masonite International by 11.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 805,679 shares of the company’s stock worth $71,657,000 after acquiring an additional 84,290 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Masonite International by 23.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 607,079 shares of the company’s stock worth $53,994,000 after acquiring an additional 113,896 shares in the last quarter. Invesco Ltd. raised its stake in shares of Masonite International by 4.0% during the 4th quarter. Invesco Ltd. now owns 555,108 shares of the company’s stock worth $65,476,000 after acquiring an additional 21,467 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Masonite International by 2.4% during the 1st quarter. State Street Corp now owns 476,712 shares of the company’s stock worth $42,399,000 after acquiring an additional 11,165 shares in the last quarter.

About Masonite International

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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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