Masonite International's Stock Rating Downgraded to Hold by StockNews.com

Masonite International DOOR Suffers Rating Downgrade

Investment analysts at StockNews.com adjusted their recommendation for Masonite International Corporation DOOR, lowering the company’s stock rating from 'buy' to 'hold'. This adjustment reflects the analysts' updated stance on the organization after considering its recent market performance and future outlook.

Competing Analyst Views on DOOR

Though DOOR faced a downgrade, it has been the subject of various other research assessments. Royal Bank of Canada reduced their price target for Masonite International from $106.00 to $87.00, maintaining a 'sector perform' rating. Benchmark took similar steps by lowering its target from $133.00 to $115.00 but continued to endorse a “buy” rating. In another instance, Stifel Nicolaus reduced their price target to $116.00 while keeping their 'buy' recommendation intact. Wedbush reiterated an 'outperform' rating with a set price target of $125.00, while Stephens switched their rating from 'overweight' to 'equal weight' and reduced their price expectation from $130.00 to $93.00. The stock currently holds a 'Moderate Buy' consensus rating from analysts with an average price target of $109.00, according to MarketBeat's compiled data.

DOOR Market Snapshot

The market opening saw Masonite International's shares priced at $82.60. The company boasts a market cap of roughly $1.82 billion, a P/E ratio of 11.62, a PEG ratio of 0.81, and a beta value of 1.65. Notable financial ratios include a quick ratio of 1.93, a current ratio of 2.97, and a debt-to-equity ratio of 1.24. With a fluctuating 50-day moving average of $88.53 and a 200-day moving average of $95.24, the stock's 12-month metrics demonstrate a low of $69.50 and a high of $109.58.

Recent DOOR Earnings Overview

Last disclosed on November 7th, Masonite International reported an EPS of $2.04 for the quarter, slightly below the $2.12 consensus estimate, translating into a shortfall of $0.08. With a commendable return on equity of 22.14% and a net margin of 5.60%, the company generated quarterly revenue of $702.25 million, in contrast to the anticipated $711.21 million. Comparing year-over-year, there was a revenue decline of 3.5% versus the same quarter previous year. Looking ahead, analysts expect an EPS of $7.88 for Masonite International's fiscal year.

Hedge Funds' Actions on DOOR

Recent actions by hedge funds indicate varying degrees of stock accumulation. For instance, Raymond James & Associates ramped up its position in DOOR by 5.7%, now valuing their holdings at about $1,769,000. The PNC Financial Services Group Inc. PNC saw a 38.3% increase in Masonite holdings, equating to roughly 3,038 stock shares valued near $270,000. AlphaCrest Capital Management LLC initiated a new position, while MetLife Investment Management LLC MET significantly enhanced its stake by 55.5%. Rhumbline Advisers also saw a subtle increase of 1.2% in their holdings in the company.

About Masonite International Corporation

DOOR, headquartered in Tampa, Florida, is a global player in design, manufacturing, marketing, and distribution of both interior and exterior doors covering new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets.

Final Investment Considerations

Investors and potential shareholders are encouraged to consider the latest analysis, financial ratios, fund movements, and market placement before making any decisions on Masonite International Corporation. With the latest rating adjustment to 'hold,' shareholders should weigh their options in the context of the broader market scenario and specific company metrics.

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