Zelman Capital buys $14 Million stake in Masonite International Corp (DOOR)

Masonite International Corp (DOOR) : Zelman Capital scooped up 40,406 additional shares in Masonite International Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 204,110 shares of Masonite International Corp which is valued at $14 Million.Masonite International Corp makes up approximately 7.97% of Zelman Capital’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in DOOR in the latest quarter, The investment management firm added 106,470 additional shares and now holds a total of 757,660 shares of Masonite International Corp which is valued at $52 Million. Masonite International Corp makes up approx 0.07% of Oppenheimerfunds’s portfolio.Blackrock Japan Ltd boosted its stake in DOOR in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 442 shares of Masonite International Corp which is valued at $30,334.Manufacturers Life Insurance Company The boosted its stake in DOOR in the latest quarter, The investment management firm added 558 additional shares and now holds a total of 128,861 shares of Masonite International Corp which is valued at $8.8 Million. Masonite International Corp makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio.Teachers Advisors Inc reduced its stake in DOOR by selling 163,668 shares or 38.71% in the most recent quarter. The Hedge Fund company now holds 259,104 shares of DOOR which is valued at $17.9 Million. Masonite International Corp makes up approx 0.03% of Teachers Advisors Inc’s portfolio.

Masonite International Corp opened for trading at $68.89 and hit $69.75 on the upside on Friday, eventually ending the session at $69.71, with a gain of 1.80% or 1.23 points. The heightened volatility saw the trading volume jump to 2,76,976 shares. Company has a market cap of $2,112,422 M.

On the company’s financial health, Masonite International Corp reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.42. The company had revenue of $489.30 million for the quarter, compared to analysts expectations of $464.66 million. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

Many Wall Street Analysts have commented on Masonite International Corp. Company shares were Reiterated by Imperial Capital on May 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 82.50 from a previous price target of $80 .Company shares were Reiterated by FBR Capital on May 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 89 from a previous price target of $87 .Robert W. Baird Initiated Masonite International Corp on Apr 8, 2016 to “Outperform”, Price Target of the shares are set at $75.

Masonite International Corporation is a designer and manufacturer of interior and exterior doors for residential construction residential repair renovation and remodeling and the non-residential building construction markets. The Company markets and sells its products to remodeling contractors builders homeowners retailers dealers lumberyards commercial and general contractors and architects through wholesale and retail distribution channels. Its portfolio of brands include Masonite Marshfield Premdor Mohawk Megantic Algoma Birchwood Best Lemieux Door-Stop and Harring Doors among others. Its other products also include the Vista Grande Storm Guard AvantGuard and Heritage Collection. Its product lines include residential doors architectural doors and components. The Company operates under the following geographical segments: North America; Europe Asia and Latin America and Africa.

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