Zelman Capital buys $14,692,228 stake in Masonite International Corp (DOOR)

Masonite International Corp (DOOR) : Zelman Capital scooped up 10,000 additional shares in Masonite International Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 214,110 shares of Masonite International Corp which is valued at $14,692,228.Masonite International Corp makes up approximately 7.18% of Zelman Capital’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp reduced its stake in DOOR by selling 551 shares or 79.28% in the most recent quarter. The Hedge Fund company now holds 144 shares of DOOR which is valued at $9,881. Bnp Paribas Arbitrage Sa added DOOR to its portfolio by purchasing 1,177 company shares during the most recent quarter which is valued at $80,260.

Masonite International Corp closed down -0.19 points or -0.27% at $68.93 with 1,41,402 shares getting traded on Monday. Post opening the session at $69.02, the shares hit an intraday low of $68.54 and an intraday high of $69.33 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Shares were Reiterated by Imperial Capital on Jul 6, 2016 to “Outperform” and Lowered the Price Target to $ 80 from a previous price target of $82.50 .FBR Capital Initiated Masonite International Corp on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $89.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 .

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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