Masonite International Corp (DOOR) : Davidson Kempner Capital Management Lp added new position in Masonite International Corp during the most recent quarter end. The investment management firm now holds 562,500 shares of Masonite International Corp which is valued at $37,535,625 , the company said in a statement filed on Aug 15, 2016 with the SEC.Masonite International Corp makes up approximately 2.12% of Davidson Kempner Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in DOOR by selling 593,715 shares or 30.41% in the most recent quarter. The Hedge Fund company now holds 1,358,887 shares of DOOR which is valued at $90,678,530. Masonite International Corp makes up approx 0.02% of Wellington Management Group Llp’s portfolio.Citadel Advisors reduced its stake in DOOR by selling 274,434 shares or 51.52% in the most recent quarter. The Hedge Fund company now holds 258,233 shares of DOOR which is valued at $17,231,888. Masonite International Corp makes up approx 0.04% of Citadel Advisors’s portfolio. Artisan Partners Limited Partnership added DOOR to its portfolio by purchasing 163,956 company shares during the most recent quarter which is valued at $10,940,784. Masonite International Corp makes up approx 0.02% of Artisan Partners Limited Partnership’s portfolio.Cortina Asset Management reduced its stake in DOOR by selling 2,486 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 347,383 shares of DOOR which is valued at $23,180,868. Masonite International Corp makes up approx 0.99% of Cortina Asset Management’s portfolio.Blackrock Group Ltd reduced its stake in DOOR by selling 5,814 shares or 15.35% in the most recent quarter. The Hedge Fund company now holds 32,058 shares of DOOR which is valued at $2,139,230.
Masonite International Corp closed down -0.49 points or -0.73% at $66.24 with 1,22,584 shares getting traded on Thursday. Post opening the session at $66.64, the shares hit an intraday low of $65.63 and an intraday high of $66.66 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Masonite International Corp reported $1.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $0.89. The company had revenue of $514.00 million for the quarter, compared to analysts expectations of $512.99 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on Masonite International Corp. Shares were Reiterated by Imperial Capital on Aug 12, 2016 to “Outperform” and Lowered the Price Target to $ 77 from a previous price target of $80 .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.
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.