Monroe Hall Asset Management Lowers stake in Masonite International Corp (DOOR)

Masonite International Corp (DOOR) : Monroe Hall Asset Management reduced its stake in Masonite International Corp by 70.27% during the most recent quarter end. The investment management company now holds a total of 117,249 shares of Masonite International Corp which is valued at $7,824,026 after selling 277,073 shares in Masonite International Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Masonite International Corp makes up approximately 2.15% of Monroe Hall Asset Management’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md reduced its stake in DOOR by selling 2,200 shares or 32.93% in the most recent quarter. The Hedge Fund company now holds 4,480 shares of DOOR which is valued at $298,950.Fmr boosted its stake in DOOR in the latest quarter, The investment management firm added 5,391 additional shares and now holds a total of 10,749 shares of Masonite International Corp which is valued at $717,281.Acrospire Investment Management boosted its stake in DOOR in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 700 shares of Masonite International Corp which is valued at $50,456. Masonite International Corp makes up approx 0.04% of Acrospire Investment Management’s portfolio.Swiss National Bank boosted its stake in DOOR in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 42,977 shares of Masonite International Corp which is valued at $3,046,640.Rs Investment Management Co reduced its stake in DOOR by selling 144,354 shares or 18.06% in the most recent quarter. The Hedge Fund company now holds 655,118 shares of DOOR which is valued at $44,718,355. Masonite International Corp makes up approx 0.44% of Rs Investment Management Co’s portfolio.

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.

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