Think Investments Lp buys $42,286,801 stake in Masonite International Corp (DOOR)

Masonite International Corp (DOOR) : Think Investments Lp scooped up 114,500 additional shares in Masonite International Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 633,700 shares of Masonite International Corp which is valued at $42,286,801.Masonite International Corp makes up approximately 14.88% of Think Investments Lp’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in DOOR by selling 408 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 14,924 shares of DOOR which is valued at $995,879. Masonite International Corp makes up approx 0.01% of Susquehanna International Group Llp’s portfolio. First Mercantile Trust Co added DOOR to its portfolio by purchasing 3,600 company shares during the most recent quarter which is valued at $240,228. Masonite International Corp makes up approx 0.03% of First Mercantile Trust Co’s portfolio.Ubs Asset Management Americas Inc boosted its stake in DOOR in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 15,455 shares of Masonite International Corp which is valued at $1,038,267.Emerald Mutual Fund Advisers Trust boosted its stake in DOOR in the latest quarter, The investment management firm added 163,736 additional shares and now holds a total of 273,045 shares of Masonite International Corp which is valued at $19,066,732. Masonite International Corp makes up approx 1.01% of Emerald Mutual Fund Advisers Trust’s portfolio.American Century Companies Inc boosted its stake in DOOR in the latest quarter, The investment management firm added 8,483 additional shares and now holds a total of 242,113 shares of Masonite International Corp which is valued at $16,526,633. Masonite International Corp makes up approx 0.02% of American Century Companies Inc’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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