Ares Management Lowers stake in Masonite International Corp (DOOR)

Masonite International Corp (DOOR) : Ares Management reduced its stake in Masonite International Corp by 30.01% during the most recent quarter end. The investment management company now holds a total of 322,000 shares of Masonite International Corp which is valued at $21,074,900 after selling 138,077 shares in Masonite International Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Masonite International Corp makes up approximately 2.32% of Ares Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in DOOR by selling 20,781 shares or 49.01% in the most recent quarter. The Hedge Fund company now holds 21,624 shares of DOOR which is valued at $1,447,727.Artisan Partners Limited Partnership boosted its stake in DOOR in the latest quarter, The investment management firm added 80,983 additional shares and now holds a total of 244,939 shares of Masonite International Corp which is valued at $15,529,133. Masonite International Corp makes up approx 0.03% of Artisan Partners Limited Partnership’s portfolio. Tower Research Capital (trc) added DOOR to its portfolio by purchasing 519 company shares during the most recent quarter which is valued at $29,609.Ci Investments reduced its stake in DOOR by selling 900 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 19,184 shares of DOOR which is valued at $1,071,426. Masonite International Corp makes up approx 0.01% of Ci Investments’s portfolio.Nationwide Fund Advisors boosted its stake in DOOR in the latest quarter, The investment management firm added 85,096 additional shares and now holds a total of 132,776 shares of Masonite International Corp which is valued at $7,840,423. Masonite International Corp makes up approx 0.03% of Nationwide Fund Advisors’s portfolio.

Masonite International Corp (DOOR) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $67.3 and reached the intraday high at $68. The bulls started the profit booking and pushed the shares to intraday low of $67. The trading session was marked by a volume range of 1,64,523 shares exchanging hands. The 52-week high of the shares is $72.75 and the 52-week low is $45.14. The market cap of the company stands at $2,014 M and there are 2,99,91,791 shares in public circulation.

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. Company shares were Upgraded by Stifel on Nov 10, 2016 to ” Buy”, Firm has raised the Price Target to $ 72 from a previous price target of $62 .

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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