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Masonite International Corp (NYSE:DOOR) CFO Mark J. Erceg sold 10,000 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $55.00, for a total value of $550,000.00. Following the completion of the sale, the chief financial officer now directly owns 56,882 shares of the company’s stock, valued at approximately $3,128,510. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

DOOR has been the subject of a number of recent research reports. Analysts at RBC Capital cut their price target on shares of Masonite International Corp from $65.00 to $60.00 in a research note on Friday, May 9th. Separately, analysts at Imperial Capital initiated coverage on shares of Masonite International Corp in a research note on Tuesday, April 22nd. They set an “outperform” rating and a $66.00 price target on the stock.

Masonite International Corp (NYSE:DOOR) traded up 1.72% on Tuesday, hitting $55.68. 554,433 shares of the company’s stock traded hands. Masonite International Corp has a 1-year low of $45.00 and a 1-year high of $62.25. The stock has a 50-day moving average of $52.9 and a 200-day moving average of $55.10. The company’s market cap is $1.639 billion. Masonite International Corp also was the recipient of a significant growth in short interest in May. As of May 30th, there was short interest totalling 2,192,802 shares, a growth of 77.3% from the May 15th total of 1,236,495 shares. Based on an average daily volume of 235,602 shares, the short-interest ratio is currently 9.3 days. Currently, 8.2% of the company’s shares are sold short.

Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets.

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