5 Stocks that Will Double In 2021

In this article, we discuss the 5 stocks that will double in 2021. If you want to read our detailed analysis of these stocks, go directly to the 15 Stocks that Will Double In 2021.

5. Masonite International Corporation (NYSE: DOOR)

Number of Hedge Fund Holders: 31

Masonite International Corporation (NYSE: DOOR) is placed fifth on our list of 15 stocks that will double in 2021. The company’s shares have returned 20% to investors in the past year. The company is headquartered in Florida and makes and sells doors for interior and exterior purposes. On June 24, the firm announced that it would be investing in a new manufacturing facility in South Carolina. According to the firm, the new facility would employ 220 workers and would start functioning as soon as early 2022. 

On May 27, investment advisory resumed coverage of Masonite International Corporation (NYSE: DOOR) stock with a Buy rating and a price target of $148, highlighting that the was expected to benefit from the boom in housing prices as the leading door manufacturer. 

At the end of the first quarter of 2021, 31 hedge funds in the database of Insider Monkey held stakes worth $405 million in Masonite International Corporation (NYSE: DOOR), up from 28 the preceding quarter worth $414 million.