MasterBrand (NYSE:MBC – Free Report) had its target price boosted by Loop Capital from $20.00 to $23.00 in a research report released on Thursday, Benzinga reports. Loop Capital currently has a buy rating on the stock.
MasterBrand Trading Up 0.7 %
MBC opened at $19.20 on Thursday. The stock has a market capitalization of $2.44 billion, a PE ratio of 13.52 and a beta of 1.49. MasterBrand has a one year low of $10.53 and a one year high of $19.31. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 2.24. The business’s 50 day moving average price is $16.90 and its 200 day moving average price is $16.52.
MasterBrand (NYSE:MBC – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $676.50 million during the quarter. MasterBrand had a return on equity of 16.58% and a net margin of 6.69%.
Insider Transactions at MasterBrand
Institutional Investors Weigh In On MasterBrand
Several large investors have recently bought and sold shares of MBC. Bridgeway Capital Management LLC acquired a new position in shares of MasterBrand during the first quarter worth about $20,894,000. Mawer Investment Management Ltd. acquired a new position in MasterBrand during the 2nd quarter worth approximately $9,873,000. Empowered Funds LLC purchased a new stake in shares of MasterBrand in the 1st quarter valued at approximately $10,212,000. Dimensional Fund Advisors LP raised its holdings in shares of MasterBrand by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company’s stock valued at $66,738,000 after purchasing an additional 497,327 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of MasterBrand during the 2nd quarter worth $6,710,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.
MasterBrand Company Profile
MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.
Further Reading
- Five stocks we like better than MasterBrand
- 3 Monster Growth Stocks to Buy Now
- Is Spotify Stock Poised to Soar? Options Traders Think So
- 3 Stocks to Consider Buying in October
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- What Does a Stock Split Mean?
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
Receive News & Ratings for MasterBrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasterBrand and related companies with MarketBeat.com's FREE daily email newsletter.