Loop Capital Boosts MasterBrand (NYSE:MBC) Price Target to $23.00

MasterBrand (NYSE:MBC) 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) 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

In related news, CAO Mark A. Young sold 4,715 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the transaction, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Ann F. Hackett sold 17,589 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total transaction of $280,544.55. Following the sale, the director now owns 45,520 shares of the company’s stock, valued at approximately $726,044. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction on Friday, September 13th. The shares were sold at an average price of $16.33, for a total value of $76,995.95. Following the completion of the transaction, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,806 shares of company stock worth $365,567 over the last ninety days. Company insiders own 1.38% of the company’s stock.

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.