MasterBrand (NYSE:MBC) Price Target Lowered to $19.00 at Loop Capital

MasterBrand (NYSE:MBC) had its target price reduced by Loop Capital from $21.00 to $19.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

MasterBrand Trading Down 5.7 %

MasterBrand stock opened at $15.31 on Wednesday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 13.43 and a beta of 1.58. The firm has a 50-day moving average of $16.05 and a 200-day moving average of $16.68. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02. MasterBrand has a one year low of $13.90 and a one year high of $20.67.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $667.70 million for the quarter, compared to analyst estimates of $722.85 million. MasterBrand had a net margin of 5.46% and a return on equity of 15.51%.

Hedge Funds Weigh In On MasterBrand

A number of institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in shares of MasterBrand by 150.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company’s stock valued at $37,000 after acquiring an additional 1,549 shares during the period. Quest Partners LLC raised its holdings in shares of MasterBrand by 33.3% in the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock valued at $61,000 after purchasing an additional 821 shares during the period. Public Employees Retirement System of Ohio lifted its stake in MasterBrand by 52.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock valued at $66,000 after purchasing an additional 1,216 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in MasterBrand by 39.9% during the third quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock worth $89,000 after purchasing an additional 1,364 shares during the period. Finally, KBC Group NV increased its position in MasterBrand by 52.0% during the fourth quarter. KBC Group NV now owns 5,800 shares of the company’s stock worth $85,000 after buying an additional 1,983 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors and hedge funds.

About MasterBrand

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.