MasterBrand (NYSE:MBC – Free Report) had its price objective increased by Loop Capital from $20.00 to $23.00 in a report issued on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.
MasterBrand Trading Up 0.7 %
NYSE:MBC opened at $19.20 on Thursday. The company has a market capitalization of $2.44 billion, a P/E ratio of 13.52 and a beta of 1.49. The company has a current ratio of 2.24, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55. MasterBrand has a 12 month low of $10.53 and a 12 month high of $19.31. The firm has a fifty day simple moving average of $16.90 and a 200-day simple moving average of $16.52.
MasterBrand (NYSE:MBC – Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04. The firm had revenue of $676.50 million during the quarter. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%.
Insider Activity at MasterBrand
Hedge Funds Weigh In On MasterBrand
A number of hedge funds have recently made changes to their positions in MBC. SageView Advisory Group LLC purchased a new stake in shares of MasterBrand during the first quarter worth approximately $25,000. Covestor Ltd raised its position in shares of MasterBrand by 71.4% in the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock valued at $30,000 after buying an additional 665 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of MasterBrand by 51.2% in the first quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock worth $41,000 after buying an additional 748 shares in the last quarter. Mather Group LLC. acquired a new position in MasterBrand during the first quarter worth about $43,000. Finally, Quest Partners LLC purchased a new stake in MasterBrand during the 2nd quarter valued at about $36,000. Institutional investors and hedge funds 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.
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