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

MasterBrand (NYSE:MBC) had its price objective cut by Loop Capital from $21.00 to $19.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

MasterBrand Price Performance

Shares of NYSE:MBC opened at $14.29 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.78. MasterBrand has a fifty-two week low of $13.90 and a fifty-two week high of $20.67. The firm has a 50-day simple moving average of $15.98 and a 200 day simple moving average of $16.66. The company has a market cap of $1.82 billion, a PE ratio of 14.73 and a beta of 1.58.

MasterBrand (NYSE:MBC) last posted its 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). MasterBrand had a return on equity of 13.89% and a net margin of 4.66%. The firm had revenue of $667.70 million during the quarter, compared to the consensus estimate of $722.85 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MBC. Smartleaf Asset Management LLC boosted its holdings in shares of MasterBrand by 150.7% in the fourth 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 in the last quarter. Quest Partners LLC lifted its stake in MasterBrand by 33.3% during the third 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 last quarter. Public Employees Retirement System of Ohio lifted its stake in MasterBrand by 52.4% during the third 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. KBC Group NV lifted its stake in MasterBrand by 52.0% during the fourth quarter. KBC Group NV now owns 5,800 shares of the company’s stock valued at $85,000 after purchasing an additional 1,983 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in MasterBrand by 39.9% during the third quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock valued at $89,000 after purchasing an additional 1,364 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors.

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.