MasterBrand, Inc. (NYSE:MBC – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $19.10 and last traded at $18.95, with a volume of 101565 shares changing hands. The stock had previously closed at $18.87.
MasterBrand Stock Performance
The stock’s 50-day moving average is $16.39 and its 200-day moving average is $16.55. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 13.29 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 (NYSE:MBC – Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%. The company had revenue of $676.50 million during the quarter.
Insider Activity at MasterBrand
Hedge Funds Weigh In On MasterBrand
Hedge funds and other institutional investors have recently bought and sold shares of the business. SageView Advisory Group LLC purchased a new stake in shares of MasterBrand during the first quarter worth approximately $25,000. Covestor Ltd lifted its stake in MasterBrand by 71.4% in the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock worth $30,000 after acquiring an additional 665 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of MasterBrand in the 2nd quarter valued at approximately $36,000. GAMMA Investing LLC raised its holdings in shares of MasterBrand by 51.2% in the 1st quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock valued at $41,000 after purchasing an additional 748 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of MasterBrand during the 1st quarter worth $43,000. 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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