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

MasterBrand (NYSE:MBC) had its price objective cut by equities researchers at Loop Capital from $21.00 to $19.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Loop Capital’s price target would indicate a potential upside of 28.68% from the company’s current price.

MasterBrand Price Performance

Shares of NYSE:MBC opened at $14.77 on Wednesday. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 15.22 and a beta of 1.58. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $16.01 and a 200 day simple moving average of $16.67. 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 data 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 during the quarter, compared to the consensus estimate of $722.85 million. MasterBrand had a net margin of 4.66% and a return on equity of 13.99%.

Hedge Funds Weigh In On MasterBrand

Several large investors have recently modified their holdings of the business. Gates Capital Management Inc. raised its stake in shares of MasterBrand by 7.5% during the fourth quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company’s stock valued at $138,643,000 after acquiring an additional 658,807 shares during the last quarter. Boston Partners raised its stake in shares of MasterBrand by 82.2% during the fourth quarter. Boston Partners now owns 5,237,123 shares of the company’s stock valued at $76,558,000 after acquiring an additional 2,363,308 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of MasterBrand by 3.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 5,083,041 shares of the company’s stock worth $74,264,000 after buying an additional 156,993 shares during the period. Dimensional Fund Advisors LP increased its position in shares of MasterBrand by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,976,769 shares of the company’s stock worth $72,709,000 after buying an additional 226,818 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of MasterBrand by 4.2% during the third quarter. Geode Capital Management LLC now owns 3,400,366 shares of the company’s stock worth $63,053,000 after buying an additional 135,693 shares during the period. 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.