MasterBrand (NYSE:MBC) Sees Large Volume Increase - What's Next?

MasterBrand, Inc. (NYSE:MBC - Get Free Report) shares saw an uptick in trading volume on Monday . 789,963 shares were traded during trading, a decline of 13% from the previous session's volume of 912,487 shares.The stock last traded at $16.91 and had previously closed at $17.32.

Analysts Set New Price Targets

Separately, Loop Capital increased their target price on MasterBrand from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Thursday, October 17th.

MasterBrand Price Performance

The company has a market cap of $2.19 billion, a PE ratio of 15.09 and a beta of 1.58. The business's 50 day moving average price is $16.11 and its 200-day moving average price is $16.74. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83.

MasterBrand (NYSE:MBC - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.06. MasterBrand had a net margin of 5.46% and a return on equity of 15.51%. The firm had revenue of $718.10 million for the quarter.

Institutional Investors Weigh In On MasterBrand

A number of hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in shares of MasterBrand by 150.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company's stock valued at $37,000 after buying an additional 1,549 shares during the last quarter. GAMMA Investing LLC raised its holdings in MasterBrand by 46.3% in the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company's stock valued at $52,000 after acquiring an additional 890 shares in the last quarter. Quest Partners LLC boosted its stake in MasterBrand by 33.3% during the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company's stock valued at $61,000 after acquiring an additional 821 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in MasterBrand by 52.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company's stock worth $66,000 after acquiring an additional 1,216 shares in the last quarter. Finally, KBC Group NV increased its position in shares of MasterBrand by 52.0% in the 4th quarter. KBC Group NV now owns 5,800 shares of the company's stock worth $85,000 after purchasing an additional 1,983 shares during the last quarter. Institutional investors and hedge funds own 87.32% of the company's stock.

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.