MasterBrand (NYSE:MBC) Given New $23.00 Price Target at Loop Capital

MasterBrand (NYSE:MBC - Free Report) had its price objective upped by Loop Capital from $20.00 to $23.00 in a research note published on Thursday, Benzinga reports. They currently have a buy rating on the stock.

MasterBrand Stock Up 1.7 %

NYSE:MBC traded up $0.32 during mid-day trading on Thursday, hitting $19.06. 643,768 shares of the company's stock were exchanged, compared to its average volume of 932,794. The business has a fifty day moving average price of $16.82 and a 200 day moving average price of $16.54. The company has a market cap of $2.42 billion, a PE ratio of 13.42 and a beta of 1.49. MasterBrand has a one year low of $10.53 and a one year high of $19.13. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.24 and a quick ratio of 1.43.

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 for the quarter. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%.

Insider Transactions at MasterBrand

In related news, Director Ann F. Hackett sold 17,589 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total transaction of $280,544.55. Following the transaction, the director now owns 45,520 shares in the company, valued at $726,044. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Ann F. Hackett sold 17,589 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total transaction of $280,544.55. Following the transaction, the director now owns 45,520 shares in the company, valued at $726,044. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark A. Young sold 4,715 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $16.33, for a total transaction of $76,995.95. Following the transaction, the chief accounting officer now owns 45,148 shares in the company, valued at approximately $737,266.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,806 shares of company stock worth $365,567. Corporate insiders own 1.38% of the company's stock.

Institutional Trading of MasterBrand

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of MasterBrand by 3.4% in the first quarter. Vanguard Group Inc. now owns 10,646,110 shares of the company's stock worth $199,508,000 after purchasing an additional 346,346 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of MasterBrand by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company's stock worth $66,738,000 after purchasing an additional 497,327 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of MasterBrand by 11.3% in the second quarter. Thrivent Financial for Lutherans now owns 4,407,605 shares of the company's stock worth $64,703,000 after purchasing an additional 448,840 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of MasterBrand by 23.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,797,378 shares of the company's stock worth $26,691,000 after purchasing an additional 338,497 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of MasterBrand by 7.0% in the second quarter. Renaissance Technologies LLC now owns 1,442,018 shares of the company's stock worth $21,169,000 after purchasing an additional 94,800 shares in the last quarter. 87.32% of the stock is owned by hedge funds and other 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.