MasterBrand (NYSE:MBC) Given New $19.00 Price Target at Loop Capital

MasterBrand (NYSE:MBC) had its target price cut by Loop Capital from $21.00 to $19.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price target would suggest a potential upside of 21.33% from the stock’s current price.

MasterBrand Stock Performance

NYSE MBC traded down $0.57 during trading on Wednesday, hitting $15.66. The company’s stock had a trading volume of 1,514,627 shares, compared to its average volume of 882,190. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average price of $16.07 and a 200 day moving average price of $16.69. The firm has a market cap of $1.99 billion, a P/E ratio of 13.75 and a beta of 1.58. MasterBrand has a 52 week low of $13.90 and a 52 week high of $20.67.

MasterBrand (NYSE:MBC) last issued its quarterly 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). The business had revenue of $667.70 million during the quarter, compared to the consensus estimate of $722.85 million. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%.

Institutional Trading of MasterBrand

A number of institutional investors and hedge funds have recently modified their holdings of MBC. Smartleaf Asset Management LLC boosted its stake in MasterBrand by 150.7% in 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 in the last quarter. Quest Partners LLC boosted its stake in MasterBrand by 33.3% in the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock valued at $61,000 after buying an additional 821 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in MasterBrand by 52.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock valued at $66,000 after buying an additional 1,216 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in MasterBrand by 39.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock valued at $89,000 after buying an additional 1,364 shares in the last quarter. Finally, KBC Group NV boosted its stake in MasterBrand by 52.0% in the 4th quarter. KBC Group NV now owns 5,800 shares of the company’s stock valued at $85,000 after buying an additional 1,983 shares in the last quarter. 87.32% of the stock is currently owned by institutional investors.

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.