MasterBrand (NYSE:MBC) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of MasterBrand (NYSE:MBC) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of MasterBrand in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, MasterBrand presently has an average rating of “Hold” and an average price target of $15.00.

MasterBrand Stock Performance

Shares of NYSE:MBC opened at $10.93 on Friday. MasterBrand has a 1 year low of $9.63 and a 1 year high of $18.43. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.08 and a beta of 1.42. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.12. The company’s 50 day simple moving average is $12.91 and its 200 day simple moving average is $11.88.

MasterBrand (NYSE:MBC) last announced its quarterly earnings results on Tuesday, June 13th. The company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $777.10 million during the quarter. MasterBrand had a net margin of 3.00% and a return on equity of 10.88%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Signaturefd LLC grew its position in MasterBrand by 213.8% during the first quarter. Signaturefd LLC now owns 1,949 shares of the company’s stock worth $25,000 after buying an additional 1,328 shares in the last quarter. Mather Group LLC. bought a new stake in MasterBrand during the third quarter worth about $28,000. Quent Capital LLC bought a new position in shares of MasterBrand during the 3rd quarter valued at $37,000. GAMMA Investing LLC boosted its position in MasterBrand by 52.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,268 shares of the company’s stock valued at $43,000 after acquiring an additional 1,123 shares in the last quarter. Finally, CWM LLC raised its position in shares of MasterBrand by 57.5% in the 3rd quarter. CWM LLC now owns 3,414 shares of the company’s stock worth $45,000 after acquiring an additional 1,247 shares in the last quarter. 87.32% of the stock is 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.