MasterBrand (NYSE:MBC) Sets New 52-Week High Following Analyst Upgrade

Shares of MasterBrand, Inc. (NYSE:MBC) hit a new 52-week high during trading on Thursday after Loop Capital raised their price target on the stock from $20.00 to $23.00. Loop Capital currently has a buy rating on the stock. MasterBrand traded as high as $19.13 and last traded at $19.04, with a volume of 361718 shares. The stock had previously closed at $18.74.

Insider Activity at MasterBrand

In other MasterBrand news, CAO Mark A. Young sold 4,715 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the completion of the transaction, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Mark A. Young sold 4,715 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $16.33, for a total value of $76,995.95. Following the completion of the sale, the chief accounting officer now directly owns 45,148 shares in the company, valued at $737,266.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ann F. Hackett sold 17,589 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 45,520 shares in the company, valued at approximately $726,044. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,806 shares of company stock valued at $365,567 over the last three months. 1.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MBC. SageView Advisory Group LLC purchased a new position in shares of MasterBrand in the first quarter valued at about $25,000. Covestor Ltd increased its stake in shares of MasterBrand by 71.4% in the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock worth $30,000 after purchasing an additional 665 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of MasterBrand by 51.2% in the first quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock worth $41,000 after acquiring an additional 748 shares during the period. Mather Group LLC. bought a new position in MasterBrand in the 1st quarter worth approximately $43,000. Finally, Quest Partners LLC bought a new position in shares of MasterBrand during the second quarter worth $36,000. 87.32% of the stock is owned by institutional investors.

MasterBrand Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.55, a current ratio of 2.24 and a quick ratio of 1.43. The stock has a market cap of $2.42 billion, a PE ratio of 13.20 and a beta of 1.49. The stock has a 50-day moving average price of $16.75 and a two-hundred day moving average price of $16.52.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. MasterBrand had a return on equity of 16.58% and a net margin of 6.69%. The company had revenue of $676.50 million during the quarter.

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.