MasterBrand, Inc. $MBC Stock Holdings Increased by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its stake in MasterBrand, Inc. by 25.6%, owning a total of 457,431 shares worth approximately $5.97 million.
• Analysts have raised MasterBrand's stock rating from a "hold" to a "buy," while some have adjusted price targets lower.
• MasterBrand reported a better-than-expected earnings per share of $0.40 for the last quarter, exceeding forecasts by $0.06 and generating revenues of $730.90 million.

Brandywine Global Investment Management LLC lifted its position in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) by 25.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 457,431 shares of the company's stock after acquiring an additional 93,357 shares during the period. Brandywine Global Investment Management LLC owned 0.36% of MasterBrand worth $5,974,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC grew its position in shares of MasterBrand by 213.8% during the first quarter. Signaturefd LLC now owns 1,949 shares of the company's stock worth $25,000 after acquiring an additional 1,328 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of MasterBrand by 36.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the company's stock worth $70,000 after acquiring an additional 1,286 shares during the last quarter. Caxton Associates LP bought a new position in shares of MasterBrand during the fourth quarter worth about $148,000. Cetera Investment Advisers bought a new position in shares of MasterBrand during the fourth quarter worth about $164,000. Finally, Quantinno Capital Management LP bought a new position in shares of MasterBrand during the fourth quarter worth about $166,000. Institutional investors own 87.32% of the company's stock.

MasterBrand Trading Up 7.6%

MBC stock traded up $0.9350 during mid-day trading on Friday, reaching $13.2050. 1,264,121 shares of the stock traded hands, compared to its average volume of 1,786,413. The company has a current ratio of 1.87, a quick ratio of 1.12 and a debt-to-equity ratio of 0.73. MasterBrand, Inc. has a 52-week low of $9.63 and a 52-week high of $20.67. The company has a market cap of $1.67 billion, a P/E ratio of 18.34 and a beta of 1.42. The stock's fifty day moving average is $11.52 and its 200-day moving average is $12.20.

MasterBrand (NYSE:MBC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.06. MasterBrand had a net margin of 3.37% and a return on equity of 11.88%. The company had revenue of $730.90 million during the quarter, compared to analyst estimates of $683.30 million.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MBC. Loop Capital reduced their price objective on shares of MasterBrand from $16.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Wall Street Zen raised shares of MasterBrand from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, MasterBrand presently has a consensus rating of "Hold" and a consensus target price of $15.00.

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.