Brandywine Global Investment Management LLC Has $5.97 Million Position in MasterBrand, Inc. $MBC

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 raised its position in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) by 25.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 457,431 shares of the company's stock after purchasing an additional 93,357 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.36% of MasterBrand worth $5,974,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of MasterBrand during the 4th quarter worth approximately $3,364,000. Walleye Capital LLC acquired a new stake in shares of MasterBrand during the 4th quarter worth approximately $196,000. Dimensional Fund Advisors LP grew its position in shares of MasterBrand by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,976,769 shares of the company's stock worth $72,709,000 after buying an additional 226,818 shares during the period. MetLife Investment Management LLC grew its position in shares of MasterBrand by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 77,696 shares of the company's stock worth $1,135,000 after buying an additional 4,229 shares during the period. Finally, Susquehanna International Group LLP grew its position in shares of MasterBrand by 307.1% during the 4th quarter. Susquehanna International Group LLP now owns 130,490 shares of the company's stock worth $1,906,000 after buying an additional 98,439 shares during the period. Institutional investors and hedge funds own 87.32% of the company's stock.

MasterBrand Stock Up 7.6%

NYSE MBC traded up $0.9350 during mid-day trading on Friday, hitting $13.2050. The company's stock had a trading volume of 1,264,121 shares, compared to its average volume of 1,786,413. The company's 50 day simple moving average is $11.52 and its 200 day simple moving average is $12.17. MasterBrand, Inc. has a twelve month low of $9.63 and a twelve month high of $20.67. The company has a current ratio of 1.87, a quick ratio of 1.12 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 18.34 and a beta of 1.42.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen raised shares of MasterBrand from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. 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 research report on Wednesday, May 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, MasterBrand currently has an average rating of "Hold" and an average price target 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.