Charles Schwab Investment Management Inc. Has $32.78 Million Stock Holdings in MasterBrand, Inc. $MBC

Key Points

• Charles Schwab Investment Management Inc. increased its stake in MasterBrand, Inc. by 4.4%, owning 2,510,270 shares valued at approximately $32.78 million.
• MasterBrand's earnings report showed $0.40 earnings per share, exceeding analysts' expectations of $0.34, with revenues reaching $730.90 million.
• Brokerages have reacted to MasterBrand's performance, with Loop Capital lowering its price target, while Wall Street Zen upgraded the stock from a "hold" to a "buy" rating.

Charles Schwab Investment Management Inc. boosted its holdings in MasterBrand, Inc. (NYSE:MBC - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,510,270 shares of the company's stock after purchasing an additional 106,290 shares during the period. Charles Schwab Investment Management Inc. owned about 1.98% of MasterBrand worth $32,784,000 as of its most recent filing with the Securities and Exchange Commission.

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

MasterBrand Stock Performance

MBC stock traded up $0.9350 during trading hours on Friday, reaching $13.2050. The stock had a trading volume of 1,264,121 shares, compared to its average volume of 1,786,413. The stock has a 50-day simple moving average of $11.52 and a 200 day simple moving average of $12.17. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.87 and a quick ratio of 1.12. The stock has a market capitalization of $1.67 billion, a PE ratio of 18.34 and a beta of 1.42. MasterBrand, Inc. has a fifty-two week low of $9.63 and a fifty-two week high of $20.67.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MBC shares. Loop Capital decreased their target price 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. Wall Street Zen upgraded shares of MasterBrand from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.