Nixon Capital LLC Has $10.01 Million Stock Holdings in MasterBrand, Inc. $MBC

Key Points

• Nixon Capital LLC has increased its stake in MasterBrand, Inc. by 8.3%, buying an additional 58,621 shares, bringing its total ownership to 766,501 shares.
• MasterBrand's stock was recently upgraded from a "hold" to a "buy" rating by Wall Street Zen, with the average target price set at $15.00.
• The company reported better-than-expected earnings of $0.40 per share for the last quarter, exceeding analysts' estimates of $0.34.

Nixon Capital LLC raised its stake in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) by 8.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 766,501 shares of the company's stock after buying an additional 58,621 shares during the quarter. MasterBrand comprises 3.5% of Nixon Capital LLC's portfolio, making the stock its 17th biggest position. Nixon Capital LLC owned 0.60% of MasterBrand worth $10,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Signaturefd LLC grew its stake 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 acquiring an additional 1,328 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of MasterBrand in the 1st quarter valued at approximately $49,000. Public Employees Retirement System of Ohio grew its position in shares of MasterBrand by 36.4% in the 4th 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 during the period. Eisler Capital Management Ltd. bought a new stake in MasterBrand during the 1st quarter worth approximately $135,000. Finally, Caxton Associates LP acquired a new stake in MasterBrand during the 4th quarter worth approximately $148,000. Institutional investors own 87.32% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of MasterBrand from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MasterBrand currently has an average rating of "Hold" and an average price target of $15.00.

MasterBrand Stock Down 4.7%

Shares of NYSE:MBC traded down $0.63 during trading on Tuesday, hitting $12.78. 1,820,125 shares of the company were exchanged, compared to its average volume of 1,152,533. MasterBrand, Inc. has a fifty-two week low of $9.63 and a fifty-two week high of $20.67. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 17.75 and a beta of 1.43. 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 fifty day moving average price of $12.08 and a two-hundred day moving average price of $11.89.

MasterBrand (NYSE:MBC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.06. The firm 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%.

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.