MasterBrand, Inc. $MBC Shares Purchased by Nixon Capital LLC

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 increased its holdings in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 766,501 shares of the company's stock after acquiring an additional 58,621 shares during the quarter. MasterBrand makes up approximately 3.5% of Nixon Capital LLC's holdings, making the stock its 17th biggest holding. Nixon Capital LLC owned 0.60% of MasterBrand worth $10,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Signaturefd LLC raised its position in shares of MasterBrand by 213.8% during the 1st quarter. Signaturefd LLC now owns 1,949 shares of the company's stock worth $25,000 after purchasing an additional 1,328 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in MasterBrand during the 1st quarter worth $49,000. Public Employees Retirement System of Ohio grew its stake in MasterBrand by 36.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the company's stock worth $70,000 after buying an additional 1,286 shares during the last quarter. Caxton Associates LP bought a new stake in MasterBrand in the fourth quarter valued at $148,000. Finally, Eisler Capital Management Ltd. acquired a new position in shares of MasterBrand during the first quarter valued at $135,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of MasterBrand from a "hold" rating to a "buy" rating in a research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $15.00.

MasterBrand Stock Performance

MBC stock traded up $0.19 on Wednesday, reaching $12.99. The company's stock had a trading volume of 345,410 shares, compared to its average volume of 1,147,684. MasterBrand, Inc. has a 52 week low of $9.63 and a 52 week high of $20.67. The company has a market capitalization of $1.65 billion, a P/E ratio of 18.07 and a beta of 1.43. The firm has a fifty day moving average of $12.10 and a two-hundred day moving average of $11.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.87 and a quick ratio of 1.12.

MasterBrand (NYSE:MBC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. The firm had revenue of $730.90 million for 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.