State of Wyoming Grows Stock Holdings in MasterBrand, Inc. $MBC

Key Points

• The State of Wyoming increased its stake in MasterBrand, Inc. by 146.9% in Q1, owning 53,466 shares valued at approximately $698,000.
• MasterBrand reported earnings of $0.40 per share, exceeding estimates, and generated revenue of $730.90 million for the quarter.
• Wall Street analysts have mixed opinions on MasterBrand, with a recent upgrade to "buy" from one analyst, while another lowered the target price from $16.00 to $15.00.

State of Wyoming increased its stake in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) by 146.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,466 shares of the company's stock after buying an additional 31,808 shares during the period. State of Wyoming's holdings in MasterBrand were worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in MasterBrand by 213.8% during the first quarter. Signaturefd LLC now owns 1,949 shares of the company's stock worth $25,000 after buying an additional 1,328 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in MasterBrand during the first quarter worth about $49,000. Public Employees Retirement System of Ohio boosted its holdings in 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 buying an additional 1,286 shares in the last quarter. Eisler Capital Management Ltd. purchased a new stake in MasterBrand during the first quarter worth about $135,000. Finally, Caxton Associates LP acquired a new position in MasterBrand during the fourth quarter worth about $148,000. Hedge funds and other institutional investors own 87.32% of the company's stock.

MasterBrand Stock Performance

NYSE:MBC opened at $12.72 on Friday. The firm has a 50 day simple moving average of $11.82 and a 200-day simple moving average of $12.07. 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 firm has a market cap of $1.61 billion, a PE ratio of 17.66 and a beta of 1.42. MasterBrand, Inc. has a 1-year low of $9.63 and a 1-year high of $20.67.

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

Wall Street Analysts Forecast Growth

MBC has been the subject of a number of research reports. Wall Street Zen upgraded shares of MasterBrand from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Loop Capital cut 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. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, MasterBrand currently has an average rating of "Hold" and an average price target of $15.00.

MasterBrand 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.

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