Wall Street Zen Upgrades MasterBrand (NYSE:MBC) to "Buy"

Key Points

• MasterBrand was upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating increased optimism among analysts regarding the stock's performance.
• The company's latest earnings report showed an EPS of $0.40, exceeding analyst expectations of $0.34, with revenues hitting $730.90 million compared to an anticipated $683.30 million.
• Over 87% of MasterBrand's stock is held by institutional investors, highlighting strong interest from large financial entities in the company.

Wall Street Zen upgraded shares of MasterBrand (NYSE:MBC - Free Report) from a hold rating to a buy rating in a report published on Saturday.

Several other brokerages have also issued reports on MBC. Loop Capital reduced their price target on MasterBrand from $16.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Zelman & Associates reissued an "underperform" rating on shares of MasterBrand in a research note on Monday, April 14th.

MasterBrand Trading Up 5.9%

MBC traded up $0.70 during trading on Friday, reaching $12.45. The company had a trading volume of 2,721,294 shares, compared to its average volume of 1,101,321. The firm's 50-day simple moving average is $11.12 and its 200 day simple moving average is $12.43. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 17.28 and a beta of 1.42. MasterBrand has a 12-month low of $9.63 and a 12-month high of $20.67. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.12 and a current ratio of 1.87.

MasterBrand (NYSE:MBC - Get Free Report) last announced 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. The business had revenue of $730.90 million during the quarter, compared to analyst estimates of $683.30 million. MasterBrand had a return on equity of 11.88% and a net margin of 3.37%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MBC. Signaturefd LLC increased its position in MasterBrand by 213.8% in the 1st quarter. Signaturefd LLC now owns 1,949 shares of the company's stock worth $25,000 after buying an additional 1,328 shares during the period. Parkside Financial Bank & Trust boosted its stake in MasterBrand by 61.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 4,357 shares of the company's stock valued at $48,000 after buying an additional 1,655 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in MasterBrand in the 1st quarter valued at $49,000. Public Employees Retirement System of Ohio boosted its stake 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 worth $70,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in MasterBrand by 1,543.7% in the second quarter. Allworth Financial LP now owns 6,361 shares of the company's stock worth $70,000 after purchasing an additional 5,974 shares in the last quarter. 87.32% of the stock is owned by institutional investors.

About MasterBrand

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.