Weiss Ratings Reaffirms "Hold (C)" Rating for MasterBrand (NYSE:MBC)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for MasterBrand (NYSE:MBC), while Wall Street Zen upgraded its rating to "Buy".
• MasterBrand reported a Q2 earnings per share (EPS) of $0.40, surpassing the consensus estimate of $0.34, with revenues of $730.90 million.
• Institutional investors hold 87.32% of MasterBrand's stock, with several firms significantly increasing their stakes, including Signaturefd LLC increasing its holdings by 213.8%.

MasterBrand (NYSE:MBC - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

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

MasterBrand Trading Up 3.4%

NYSE MBC opened at $13.28 on Wednesday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 18.44 and a beta of 1.42. MasterBrand has a 52-week low of $9.63 and a 52-week high of $20.67. The firm has a 50-day moving average price of $12.81 and a 200 day moving average price of $11.84. The company has a quick ratio of 1.12, a current ratio of 1.87 and a debt-to-equity ratio of 0.73.

MasterBrand (NYSE:MBC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.

Institutional Trading of MasterBrand

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in MasterBrand by 213.8% during the 1st quarter. Signaturefd LLC now owns 1,949 shares of the company's stock valued at $25,000 after acquiring an additional 1,328 shares in the last quarter. GAMMA Investing LLC increased its holdings in MasterBrand by 52.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,268 shares of the company's stock valued at $43,000 after acquiring an additional 1,123 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in MasterBrand by 61.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,357 shares of the company's stock valued at $48,000 after acquiring an additional 1,655 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in MasterBrand during the 1st quarter valued at about $49,000. Finally, Allworth Financial LP increased its holdings in MasterBrand by 1,543.7% during the 2nd quarter. Allworth Financial LP now owns 6,361 shares of the company's stock valued at $70,000 after acquiring an additional 5,974 shares in the last quarter. Institutional investors and hedge funds own 87.32% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.