MasterBrand (NYSE:MBC) Trading 3.6% Higher

MasterBrand, Inc. (NYSE:MBC) was up 3.6% during mid-day trading on Wednesday . The company traded as high as $15.39 and last traded at $15.39. Approximately 133,734 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 954,394 shares. The stock had previously closed at $14.86.

MasterBrand Price Performance

The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 10.75 and a beta of 1.51. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.06 and a quick ratio of 1.34. The business’s 50-day simple moving average is $15.74 and its two-hundred day simple moving average is $16.38.

MasterBrand (NYSE:MBC) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. MasterBrand had a net margin of 6.86% and a return on equity of 16.75%. The firm had revenue of $676.50 million during the quarter.

Hedge Funds Weigh In On MasterBrand

Several institutional investors have recently modified their holdings of MBC. Covestor Ltd boosted its holdings in shares of MasterBrand by 71.4% in the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock worth $30,000 after acquiring an additional 665 shares during the period. Arizona State Retirement System boosted its holdings in shares of MasterBrand by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 35,554 shares of the company’s stock worth $522,000 after purchasing an additional 717 shares in the last quarter. GAMMA Investing LLC raised its position in MasterBrand by 51.2% during the 1st quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock valued at $41,000 after purchasing an additional 748 shares during the last quarter. Wedge Capital Management L L P NC grew its position in shares of MasterBrand by 1.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 63,799 shares of the company’s stock worth $937,000 after buying an additional 942 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of MasterBrand by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the company’s stock valued at $938,000 after acquiring an additional 1,100 shares in the last quarter. 87.32% of the stock is owned by institutional investors.

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.