Peregrine Capital Management LLC Buys Shares of 409,260 MasterBrand, Inc. $MBC

Peregrine Capital Management LLC bought a new stake in MasterBrand, Inc. (NYSE:MBC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 409,260 shares of the company’s stock, valued at approximately $5,390,000.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in MasterBrand by 64.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 19,480 shares of the company’s stock valued at $226,000 after acquiring an additional 7,660 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of MasterBrand by 20.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 288,593 shares of the company’s stock valued at $3,154,000 after acquiring an additional 48,243 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of MasterBrand by 45.3% in the 2nd quarter. Pzena Investment Management LLC now owns 4,154,751 shares of the company’s stock valued at $45,411,000 after purchasing an additional 1,295,267 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of MasterBrand in the 1st quarter worth $417,000. Finally, Versor Investments LP acquired a new stake in shares of MasterBrand during the second quarter worth $916,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of MasterBrand in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of MasterBrand from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.00.

MasterBrand Trading Up 5.4%

NYSE MBC opened at $12.27 on Friday. MasterBrand, Inc. has a one year low of $9.33 and a one year high of $18.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.13. The firm has a market cap of $1.55 billion, a P/E ratio of 19.16 and a beta of 1.46. The stock’s 50-day moving average is $11.08 and its 200-day moving average is $11.96.

MasterBrand (NYSE:MBC) last issued its quarterly earnings data on Tuesday, June 13th. The company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $777.10 million during the quarter. MasterBrand had a return on equity of 10.88% and a net margin of 3.00%.MasterBrand has set its FY 2025 guidance at 1.010-1.130 EPS.

MasterBrand Company Profile

MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.

MasterBrand’s product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.