After grabbing 17.13 million shares, the institutional investor is now in possession of 17.13 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 13.38% having worth around $166.8 million. Moreover, Goldman Sachs & Co. LLC increased its share by 15.19 million to have a control over 15.78 million shares. And The Vanguard Group, Inc. raised its holdings to 8.53 million shares by acquiring 8.53 million shares or 6.66% of the stake.
MasterBrand Inc. (MBC) concluded trading on 03/15/23 at a closing price of $8.29, with 2.0 million shares of worth about $16.57 million changed hands on the day. On Wednesday the price saw a loss of about -3.72%. Currently the company’s common shares owned by public are about 128.24M shares, out of which, 127.39M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the MBC stock and their offered price forecasts bring an average price target of $9.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $9.00 and could fall to a lowest price of $9.00. The stock’s current price level is 7.89% above of average price target set by the analysts, while a rise to estimated low would result in gain of 7.89% for the stock. However, touching the estimated high of $9.00 would mean a gain of 7.89% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 25 times over the past 12 months. They bought 318,328 shares in 12 of the transactions. In 13 selling transactions, insiders dumped 140,462 shares.
iShares Core S&P Small Cap ETF, Oakmark Fund, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in MasterBrand Inc. iShares Core S&P Small Cap ETF is currently holding 9.81 million shares of worth totaling $95.56 million. The company recently came buying 23816.0 shares which brought its stake up to 7.66% of the company’s outstanding shares. Vanguard Total Stock Market Index, after buying 3.91 million shares, have now control over 3.06% of the stake in the company. It holds 0.0 shares of worth $38.11 million.
MasterBrand Inc. (NYSE: MBC) started trading at $8.49, below -$0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 8.53, or with a loss of -3.72%. Stock saw a price change of -11.15% in past 5 days and over the past one month there was a price change of -18.41%. Over the period of past 52 weeks, stock dropped to lowest price of $7.17 but also hit the highest price of $15.00 during that period. The average intraday trading volume for MasterBrand Inc. shares is 3.03 million. The stock is currently trading -13.42% below its 20-day simple moving average (SMA20), while that difference is down -8.33% for SMA50 and it goes to -6.51% lower than SMA200.
BlackRock Fund Advisors acquired 17.13 million shares of MasterBrand Inc. having value of about $166.8 million. MasterBrand Inc. (NYSE: MBC) currently have 128.24M outstanding shares and institutions hold larger chunk of about 86.36% of that. Holding of mutual funds in the company is about 32.79% while other institutional holders and individual stake holders have control over 64.76% and 13.03% of the stake respectively.
The stock has a current market capitalization of $1.08B. PE ratio of stock for trailing 12 months is 6.83, while it has posted earnings per share of $1.21 in the same period. It has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MBC, volatility over the week remained 4.77% while standing at 3.96% over the month.
Analysts are in expectations that MasterBrand Inc. (MBC) stock would likely to be making an EPS of $0.51 in the current quarter, while forecast for next quarter EPS is $0.26 and it is $1.6 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.51 which is $0.51 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 25.30% while it is estimated to decrease by -15.44% in next year.
Analysts at 1 brokerage firms have issued recommendations for the MasterBrand Inc. (MBC)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
