Fintel reports that on July 24, 2023, Loop Capital maintained coverage of MasterBrand (NYSE:MBC) with a Buy recommendation.
Analyst Price Forecast Suggests 8.42% Upside
As of July 5, 2023, the average one-year price target for MasterBrand is 13.26. The forecasts range from a low of 13.13 to a high of $13.65. The average price target represents an increase of 8.42% from its latest reported closing price of 12.23.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for MasterBrand is 3,003MM, a decrease of 5.42%. The projected annual non-GAAP EPS is 1.62.
What is the Fund Sentiment?
There are 682 funds or institutions reporting positions in MasterBrand. This is an increase of 13 owner(s) or 1.94% in the last quarter. Average portfolio weight of all funds dedicated to MBC is 0.06%, an increase of 8.71%. Total shares owned by institutions increased in the last three months by 6.26% to 127,654K shares. 
The put/call ratio of MBC is 0.33, indicating a bullish outlook.
What are Other Shareholders Doing?
Gates Capital Management holds 10,341K shares representing 8.05% ownership of the company. In it's prior filing, the firm reported owning 7,572K shares, representing an increase of 26.78%. The firm increased its portfolio allocation in MBC by 22.97% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 9,352K shares representing 7.28% ownership of the company. In it's prior filing, the firm reported owning 9,580K shares, representing a decrease of 2.43%. The firm increased its portfolio allocation in MBC by 1.01% over the last quarter.
Harris Associates L P holds 6,288K shares representing 4.89% ownership of the company. In it's prior filing, the firm reported owning 6,169K shares, representing an increase of 1.89%. The firm increased its portfolio allocation in MBC by 1.89% over the last quarter.
Wellington Management Group Llp holds 5,308K shares representing 4.13% ownership of the company. In it's prior filing, the firm reported owning 2,796K shares, representing an increase of 47.31%. The firm decreased its portfolio allocation in MBC by 71.81% over the last quarter.
OAKMX - Oakmark Fund Investor Class holds 5,010K shares representing 3.90% ownership of the company. No change in the last quarter.
Additional reading:
- 2022 ESG REPORT MasterBrand | 2022 ESG Report 2 Forward - Looking Statements This 2022 ESG Report contains forward - looking statements as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward - looking statements als
- MasterBrand Releases Inaugural Environmental, Social and Governance (ESG) Report
- Fiscal Year 2022 - Supplemental Financial Information by Quarter Non - GAAP Financial Measures 2 © MasterBrand Cabinets To supplement the financial information presented in accordance with generally accepted accounting principles in the United States
- MasterBrand Reports First Quarter 2023 Financial Results
- Subsidiaries of the Company
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
