MasterBrand (MBC) to Release Quarterly Earnings on Tuesday

MasterBrand (NYSE:MBC – Get Rating) is scheduled to announce its earnings results after the market closes on Tuesday, March 7th. Investors that are interested in registering for the company’s conference call can do so using this link.

MasterBrand Price Performance

MBC opened at $9.80 on Tuesday. The firm’s 50 day moving average is $8.70. MasterBrand has a twelve month low of $7.17 and a twelve month high of $15.00.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MBC shares. Zelman & Associates started coverage on shares of MasterBrand in a report on Friday, December 16th. They set a “buy” rating for the company. Loop Capital started coverage on shares of MasterBrand in a report on Monday, December 19th. They set a “hold” rating and a $9.00 target price for the company.

Institutional Trading of MasterBrand

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBC. Madison Avenue Partners LP purchased a new stake in MasterBrand during the fourth quarter valued at approximately $34,073,000. Select Equity Group L.P. purchased a new stake in MasterBrand during the fourth quarter valued at approximately $16,268,000. Morgan Stanley purchased a new stake in MasterBrand during the fourth quarter valued at approximately $15,251,000. Norges Bank bought a new position in shares of MasterBrand in the fourth quarter worth approximately $13,640,000. Finally, Geode Capital Management LLC bought a new position in shares of MasterBrand in the fourth quarter worth approximately $12,923,000.

MasterBrand Company Profile

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MasterBrand, Inc manufactures and sells residential cabinets for the kitchen, bathroom, and other parts of the home in North America. The company is based in Jasper, Indiana.