Aviva PLC Invests $133,000 in MasterBrand, Inc. (NYSE:MBC)

Aviva PLC acquired a new stake in MasterBrand, Inc. (NYSE:MBC – Get Rating) in the 4th quarter, Holdings Channel.com reports. The firm acquired 17,609 shares of the company’s stock, valued at approximately $133,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new stake in shares of MasterBrand in the fourth quarter valued at about $30,000. Atwood & Palmer Inc. acquired a new stake in shares of MasterBrand in the fourth quarter valued at about $36,000. IFP Advisors Inc acquired a new stake in shares of MasterBrand in the fourth quarter valued at about $47,000. Asset Management One Co. Ltd. acquired a new stake in shares of MasterBrand in the fourth quarter valued at about $49,000. Finally, DB Fitzpatrick & Co Inc acquired a new stake in shares of MasterBrand in the fourth quarter valued at about $54,000.

Wall Street Analysts Forecast Growth

Separately, Loop Capital upgraded shares of MasterBrand from a “hold” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $13.00 in a research report on Wednesday, May 10th.

MasterBrand Stock Performance

Shares of MBC opened at $10.92 on Tuesday. MasterBrand, Inc. has a 12-month low of $7.08 and a 12-month high of $15.00. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.88. The business’s 50-day simple moving average is $8.33.

MasterBrand (NYSE:MBC – Get Rating) last issued its quarterly earnings results on Tuesday, March 7th. The company reported $0.52 EPS for the quarter. The firm had revenue of $784.40 million for the quarter.

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.