MasterBrand, Inc. (NYSE:MBC) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its stake in MasterBrand, Inc. (NYSE:MBC - Free Report) by 30.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 240,350 shares of the company's stock after selling 107,432 shares during the period. Allianz Asset Management GmbH owned approximately 0.19% of MasterBrand worth $3,139,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Gates Capital Management Inc. boosted its position in MasterBrand by 7.5% in the fourth quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company's stock worth $138,643,000 after purchasing an additional 658,807 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of MasterBrand by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,976,769 shares of the company's stock worth $72,709,000 after buying an additional 226,818 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in shares of MasterBrand by 0.4% in the first quarter. Pzena Investment Management LLC now owns 2,859,484 shares of the company's stock worth $37,345,000 after buying an additional 11,599 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of MasterBrand by 15.2% in the fourth quarter. Invesco Ltd. now owns 1,577,259 shares of the company's stock worth $23,044,000 after buying an additional 208,568 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of MasterBrand by 14.1% in the fourth quarter. Northern Trust Corp now owns 1,521,870 shares of the company's stock worth $22,235,000 after buying an additional 187,666 shares during the period. 87.32% of the stock is owned by hedge funds and other institutional investors.

MasterBrand Price Performance

Shares of NYSE MBC traded up $0.01 during midday trading on Friday, hitting $11.04. The stock had a trading volume of 794,247 shares, compared to its average volume of 652,931. The company has a market capitalization of $1.40 billion, a PE ratio of 14.15 and a beta of 1.43. The stock has a 50 day simple moving average of $10.92 and a 200-day simple moving average of $12.71. MasterBrand, Inc. has a 1 year low of $9.63 and a 1 year high of $20.67. The company has a quick ratio of 1.10, a current ratio of 1.90 and a debt-to-equity ratio of 0.81.

MasterBrand (NYSE:MBC - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). MasterBrand had a net margin of 3.74% and a return on equity of 12.60%. The firm had revenue of $660.30 million during the quarter, compared to analysts' expectations of $663.95 million.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Zelman & Associates reissued an "underperform" rating on shares of MasterBrand in a research note on Monday, April 14th. Loop Capital decreased their target price on MasterBrand from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th.

MasterBrand Company Profile

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.