Allianz Asset Management GmbH Has $3.14 Million Holdings in MasterBrand, Inc. (NYSE:MBC)

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

A number of other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in shares of MasterBrand by 213.8% in the first quarter. Signaturefd LLC now owns 1,949 shares of the company's stock worth $25,000 after buying an additional 1,328 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of MasterBrand by 36.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the company's stock worth $70,000 after buying an additional 1,286 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of MasterBrand in the fourth quarter worth $148,000. Cetera Investment Advisers acquired a new stake in shares of MasterBrand in the fourth quarter worth $164,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of MasterBrand in the fourth quarter worth $166,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

MasterBrand Stock Performance

NYSE:MBC traded up $0.01 during trading hours on Friday, hitting $11.04. 794,247 shares of the company traded hands, compared to its average volume of 1,015,185. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 14.15 and a beta of 1.43. MasterBrand, Inc. has a twelve month low of $9.63 and a twelve month high of $20.67. The firm has a 50-day moving average of $10.89 and a 200 day moving average of $12.75. The company has a current ratio of 1.90, a quick ratio of 1.10 and a debt-to-equity ratio of 0.81.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on MBC shares. Zelman & Associates restated an "underperform" rating on shares of MasterBrand in a research note on Monday, April 14th. Loop Capital cut their target price on shares of MasterBrand from $16.00 to $15.00 and set a "buy" rating for the company in a research note 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.