MasterBrand, Inc. (NYSE:MBC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in MasterBrand, Inc. (NYSE:MBC - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 913,608 shares of the company's stock after selling 38,663 shares during the period. Bank of New York Mellon Corp owned approximately 0.72% of MasterBrand worth $11,932,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Gates Capital Management Inc. grew its holdings in MasterBrand by 7.5% during the fourth quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company's stock valued at $138,643,000 after purchasing an additional 658,807 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of MasterBrand by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,976,769 shares of the company's stock valued at $72,709,000 after purchasing an additional 226,818 shares in the last quarter. Invesco Ltd. boosted its position in MasterBrand by 15.2% during the 4th 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 period. Northern Trust Corp raised its holdings in MasterBrand by 14.1% during the 4th quarter. Northern Trust Corp now owns 1,521,870 shares of the company's stock worth $22,235,000 after purchasing an additional 187,666 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in MasterBrand by 0.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,520,973 shares of the company's stock worth $22,221,000 after purchasing an additional 5,000 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MBC has been the subject of several research reports. Loop Capital reduced their price target on shares of MasterBrand from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Zelman & Associates reaffirmed an "underperform" rating on shares of MasterBrand in a research note on Monday, April 14th.

MasterBrand Price Performance

NYSE MBC traded down $0.03 during trading hours on Thursday, reaching $11.78. The company's stock had a trading volume of 67,046 shares, compared to its average volume of 1,027,870. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 15.16 and a beta of 1.43. MasterBrand, Inc. has a 1 year low of $9.63 and a 1 year high of $20.67. The firm's 50-day moving average price is $10.78 and its 200-day moving average price is $12.91. 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 issued 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). The firm had revenue of $660.30 million during the quarter, compared to analysts' expectations of $663.95 million. MasterBrand had a return on equity of 12.60% and a net margin of 3.74%.

MasterBrand 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.