Boston Partners Raises Stock Holdings in MasterBrand, Inc. $MBC

Key Points

• Boston Partners increased its stake in MasterBrand, Inc. by 49.5%, owning approximately 6.18% of the company with a total value of about $101.9 million as of its latest SEC filing.
• Several institutional investors, including Alliancebernstein and Signaturefd, have also raised their holdings in MasterBrand, leading to institutional ownership exceeding 87.32% of the company's stock.
• MasterBrand reported $0.40 EPS for the last quarter, surpassing analysts' estimates, and its revenue was $730.9 million, significantly higher than the projected $683.3 million.

Boston Partners grew its stake in MasterBrand, Inc. (NYSE:MBC - Free Report) by 49.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,827,706 shares of the company's stock after buying an additional 2,590,583 shares during the quarter. Boston Partners owned 6.18% of MasterBrand worth $101,927,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Gates Capital Management Inc. boosted its stake in shares of MasterBrand by 7.5% in the 4th quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company's stock valued at $138,643,000 after buying 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 buying an additional 226,818 shares during the period. Pzena Investment Management LLC boosted its stake in shares of MasterBrand by 0.4% in the 1st quarter. Pzena Investment Management LLC now owns 2,859,484 shares of the company's stock valued at $37,345,000 after buying an additional 11,599 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of MasterBrand by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,510,270 shares of the company's stock valued at $32,784,000 after buying an additional 106,290 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of MasterBrand by 15.2% in the 4th quarter. Invesco Ltd. now owns 1,577,259 shares of the company's stock valued at $23,044,000 after buying an additional 208,568 shares during the period. Hedge funds and other institutional investors own 87.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded MasterBrand from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. 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 note on Wednesday, May 7th.

MasterBrand Stock Down 0.5%

MBC stock traded down $0.07 during trading on Monday, hitting $12.46. 1,294,151 shares of the company's stock were exchanged, compared to its average volume of 1,124,488. The business has a 50-day moving average price of $11.32 and a two-hundred day moving average price of $12.29. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 17.30 and a beta of 1.42. MasterBrand, Inc. has a 52-week low of $9.63 and a 52-week high of $20.67. The company has a current ratio of 1.87, a quick ratio of 1.12 and a debt-to-equity ratio of 0.73.

MasterBrand (NYSE:MBC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.06. The firm had revenue of $730.90 million during the quarter, compared to analysts' expectations of $683.30 million. MasterBrand had a return on equity of 11.88% and a net margin of 3.37%.

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.