MasterBrand, Inc. (NYSE:MBC) is De Lisle Partners LLP's 6th Largest Position

Key Points

• De Lisle Partners LLP increased its position in MasterBrand, Inc. by 3.7%, holding approximately 1.21 million shares, making it the firm's 6th largest investment.
• Several hedge funds have recently disclosed significant investments in MasterBrand, with more than 87% of the stock owned by institutional investors.
• MasterBrand's recent quarterly earnings reported $0.18 EPS, missing expectations by ($0.05) and showing a revenue of $660.30 million, slightly below the consensus estimate.

De Lisle Partners LLP boosted its position in MasterBrand, Inc. (NYSE:MBC - Free Report) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,208,049 shares of the company's stock after purchasing an additional 43,556 shares during the period. MasterBrand comprises 2.6% of De Lisle Partners LLP's portfolio, making the stock its 6th biggest holding. De Lisle Partners LLP owned about 0.95% of MasterBrand worth $15,783,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its position in shares of MasterBrand by 213.8% during the 1st quarter. Signaturefd LLC now owns 1,949 shares of the company's stock valued at $25,000 after buying an additional 1,328 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of MasterBrand by 36.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the company's stock worth $70,000 after acquiring an additional 1,286 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of MasterBrand during the 4th quarter worth approximately $148,000. Cetera Investment Advisers bought a new stake in MasterBrand in the fourth quarter worth $164,000. Finally, Quantinno Capital Management LP bought a new stake in MasterBrand in the fourth quarter worth $166,000. 87.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MBC. Zelman & Associates reaffirmed an "underperform" rating on shares of MasterBrand in a research report on Monday, April 14th. Loop Capital decreased their price target 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 Trading Up 0.1%

NYSE:MBC traded up $0.01 on Friday, reaching $11.04. The company's stock had a trading volume of 793,547 shares, compared to its average volume of 1,013,933. The company has a quick ratio of 1.10, a current ratio of 1.90 and a debt-to-equity ratio of 0.81. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 14.15 and a beta of 1.43. MasterBrand, Inc. has a 12-month low of $9.63 and a 12-month high of $20.67. The stock has a 50 day moving average price of $10.89 and a 200 day moving average price of $12.75.

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

About MasterBrand

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.