31,929 Shares in MasterBrand, Inc. $MBC Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $417,000 in MasterBrand, Inc., acquiring 31,929 shares in the first quarter.
• Institutional investors own 87.32% of MasterBrand's stock, with various firms increasing their stakes significantly in recent quarters.
• MasterBrand's stock performance shows a current price of $13.50 and recent earnings beating analyst expectations with a reported EPS of $0.40.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,929 shares of the company's stock, valued at approximately $417,000.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of MasterBrand by 3.2% during the first quarter. Principal Financial Group Inc. now owns 707,817 shares of the company's stock valued at $9,244,000 after purchasing an additional 22,065 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of MasterBrand by 53.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 33,995 shares of the company's stock valued at $442,000 after purchasing an additional 11,774 shares during the last quarter. Bank of America Corp DE grew its stake in shares of MasterBrand by 23.1% during the fourth quarter. Bank of America Corp DE now owns 629,281 shares of the company's stock valued at $9,194,000 after purchasing an additional 117,940 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in MasterBrand by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,510,270 shares of the company's stock valued at $32,784,000 after acquiring an additional 106,290 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in MasterBrand by 220.9% in the fourth quarter. Millennium Management LLC now owns 462,409 shares of the company's stock valued at $6,756,000 after acquiring an additional 318,298 shares during the last quarter. 87.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of MasterBrand from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $15.00.

MasterBrand Stock Performance

NYSE MBC traded up $0.13 during trading on Wednesday, reaching $13.79. The company's stock had a trading volume of 179,931 shares, compared to its average volume of 1,157,610. The company has a current ratio of 1.87, a quick ratio of 1.12 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 19.14 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 firm has a 50 day moving average price of $12.29 and a 200 day moving average price of $11.86.

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

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.