Fuller & Thaler Asset Management Inc. Sells 706,233 Shares of MasterBrand, Inc. $MBC

Key Points

• Fuller & Thaler Asset Management Inc. reduced its holdings in MasterBrand, Inc. by 20.2%, owning approximately 2.21% of the company worth $36.5 million after selling 706,233 shares in the first quarter.
• MasterBrand reported $0.40 earnings per share for the quarter, exceeding analysts' estimates, with revenue of $730.9 million against a consensus estimate of $683.3 million.
• The company's stock is currently rated as a “Hold” with a consensus price target of $15.00, following a recent upgrade from a "hold" to a "buy" rating by Wall Street Zen.

Fuller & Thaler Asset Management Inc. decreased its stake in MasterBrand, Inc. (NYSE:MBC - Free Report) by 20.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,795,644 shares of the company's stock after selling 706,233 shares during the period. Fuller & Thaler Asset Management Inc. owned 2.21% of MasterBrand worth $36,511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MBC. Public Employees Retirement System of Ohio boosted its position in MasterBrand by 36.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the company's stock valued at $70,000 after purchasing an additional 1,286 shares during the last quarter. Signaturefd LLC increased 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 worth $25,000 after purchasing an additional 1,328 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of MasterBrand by 15.0% during the 4th quarter. EP Wealth Advisors LLC now owns 15,604 shares of the company's stock worth $228,000 after purchasing an additional 2,035 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of MasterBrand by 22.5% in the 1st quarter. Cerity Partners LLC now owns 14,171 shares of the company's stock valued at $185,000 after buying an additional 2,606 shares during the last quarter. Finally, BOKF NA boosted its holdings in shares of MasterBrand by 6.2% in the 4th quarter. BOKF NA now owns 46,461 shares of the company's stock valued at $702,000 after buying an additional 2,706 shares during the last quarter. Institutional investors and hedge funds own 87.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MBC shares. Loop Capital lowered their target price on shares of MasterBrand from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of MasterBrand from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $15.00.

MasterBrand Stock Performance

Shares of MBC stock traded up $0.9350 during midday trading on Friday, hitting $13.2050. 1,264,121 shares of the company were exchanged, compared to its average volume of 1,786,413. MasterBrand, Inc. has a 52 week low of $9.63 and a 52 week high of $20.67. The firm has a market capitalization of $1.67 billion, a P/E ratio of 18.34 and a beta of 1.42. The firm's 50 day moving average price is $11.52 and its two-hundred day moving average price is $12.17. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.12 and a current ratio of 1.87.

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

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.