MasterBrand, Inc. (NYSE:MBC) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,457,415 shares of the company's stock after buying an additional 31,449 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.15% of MasterBrand worth $21,293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MBC. Barclays PLC boosted its stake in shares of MasterBrand by 262.4% during the 3rd quarter. Barclays PLC now owns 234,160 shares of the company's stock valued at $4,341,000 after buying an additional 169,550 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of MasterBrand by 4.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 36,361 shares of the company's stock valued at $531,000 after buying an additional 1,561 shares during the last quarter. KBC Group NV boosted its stake in shares of MasterBrand by 52.0% during the 4th quarter. KBC Group NV now owns 5,800 shares of the company's stock valued at $85,000 after buying an additional 1,983 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of MasterBrand by 5.1% during the 4th quarter. Empowered Funds LLC now owns 650,450 shares of the company's stock valued at $9,503,000 after buying an additional 31,714 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of MasterBrand by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 685,752 shares of the company's stock valued at $10,019,000 after buying an additional 25,222 shares during the last quarter. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

MasterBrand Stock Performance

Shares of MBC stock traded down $0.06 on Friday, hitting $10.21. 954,189 shares of the stock traded hands, compared to its average volume of 982,720. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.65 and a quick ratio of 1.02. The company has a market capitalization of $1.29 billion, a PE ratio of 10.53 and a beta of 1.74. MasterBrand, Inc. has a 1-year low of $9.63 and a 1-year high of $20.67. The company's fifty day moving average is $11.52 and its 200 day moving average is $14.20.

MasterBrand (NYSE:MBC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). The firm had revenue of $660.30 million for the quarter, compared to analyst estimates of $663.95 million. MasterBrand had a net margin of 4.66% and a return on equity of 13.89%.

MasterBrand announced that its Board of Directors has authorized a stock buyback program on Monday, March 17th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently commented on MBC shares. Loop Capital reduced 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. Zelman & Associates reissued an "underperform" rating on shares of MasterBrand in a research report on Monday, April 14th.

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.