UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in MasterBrand, Inc. (NYSE:MBC)

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 purchasing an additional 31,449 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.15% of MasterBrand worth $21,293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MBC. Barclays PLC lifted its holdings 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 purchasing an additional 169,550 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings 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 purchasing an additional 1,561 shares during the last quarter. KBC Group NV increased its position in shares of MasterBrand by 52.0% in the 4th quarter. KBC Group NV now owns 5,800 shares of the company's stock valued at $85,000 after acquiring an additional 1,983 shares during the period. Empowered Funds LLC increased its position in shares of MasterBrand by 5.1% in the 4th quarter. Empowered Funds LLC now owns 650,450 shares of the company's stock valued at $9,503,000 after acquiring an additional 31,714 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of MasterBrand by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 685,752 shares of the company's stock valued at $10,019,000 after acquiring an additional 25,222 shares during the period. Hedge funds and other institutional investors own 87.32% of the company's stock.

MasterBrand Stock Performance

MBC traded down $0.06 during midday trading on Friday, hitting $10.21. 954,189 shares of the company were exchanged, compared to its average volume of 980,888. The company's 50 day simple moving average is $11.58 and its 200 day simple moving average is $14.28. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 10.53 and a beta of 1.74. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. MasterBrand, Inc. has a 1-year low of $9.63 and a 1-year high of $20.67.

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

MasterBrand announced that its board has approved a share buyback plan on Monday, March 17th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MBC shares. Zelman & Associates reissued an "underperform" rating on shares of MasterBrand in a research report on Monday, April 14th. Loop Capital cut their target price on MasterBrand from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th.

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.