Mawer Investment Management Ltd. Has $11.52 Million Stock Holdings in MasterBrand, Inc. (NYSE:MBC)

Key Points

• Mawer Investment Management Ltd. increased its stake in MasterBrand, Inc. by 11.2%, now owning 881,737 shares worth approximately $11.5 million.
• MasterBrand reported lower than expected earnings with an EPS of $0.18, missing analyst estimates by $0.05, alongside revenues of $660.3 million.
• Institutional investors now control 87.32% of MasterBrand's stock, indicating significant interest from large financial entities.

Mawer Investment Management Ltd. lifted its position in MasterBrand, Inc. (NYSE:MBC - Free Report) by 11.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 881,737 shares of the company's stock after buying an additional 88,588 shares during the period. Mawer Investment Management Ltd. owned approximately 0.69% of MasterBrand worth $11,515,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MBC. Signaturefd LLC grew its holdings in shares of MasterBrand by 213.8% in the 1st quarter. Signaturefd LLC now owns 1,949 shares of the company's stock worth $25,000 after acquiring an additional 1,328 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of MasterBrand by 36.4% in 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 during the last quarter. Caxton Associates LP acquired a new position in shares of MasterBrand in the 4th quarter worth $148,000. Cetera Investment Advisers acquired a new position in shares of MasterBrand in the 4th quarter worth $164,000. Finally, Quantinno Capital Management LP acquired a new position in shares of MasterBrand in the 4th quarter worth $166,000. Institutional investors own 87.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MBC shares. Loop Capital reduced their price objective 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 note on Monday, April 14th.

MasterBrand Stock Performance

Shares of NYSE MBC traded up $0.01 during trading hours on Friday, hitting $11.04. 494,111 shares of the company's stock were exchanged, compared to its average volume of 1,012,958. MasterBrand, Inc. has a 1-year low of $9.63 and a 1-year high of $20.67. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.90 and a quick ratio of 1.10. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 14.15 and a beta of 1.43. The company's 50-day moving average price is $10.89 and its 200-day moving average price is $12.75.

MasterBrand (NYSE:MBC - Get Free Report) last issued 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). MasterBrand had a net margin of 3.74% and a return on equity of 12.60%. The firm had revenue of $660.30 million for the quarter, compared to the consensus estimate 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.