Perbak Capital Partners LLP Takes $360,000 Position in MasterBrand, Inc. $MBC

Key Points

• Perbak Capital Partners LLP has acquired a new stake in MasterBrand, Inc. valued at approximately $360,000 by purchasing 27,598 shares.
• Multiple institutional investors have increased their holdings in MasterBrand, with **Gates Capital Management Inc.** leading with a total of 9.67 million shares worth **$126.28 million**.
• MasterBrand recently reported a quarterly earnings per share (EPS) of $0.40, surpassing analyst expectations of $0.34, with revenue reaching **$730.90 million** against estimates of **$683.30 million**.

Perbak Capital Partners LLP acquired a new stake in MasterBrand, Inc. (NYSE:MBC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 27,598 shares of the company's stock, valued at approximately $360,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Partners increased its holdings in shares of MasterBrand by 49.5% in the first quarter. Boston Partners now owns 7,827,706 shares of the company's stock worth $101,927,000 after acquiring an additional 2,590,583 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of MasterBrand during the first quarter worth about $15,250,000. Gates Capital Management Inc. grew its holdings in shares of MasterBrand by 7.5% during the fourth quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company's stock worth $138,643,000 after buying an additional 658,807 shares in the last quarter. Polar Capital Holdings Plc bought a new position in shares of MasterBrand during the fourth quarter worth about $8,373,000. Finally, Nuveen LLC bought a new position in shares of MasterBrand during the first quarter worth about $4,646,000. Institutional investors own 87.32% of the company's stock.

MasterBrand Stock Performance

NYSE:MBC traded up $0.43 during mid-day trading on Friday, hitting $13.49. 2,005,963 shares of the stock were exchanged, compared to its average volume of 1,565,797. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 18.73 and a beta of 1.43. The firm's 50-day simple moving average is $12.03 and its 200 day simple moving average is $11.91. 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, Inc. has a fifty-two week low of $9.63 and a fifty-two week high of $20.67.

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, topping the consensus estimate of $0.34 by $0.06. The business had revenue of $730.90 million during the quarter, compared to analysts' expectations of $683.30 million. MasterBrand had a return on equity of 11.88% and a net margin of 3.37%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded MasterBrand from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, MasterBrand presently has a consensus rating of "Hold" and a consensus price target of $15.00.

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.