44,200 Shares in MasterBrand, Inc. $MBC Bought by Strs Ohio

Key Points

• Strs Ohio has invested approximately $577,000 in MasterBrand, Inc. by purchasing 44,200 shares, marking a significant addition to its portfolio.
• Several other institutional investors, including Coliseum Capital Management and Boston Partners, have also increased their stakes in MasterBrand during the first quarter.
• MasterBrand's stock was recently rated "buy" by one analyst, with an average target price of $15.00, despite the stock currently trading down 2.4% at $13.11.

Strs Ohio bought a new stake in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 44,200 shares of the company's stock, valued at approximately $577,000.

Several other institutional investors have also made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in shares of MasterBrand by 36.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the company's stock valued at $70,000 after acquiring an additional 1,286 shares in the last quarter. Signaturefd LLC boosted 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 valued at $25,000 after acquiring an additional 1,328 shares in the last quarter. Contrarian Capital Management L.L.C. boosted its position in shares of MasterBrand by 7.7% during the 1st quarter. Contrarian Capital Management L.L.C. now owns 28,000 shares of the company's stock valued at $366,000 after acquiring an additional 2,000 shares in the last quarter. Cerity Partners LLC boosted its position in shares of MasterBrand by 22.5% during the 1st quarter. Cerity Partners LLC now owns 14,171 shares of the company's stock valued at $185,000 after acquiring an additional 2,606 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of MasterBrand by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,070 shares of the company's stock valued at $1,053,000 after acquiring an additional 2,709 shares in the last quarter. 87.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

MasterBrand Trading Up 0.9%

NYSE:MBC traded up $0.12 during trading hours on Tuesday, hitting $13.03. The stock had a trading volume of 311,012 shares, compared to its average volume of 1,185,579. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 18.10 and a beta of 1.43. MasterBrand, Inc. has a one year low of $9.63 and a one year high of $20.67. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.12 and a current ratio of 1.87. The business's 50 day moving average is $12.40 and its 200-day moving average is $11.85.

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. The company had revenue of $730.90 million during the quarter, compared to analysts' expectations of $683.30 million. MasterBrand had a net margin of 3.37% and a return on equity of 11.88%.

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.