Teachers Retirement System of The State of Kentucky Has $533,000 Stake in MasterBrand, Inc. (NYSE:MBC)

Teachers Retirement System of The State of Kentucky lowered its position in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) by 57.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,799 shares of the company's stock after selling 55,113 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in MasterBrand were worth $533,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MBC. Proficio Capital Partners LLC acquired a new position in MasterBrand during the fourth quarter valued at approximately $150,000. Raymond James Financial Inc. acquired a new position in MasterBrand during the fourth quarter valued at approximately $3,364,000. HighTower Advisors LLC grew its holdings in MasterBrand by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 31,419 shares of the company's stock valued at $459,000 after purchasing an additional 1,841 shares during the period. Quantbot Technologies LP acquired a new position in MasterBrand during the fourth quarter valued at approximately $515,000. Finally, American Century Companies Inc. grew its holdings in MasterBrand by 7.5% during the fourth quarter. American Century Companies Inc. now owns 315,622 shares of the company's stock valued at $4,611,000 after purchasing an additional 22,034 shares during the period. Institutional investors and hedge funds own 87.32% of the company's stock.

MasterBrand Stock Up 2.2%

Shares of MBC stock opened at $11.90 on Friday. The firm has a fifty day moving average of $10.82 and a 200-day moving average of $12.85. The company has a quick ratio of 1.10, a current ratio of 1.90 and a debt-to-equity ratio of 0.81. MasterBrand, Inc. has a 12-month low of $9.63 and a 12-month high of $20.67. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.25 and a beta of 1.43.

MasterBrand (NYSE:MBC - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $660.30 million for the quarter, compared to the consensus estimate of $663.95 million. MasterBrand had a return on equity of 12.60% and a net margin of 3.74%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MBC. Loop Capital decreased their price objective on shares of MasterBrand from $16.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Zelman & Associates restated an "underperform" rating on shares of MasterBrand in a report on Monday, April 14th.

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.

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