Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in MasterBrand, Inc. (NYSE:MBC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $2.08 million in MasterBrand, acquiring 159,136 shares, which represents about 0.13% ownership of the company.
• A significant portion of MasterBrand's stock, approximately 87.32%, is owned by institutional investors, highlighting strong institutional support for the company.
• MasterBrand's shares fell by 2.4%, closing at $11.26, and the company reported earnings of $0.18 per share, missing the consensus estimate of $0.23.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 159,136 shares of the company's stock, valued at approximately $2,078,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.13% of MasterBrand as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. lifted its position in MasterBrand by 7.5% in the fourth quarter. American Century Companies Inc. now owns 315,622 shares of the company's stock worth $4,611,000 after purchasing an additional 22,034 shares during the period. KLP Kapitalforvaltning AS bought a new position in MasterBrand in the fourth quarter worth $409,000. JPMorgan Chase & Co. lifted its position in MasterBrand by 135.1% in the fourth quarter. JPMorgan Chase & Co. now owns 693,220 shares of the company's stock worth $10,128,000 after purchasing an additional 398,303 shares during the period. Norges Bank bought a new position in MasterBrand in the fourth quarter worth $3,433,000. Finally, Pictet Asset Management Holding SA lifted its position in MasterBrand by 31.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 18,109 shares of the company's stock worth $265,000 after purchasing an additional 4,296 shares during the period. Institutional investors and hedge funds own 87.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MBC shares. Loop Capital cut their price objective on 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 research report on Monday, April 14th.

MasterBrand Price Performance

NYSE:MBC traded up $0.01 on Friday, reaching $11.04. The stock had a trading volume of 794,247 shares, compared to its average volume of 652,931. The company has a market capitalization of $1.40 billion, a P/E ratio of 14.15 and a beta of 1.43. MasterBrand, Inc. has a 1-year low of $9.63 and a 1-year high of $20.67. The company has a quick ratio of 1.10, a current ratio of 1.90 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average price of $10.92 and a 200-day moving average price of $12.71.

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). 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 12.60% and a net margin of 3.74%.

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.