Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in MasterBrand, Inc. (NYSE:MBC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 159,136 shares of the company's stock, valued at approximately $2,078,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of MasterBrand as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its stake in shares of MasterBrand by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 154,249 shares of the company's stock worth $2,254,000 after acquiring an additional 804 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake 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. Signaturefd LLC increased its stake 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. EP Wealth Advisors LLC increased its stake in shares of MasterBrand by 15.0% in the 4th quarter. EP Wealth Advisors LLC now owns 15,604 shares of the company's stock worth $228,000 after acquiring an additional 2,035 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in shares of MasterBrand by 22.5% in the 1st quarter. Cerity Partners LLC now owns 14,171 shares of the company's stock worth $185,000 after acquiring an additional 2,606 shares during the last quarter. Hedge funds and other institutional investors own 87.32% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on MBC. Zelman & Associates reaffirmed an "underperform" rating on shares of MasterBrand in a research note on Monday, April 14th. Loop Capital cut their price objective on MasterBrand from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th.
Read Our Latest Research Report on MBC
MasterBrand Trading Up 1.5%
Shares of NYSE:MBC traded up $0.17 during midday trading on Monday, reaching $11.22. 256,882 shares of the company's stock were exchanged, compared to its average volume of 1,009,792. The firm's 50 day simple moving average is $10.92 and its two-hundred day simple moving average is $12.66. 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 cap of $1.42 billion, a price-to-earnings ratio of 14.38 and a beta of 1.42. 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 earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). The firm had revenue of $660.30 million during the quarter, compared to analyst estimates of $663.95 million. MasterBrand had a net margin of 3.74% and a return on equity of 12.60%.
About MasterBrand
(
Free Report)
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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