MasterBrand, Inc. $MBC Holdings Raised by Strs Ohio

Strs Ohio grew its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 253.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,100 shares of the company’s stock after acquiring an additional 120,500 shares during the period. Strs Ohio owned 0.13% of MasterBrand worth $2,214,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC boosted its position in MasterBrand by 52.4% during the third quarter. GAMMA Investing LLC now owns 3,268 shares of the company’s stock valued at $43,000 after purchasing an additional 1,123 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of MasterBrand by 1.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 88,754 shares of the company’s stock worth $970,000 after purchasing an additional 1,230 shares in the last quarter. CWM LLC lifted its holdings in shares of MasterBrand by 57.5% during the 3rd quarter. CWM LLC now owns 3,414 shares of the company’s stock valued at $45,000 after buying an additional 1,247 shares during the last quarter. Amalgamated Bank grew its stake in shares of MasterBrand by 3.4% in the 3rd quarter. Amalgamated Bank now owns 37,519 shares of the company’s stock valued at $494,000 after buying an additional 1,250 shares in the last quarter. Finally, SummerHaven Investment Management LLC raised its position in MasterBrand by 2.3% during the second quarter. SummerHaven Investment Management LLC now owns 55,891 shares of the company’s stock valued at $611,000 after acquiring an additional 1,252 shares in the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on MBC shares. Wall Street Zen downgraded shares of MasterBrand from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of MasterBrand in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.00.

MasterBrand Price Performance

Shares of MasterBrand stock opened at $12.02 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 0.69. The firm has a fifty day simple moving average of $11.52 and a 200-day simple moving average of $12.07. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 18.79 and a beta of 1.46. MasterBrand, Inc. has a 1-year low of $9.33 and a 1-year high of $18.06.

MasterBrand (NYSE:MBC) last announced its earnings results on Tuesday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $698.90 million during the quarter, compared to the consensus estimate of $678.60 million. MasterBrand had a return on equity of 10.88% and a net margin of 3.00%.The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 EPS. MasterBrand has set its FY 2025 guidance at 1.010-1.130 EPS.

MasterBrand Company Profile

MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.

MasterBrand’s product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.