MasterBrand, Inc. $MBC Position Increased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 166.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,480 shares of the company’s stock after buying an additional 65,300 shares during the period. New York State Common Retirement Fund owned 0.08% of MasterBrand worth $1,376,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its holdings in MasterBrand by 18.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 5,178 shares of the company’s stock valued at $68,000 after purchasing an additional 821 shares during the period. GAMMA Investing LLC raised its position in shares of 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 buying an additional 1,123 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of MasterBrand by 1.4% in the second quarter. Gamco Investors INC. ET AL now owns 88,754 shares of the company’s stock valued at $970,000 after buying an additional 1,230 shares during the period. CWM LLC grew its position in MasterBrand by 57.5% during the third quarter. CWM LLC now owns 3,414 shares of the company’s stock worth $45,000 after buying an additional 1,247 shares in the last quarter. Finally, Amalgamated Bank increased its stake in MasterBrand by 3.4% during the third quarter. Amalgamated Bank now owns 37,519 shares of the company’s stock valued at $494,000 after acquiring an additional 1,250 shares during the period. Institutional investors own 87.32% of the company’s stock.

MasterBrand Stock Performance

Shares of NYSE:MBC opened at $13.44 on Tuesday. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 0.69. MasterBrand, Inc. has a 1-year low of $9.33 and a 1-year high of $17.09. The stock has a market capitalization of $1.70 billion, a P/E ratio of 21.00 and a beta of 1.45. The business has a 50-day moving average price of $11.91 and a two-hundred day moving average price of $12.15.

Analyst Ratings Changes

A number of analysts have recently issued reports on MBC shares. Wall Street Zen cut MasterBrand from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MasterBrand in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.00.

MasterBrand 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.