Arizona State Retirement System Grows Stake in MasterBrand, Inc. (NYSE:MBC)

Arizona State Retirement System lifted its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,554 shares of the company’s stock after purchasing an additional 717 shares during the period. Arizona State Retirement System’s holdings in MasterBrand were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. SageView Advisory Group LLC acquired a new position in MasterBrand during the first quarter worth about $25,000. Covestor Ltd boosted its holdings in MasterBrand by 71.4% in the 1st quarter. Covestor Ltd now owns 1,596 shares of the company’s stock valued at $30,000 after purchasing an additional 665 shares during the last quarter. GAMMA Investing LLC boosted its holdings in MasterBrand by 51.2% in the 1st quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock valued at $41,000 after purchasing an additional 748 shares during the last quarter. Mather Group LLC. acquired a new position in MasterBrand in the 1st quarter valued at about $43,000. Finally, nVerses Capital LLC acquired a new position in MasterBrand in the 2nd quarter valued at about $75,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.

MasterBrand Stock Performance

Shares of MBC stock opened at $16.90 on Tuesday. The firm’s 50 day moving average price is $16.11 and its 200-day moving average price is $16.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 2.24. MasterBrand, Inc. has a one year low of $10.53 and a one year high of $19.07. The firm has a market cap of $2.15 billion, a P/E ratio of 11.90 and a beta of 1.49.

MasterBrand (NYSE:MBC) last announced its earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%. The firm had revenue of $676.50 million for the quarter.

Insider Buying and Selling at MasterBrand

In related news, Director Ann F. Hackett sold 17,589 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the transaction, the director now directly owns 45,520 shares of the company’s stock, valued at approximately $726,044. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.38% of the company’s stock.

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.