MasterBrand, Inc. (NYSE:MBC) Shares Sold by State Street Corp

State Street Corp decreased its position in MasterBrand, Inc. (NYSE:MBC) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,917,949 shares of the company’s stock after selling 24,785 shares during the quarter. State Street Corp owned about 3.87% of MasterBrand worth $91,179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in MasterBrand by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 35,554 shares of the company’s stock valued at $522,000 after purchasing an additional 717 shares during the last quarter. Quest Partners LLC raised its stake in MasterBrand by 33.3% in the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock valued at $61,000 after purchasing an additional 821 shares during the last quarter. GAMMA Investing LLC raised its stake in MasterBrand by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock valued at $52,000 after purchasing an additional 890 shares during the last quarter. North Growth Management Ltd. raised its stake in MasterBrand by 0.6% in the 3rd quarter. North Growth Management Ltd. now owns 180,000 shares of the company’s stock valued at $3,336,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in MasterBrand by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the company’s stock valued at $938,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 87.32% of the company’s stock.

MasterBrand Stock Up 0.1 %

MBC opened at $16.25 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 14.25 and a beta of 1.35. The business has a 50-day moving average of $17.45 and a two-hundred day moving average of $16.63. MasterBrand, Inc. has a 12 month low of $13.37 and a 12 month high of $20.67.

MasterBrand (NYSE:MBC) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. The company had revenue of $718.10 million during the quarter. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%.

Wall Street Analysts Forecast Growth

Separately, Loop Capital lifted their price target on MasterBrand from $20.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, October 17th.

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.