MasterBrand, Inc. $MBC Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in MasterBrand, Inc. (NYSE:MBC) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,998,737 shares of the company’s stock after acquiring an additional 4,876 shares during the period. Geode Capital Management LLC’s holdings in MasterBrand were worth $32,780,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Coliseum Capital Management LLC acquired a new stake in MasterBrand during the first quarter worth $41,517,000. Boston Partners grew its holdings in shares of MasterBrand by 49.5% during the 1st quarter. Boston Partners now owns 7,827,706 shares of the company’s stock worth $101,927,000 after purchasing an additional 2,590,583 shares during the period. Pzena Investment Management LLC increased its position in shares of MasterBrand by 45.3% during the 2nd quarter. Pzena Investment Management LLC now owns 4,154,751 shares of the company’s stock worth $45,411,000 after purchasing an additional 1,295,267 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of MasterBrand by 796.3% during the 1st quarter. Alliancebernstein L.P. now owns 1,382,566 shares of the company’s stock worth $18,056,000 after purchasing an additional 1,228,317 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in MasterBrand by 369.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,068,481 shares of the company’s stock valued at $11,678,000 after buying an additional 840,900 shares during the period. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MBC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MasterBrand in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of MasterBrand from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.00.

MasterBrand Price Performance

MBC opened at $11.17 on Friday. The stock’s 50-day moving average price is $12.11 and its 200 day moving average price is $11.75. MasterBrand, Inc. has a 12-month low of $9.33 and a 12-month high of $18.15. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 17.45 and a beta of 1.42. 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 (NYSE:MBC) last issued its quarterly earnings results on Tuesday, June 13th. The company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $777.10 million for the quarter. MasterBrand had a net margin of 3.00% and a return on equity of 10.88%.

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.