MasterBrand, Inc. $MBC Shares Sold by De Lisle Partners LLP

De Lisle Partners LLP lessened its holdings in MasterBrand, Inc. (NYSE:MBC) by 7.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,119,149 shares of the company’s stock after selling 88,900 shares during the period. MasterBrand comprises approximately 1.7% of De Lisle Partners LLP’s holdings, making the stock its 12th biggest holding. De Lisle Partners LLP owned about 0.88% of MasterBrand worth $12,238,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MBC. Parkside Financial Bank & Trust raised its position in MasterBrand by 61.3% in the second quarter. Parkside Financial Bank & Trust now owns 4,357 shares of the company’s stock valued at $48,000 after purchasing an additional 1,655 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of MasterBrand in the first quarter valued at about $49,000. Allworth Financial LP raised its holdings in shares of MasterBrand by 1,543.7% during the 2nd quarter. Allworth Financial LP now owns 6,361 shares of the company’s stock valued at $70,000 after buying an additional 5,974 shares during the period. Americana Partners LLC acquired a new position in MasterBrand during the 2nd quarter worth approximately $117,000. Finally, Quadrature Capital Ltd acquired a new position in MasterBrand during the 2nd quarter worth approximately $134,000. 87.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MBC. Weiss Ratings reiterated 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 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, the stock presently has an average rating of “Hold” and an average price target of $15.00.

MasterBrand Stock Performance

Shares of MBC opened at $11.09 on Friday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 17.33 and a beta of 1.42. The company has a quick ratio of 1.13, a current ratio of 1.87 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $12.07 and its two-hundred day moving average is $11.76. MasterBrand, Inc. has a 52-week low of $9.33 and a 52-week high of $18.15.

MasterBrand (NYSE:MBC) last released its quarterly earnings results on Tuesday, June 13th. The company reported $0.40 earnings per share for the quarter. The business had revenue of $777.10 million during the quarter. MasterBrand had a net margin of 3.00% and a return on equity of 10.88%.

About MasterBrand

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.