Teacher Retirement System of Texas Buys 856,342 Shares of MasterBrand, Inc. $MBC

Teacher Retirement System of Texas raised its stake in MasterBrand, Inc. (NYSE:MBC) by 80.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,924,823 shares of the company’s stock after acquiring an additional 856,342 shares during the period. Teacher Retirement System of Texas’ holdings in MasterBrand were worth $25,350,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MBC. Boston Partners boosted its holdings in shares of MasterBrand by 5.8% during the 2nd quarter. Boston Partners now owns 8,280,239 shares of the company’s stock valued at $90,632,000 after purchasing an additional 452,533 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of MasterBrand by 45.3% in the second quarter. Pzena Investment Management LLC now owns 4,154,751 shares of the company’s stock worth $45,411,000 after buying an additional 1,295,267 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in MasterBrand by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,294 shares of the company’s stock valued at $19,816,000 after buying an additional 59,879 shares during the last quarter. Nixon Capital LLC boosted its stake in MasterBrand by 40.1% during the third quarter. Nixon Capital LLC now owns 1,230,596 shares of the company’s stock valued at $16,207,000 after buying an additional 352,489 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in MasterBrand by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 432,798 shares of the company’s stock valued at $4,730,000 after buying an additional 29,751 shares in the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MBC. Wall Street Zen cut MasterBrand from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of MasterBrand in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.

MasterBrand Trading Down 3.9%

Shares of MBC stock opened at $12.57 on Friday. The company has a market cap of $1.59 billion, a PE ratio of 19.63 and a beta of 1.46. MasterBrand, Inc. has a 1 year low of $9.33 and a 1 year high of $18.15. The stock’s 50 day simple moving average is $11.42 and its two-hundred day simple moving average is $12.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.13.

MasterBrand (NYSE:MBC) last announced its earnings results on Tuesday, November 4th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $698.90 million during the quarter, compared to analysts’ expectations of $678.60 million. MasterBrand had a return on equity of 10.88% and a net margin of 3.00%.MasterBrand’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. MasterBrand has set its FY 2025 guidance at 1.010-1.130 EPS.

MasterBrand Company 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.