Louisiana State Employees Retirement System Buys Shares of 63,400 MasterBrand, Inc. (NYSE:MBC)

Louisiana State Employees Retirement System bought a new stake in shares of MasterBrand, Inc. (NYSE:MBC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 63,400 shares of the company’s stock, valued at approximately $941,000. Louisiana State Employees Retirement System owned about 0.05% of MasterBrand at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. HM Payson & Co. boosted its stake in shares of MasterBrand by 70.0% in the 3rd quarter. HM Payson & Co. now owns 2,975 shares of the company’s stock worth $36,000 after buying an additional 1,225 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of MasterBrand by 102.9% in the 4th quarter. Whittier Trust Co. now owns 3,112 shares of the company’s stock worth $46,000 after buying an additional 1,578 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of MasterBrand in the 4th quarter worth $153,000. Sequoia Financial Advisors LLC boosted its stake in shares of MasterBrand by 22.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,658 shares of the company’s stock worth $188,000 after buying an additional 2,310 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of MasterBrand in the 3rd quarter worth $152,000. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

MasterBrand Stock Performance

MBC stock opened at $16.76 on Friday. The company has a market cap of $2.13 billion, a P/E ratio of 11.97 and a beta of 1.63. MasterBrand, Inc. has a 1 year low of $7.45 and a 1 year high of $19.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.94 and a quick ratio of 1.22. The stock’s fifty day moving average price is $17.43 and its 200-day moving average price is $14.87.

MasterBrand (NYSE:MBC) last released its quarterly earnings results on Monday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $677.10 million for the quarter. MasterBrand had a return on equity of 17.24% and a net margin of 6.68%.

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.