Strs Ohio Buys 31,200 Shares of MasterBrand, Inc. (NYSE:MBC)

Strs Ohio boosted its stake in MasterBrand, Inc. (NYSE:MBC) by 115.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,200 shares of the company’s stock after acquiring an additional 31,200 shares during the quarter. Strs Ohio’s holdings in MasterBrand were worth $864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MBC. Vanguard Group Inc. lifted its holdings in shares of MasterBrand by 3.9% in the third quarter. Vanguard Group Inc. now owns 10,155,860 shares of the company’s stock valued at $123,394,000 after purchasing an additional 377,278 shares in the last quarter. Wellington Management Group LLP lifted its stake in MasterBrand by 0.4% in the 3rd quarter. Wellington Management Group LLP now owns 4,726,940 shares of the company’s stock valued at $57,432,000 after acquiring an additional 17,066 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in MasterBrand by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,025,300 shares of the company’s stock valued at $12,457,000 after acquiring an additional 22,028 shares in the last quarter. Brightline Capital Management LLC boosted its position in MasterBrand by 24.7% during the 3rd quarter. Brightline Capital Management LLC now owns 935,000 shares of the company’s stock worth $11,360,000 after acquiring an additional 185,000 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of MasterBrand by 19.8% during the 3rd quarter. Federated Hermes Inc. now owns 581,819 shares of the company’s stock worth $7,069,000 after acquiring an additional 96,110 shares in the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.

MasterBrand Stock Performance

Shares of MBC stock opened at $16.88 on Thursday. MasterBrand, Inc. has a 12 month low of $7.32 and a 12 month high of $19.07. The company’s fifty day simple moving average is $17.40 and its 200-day simple moving average is $14.86. The firm has a market cap of $2.14 billion, a PE ratio of 12.06 and a beta of 1.63. The company has a quick ratio of 1.22, a current ratio of 1.94 and a debt-to-equity ratio of 0.58.

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

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.