MasterBrand, Inc. (NYSE:MBC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in MasterBrand, Inc. (NYSE:MBC) by 97.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,113 shares of the company’s stock after selling 2,177,753 shares during the quarter. Wellington Management Group LLP’s holdings in MasterBrand were worth $1,022,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Arizona State Retirement System raised its holdings in shares of MasterBrand by 2.1% in the second quarter. Arizona State Retirement System now owns 35,554 shares of the company’s stock worth $522,000 after buying an additional 717 shares during the last quarter. Quest Partners LLC raised its stake in MasterBrand by 33.3% in the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock worth $61,000 after acquiring an additional 821 shares during the last quarter. GAMMA Investing LLC lifted its position in MasterBrand by 46.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock worth $52,000 after acquiring an additional 890 shares during the period. North Growth Management Ltd. grew its stake in MasterBrand by 0.6% during the 3rd quarter. North Growth Management Ltd. now owns 180,000 shares of the company’s stock valued at $3,336,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of MasterBrand by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the company’s stock valued at $938,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 87.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Loop Capital lifted their target price on MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, October 17th.

MasterBrand Stock Down 2.2 %

MBC stock opened at $14.61 on Friday. The company has a market capitalization of $1.86 billion, a P/E ratio of 12.82 and a beta of 1.35. MasterBrand, Inc. has a 12 month low of $13.37 and a 12 month high of $20.67. The firm’s fifty day simple moving average is $17.32 and its 200-day simple moving average is $16.60. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02.

MasterBrand (NYSE:MBC) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. The company had revenue of $718.10 million for the quarter. MasterBrand had a net margin of 5.46% and a return on equity of 15.51%.

MasterBrand Company 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.