HighTower Advisors LLC Acquires 2,086 Shares of MasterBrand, Inc. (NYSE:MBC)

HighTower Advisors LLC grew its position in shares of MasterBrand, Inc. (NYSE:MBC) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,578 shares of the company’s stock after acquiring an additional 2,086 shares during the quarter. HighTower Advisors LLC’s holdings in MasterBrand were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in MasterBrand by 2.1% during 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 increased 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 increased its holdings in shares of MasterBrand by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock worth $52,000 after buying an additional 890 shares during the last quarter. North Growth Management Ltd. raised its position in shares of 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 buying an additional 1,000 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of MasterBrand by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the company’s stock worth $938,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

MasterBrand Trading Down 1.0 %

Shares of MBC opened at $14.46 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.02 and a current ratio of 1.82. MasterBrand, Inc. has a fifty-two week low of $13.37 and a fifty-two week high of $20.67. The firm has a 50 day moving average price of $17.32 and a 200-day moving average price of $16.60. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 12.68 and a beta of 1.35.

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

MasterBrand 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.