Sanctuary Advisors LLC Purchases New Shares in MasterBrand, Inc. (NYSE:MBC)

Sanctuary Advisors LLC acquired a new position in shares of MasterBrand, Inc. (NYSE:MBC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,619 shares of the company’s stock, valued at approximately $458,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. acquired a new position in shares of MasterBrand during the second quarter valued at $9,873,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in MasterBrand by 58.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,425,966 shares of the company’s stock worth $26,437,000 after purchasing an additional 528,537 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of MasterBrand by 11.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company’s stock valued at $91,329,000 after purchasing an additional 518,443 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of MasterBrand by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company’s stock worth $66,738,000 after buying an additional 497,327 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of MasterBrand by 18.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,092,694 shares of the company’s stock worth $38,799,000 after buying an additional 330,874 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 lifted their target price on shares of MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, October 17th.

MasterBrand Trading Up 1.4 %

NYSE MBC opened at $14.46 on Friday. MasterBrand, Inc. has a 12 month low of $13.37 and a 12 month high of $20.67. The stock has a 50-day simple moving average of $16.91 and a 200 day simple moving average of $16.54. The company has a current ratio of 1.82, a quick ratio of 1.02 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $1.84 billion, a PE ratio of 12.68 and a beta of 1.35.

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

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.