Franklin Resources Inc. Buys 1,865 Shares of MasterBrand, Inc. (NYSE:MBC)

Franklin Resources Inc. lifted its position in MasterBrand, Inc. (NYSE:MBC) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,457 shares of the company’s stock after buying an additional 1,865 shares during the period. Franklin Resources Inc. owned about 0.06% of MasterBrand worth $1,491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MBC. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of MasterBrand during the third quarter valued at approximately $872,000. Foundry Partners LLC purchased a new stake in MasterBrand during the 3rd quarter valued at $4,952,000. Vestcor Inc lifted its holdings in shares of MasterBrand by 329.0% during the 3rd quarter. Vestcor Inc now owns 40,815 shares of the company’s stock valued at $757,000 after buying an additional 31,300 shares during the period. Segall Bryant & Hamill LLC bought a new position in MasterBrand in the third quarter valued at about $1,669,000. Finally, Mawer Investment Management Ltd. bought a new position in shares of MasterBrand in the 2nd quarter worth approximately $9,873,000. Institutional investors own 87.32% of the company’s stock.

MasterBrand Trading Down 0.1 %

NYSE:MBC opened at $14.44 on Friday. MasterBrand, Inc. has a one year low of $13.37 and a one year high of $20.67. The business has a fifty day moving average price of $16.82 and a 200-day moving average price of $16.53. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 12.67 and a beta of 1.35. 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 issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 EPS for the quarter, topping 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 business had revenue of $718.10 million during the quarter.

Analyst Ratings Changes

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

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.