Public Employees Retirement System of Ohio Acquires 1,216 Shares of MasterBrand, Inc. (NYSE:MBC)

Public Employees Retirement System of Ohio boosted its stake in MasterBrand, Inc. (NYSE:MBC) by 52.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,535 shares of the company’s stock after acquiring an additional 1,216 shares during the period. Public Employees Retirement System of Ohio’s holdings in MasterBrand were worth $66,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its stake 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 valued at $938,000 after purchasing an additional 1,100 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of MasterBrand by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,069,569 shares of the company’s stock worth $15,701,000 after acquiring an additional 7,446 shares during the period. Bailard Inc. bought a new position in shares of MasterBrand in the 2nd quarter worth approximately $305,000. Allspring Global Investments Holdings LLC lifted its stake in shares of MasterBrand by 1,323.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 185,675 shares of the company’s stock valued at $2,726,000 after purchasing an additional 172,634 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of MasterBrand during the second quarter valued at approximately $75,000. Institutional investors own 87.32% of the company’s stock.

Wall Street Analyst Weigh In

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

MasterBrand Trading Down 1.0 %

Shares of NYSE MBC opened at $14.46 on Monday. The stock has a market cap of $1.84 billion, a P/E ratio of 12.68 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, Inc. has a 1 year low of $13.37 and a 1 year high of $20.67. The firm has a 50-day moving average of $17.25 and a 200 day moving average of $16.59.

MasterBrand (NYSE:MBC) last released its earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.06. The firm had revenue of $718.10 million during 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.