Texas Permanent School Fund Makes New $656,000 Investment in MasterBrand, Inc. (NYSE:MBC)

Texas Permanent School Fund acquired a new position in shares of MasterBrand, Inc. (NYSE:MBC – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 86,907 shares of the company’s stock, valued at approximately $656,000. Texas Permanent School Fund owned about 0.07% of MasterBrand as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Pflug Koory LLC purchased a new position in shares of MasterBrand in the 4th quarter valued at about $77,000. Bank of Montreal Can purchased a new position in shares of MasterBrand in the 4th quarter valued at about $1,837,000. Pzena Investment Management LLC purchased a new position in shares of MasterBrand in the 4th quarter valued at about $5,886,000. Kestra Advisory Services LLC purchased a new position in shares of MasterBrand in the 4th quarter valued at about $87,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of MasterBrand in the 4th quarter valued at about $97,000.

Analysts Set New Price Targets

Separately, Loop Capital upgraded shares of MasterBrand from a “hold” rating to a “buy” rating and increased their price target for the company from $9.00 to $13.00 in a report on Wednesday, May 10th.

MasterBrand Price Performance

Shares of NYSE MBC opened at $10.69 on Wednesday. MasterBrand, Inc. has a 52 week low of $7.08 and a 52 week high of $15.00. The company has a 50-day simple moving average of $8.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 2.02.

MasterBrand (NYSE:MBC – Get Rating) last issued its quarterly earnings data on Tuesday, March 7th. The company reported $0.52 EPS for the quarter. The business had revenue of $784.40 million during the quarter.

About MasterBrand

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MasterBrand, Inc manufactures and sells residential cabinets for the kitchen, bathroom, and other parts of the home in North America. The company is based in Jasper, Indiana.