Arizona State Retirement System decreased its position in shares of MasterBrand, Inc. (NYSE:MBC – Free Report) by 3.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 36,091 shares of the company’s stock after selling 1,379 shares during the period. Arizona State Retirement System’s holdings in MasterBrand were worth $420,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of MBC. State of Wyoming acquired a new stake in MasterBrand in the 4th quarter valued at about $25,000. St. Johns Investment Management Company LLC raised its position in MasterBrand by 8,333.3% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 2,530 shares of the company’s stock valued at $29,000 after purchasing an additional 2,500 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in MasterBrand by 40.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,136 shares of the company’s stock valued at $33,000 after purchasing an additional 1,200 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in MasterBrand in the 4th quarter valued at about $33,000. Finally, MetLife Investment Management LLC acquired a new stake in MasterBrand in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 87.87% of the company’s stock.
Analyst Ratings Changes
Separately, Loop Capital increased their price target on MasterBrand from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, July 24th.
MasterBrand Stock Performance
MBC opened at $11.67 on Tuesday. MasterBrand, Inc. has a one year low of $7.08 and a one year high of $15.00. The company has a current ratio of 1.95, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. The business’s 50-day simple moving average is $11.78 and its 200-day simple moving average is $11.32.
MasterBrand (NYSE:MBC – Get Free Report) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.42 EPS for the quarter. The business had revenue of $695.10 million during the quarter.
MasterBrand Company Profile
MasterBrand, Inc manufactures and sells residential cabinetry products for the kitchen, bathroom, and other parts of the home in North America. The company offers a range of cabinetry products under the Aristokraft, Decora, Diamond, Fieldstone Cabinetry, Homecrest, Kemper, KitchenCraft Cabinetry, Mantra, MC mid continent Cabinetry, Omega Cabinetry, Schrock, Starmark Cabinetry, Ultracraft, and Urban Effect Cabinetry brands.
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