New York State Teachers Retirement System Has $3.07 Million Holdings in MasterBrand, Inc. (NYSE:MBC)

New York State Teachers Retirement System trimmed its holdings in shares of MasterBrand, Inc. (NYSE:MBC) by 0.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 206,489 shares of the company’s stock after selling 1,532 shares during the period. New York State Teachers Retirement System’s holdings in MasterBrand were worth $3,066,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Factorial Partners LLC lifted its stake in MasterBrand by 1.7% in the 3rd quarter. Factorial Partners LLC now owns 122,400 shares of the company’s stock valued at $1,487,000 after purchasing an additional 2,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of MasterBrand by 3.9% during the third quarter. Vanguard Group Inc. now owns 10,155,860 shares of the company’s stock worth $123,394,000 after purchasing an additional 377,278 shares during the period. Mackenzie Financial Corp increased its holdings in shares of MasterBrand by 44.8% during the third quarter. Mackenzie Financial Corp now owns 21,353 shares of the company’s stock worth $244,000 after purchasing an additional 6,606 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of MasterBrand during the third quarter worth approximately $945,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of MasterBrand by 0.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 286,181 shares of the company’s stock worth $3,477,000 after purchasing an additional 1,067 shares during the period. 87.32% of the stock is currently owned by institutional investors and hedge funds.

MasterBrand Stock Down 1.8 %

Shares of MBC opened at $17.23 on Tuesday. MasterBrand, Inc. has a 12 month low of $7.32 and a 12 month high of $19.07. The firm’s 50 day moving average is $17.08 and its 200-day moving average is $14.63. The stock has a market capitalization of $2.19 billion, a PE ratio of 12.31 and a beta of 1.63. The company has a current ratio of 1.94, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58.

MasterBrand (NYSE:MBC) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. MasterBrand had a net margin of 6.68% and a return on equity of 17.24%. The business had revenue of $677.10 million for the quarter.

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.