MasterBrand, Inc. (NYSE:MBC) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its position in shares of MasterBrand, Inc. (NYSE:MBC) by 23.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,848 shares of the company’s stock after acquiring an additional 3,801 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in MasterBrand were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 acquiring an additional 1,067 shares during the period. HM Payson & Co. increased its stake in MasterBrand by 70.0% in the 3rd quarter. HM Payson & Co. now owns 2,975 shares of the company’s stock worth $36,000 after purchasing an additional 1,225 shares in the last quarter. Whittier Trust Co. increased its stake in MasterBrand by 102.9% in the 4th quarter. Whittier Trust Co. now owns 3,112 shares of the company’s stock worth $46,000 after purchasing an additional 1,578 shares in the last quarter. Factorial Partners LLC increased its stake in MasterBrand by 1.7% in the 3rd quarter. Factorial Partners LLC now owns 122,400 shares of the company’s stock worth $1,487,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its stake in MasterBrand by 1.4% in the 3rd quarter. Panagora Asset Management Inc. now owns 173,237 shares of the company’s stock worth $2,105,000 after purchasing an additional 2,368 shares in the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.

MasterBrand Trading Up 1.1 %

Shares of MBC opened at $16.81 on Tuesday. The business’s 50-day moving average price is $17.31 and its 200 day moving average price is $14.81. The stock has a market capitalization of $2.13 billion, a P/E ratio of 12.01 and a beta of 1.63. MasterBrand, Inc. has a 1-year low of $7.32 and a 1-year high of $19.07. 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 issued its quarterly earnings results on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $677.10 million for the quarter. MasterBrand had a return on equity of 17.24% and a net margin of 6.68%.

MasterBrand 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.