Strs Ohio Purchases 31,200 Shares of MasterBrand, Inc. (NYSE:MBC)

Strs Ohio lifted its position in shares of MasterBrand, Inc. (NYSE:MBC) by 115.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 58,200 shares of the company’s stock after buying an additional 31,200 shares during the quarter. Strs Ohio’s holdings in MasterBrand were worth $864,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new stake in MasterBrand during the 4th quarter worth approximately $941,000. Sequoia Financial Advisors LLC grew its stake in shares of MasterBrand by 22.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,658 shares of the company’s stock worth $188,000 after purchasing an additional 2,310 shares during the last quarter. Oak Thistle LLC acquired a new stake in MasterBrand in the fourth quarter valued at $153,000. Raymond James Financial Services Advisors Inc. raised its position in MasterBrand by 23.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 19,848 shares of the company’s stock worth $295,000 after purchasing an additional 3,801 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in MasterBrand by 22.8% during the 4th quarter. Raymond James & Associates now owns 88,054 shares of the company’s stock worth $1,308,000 after buying an additional 16,335 shares during the period. Institutional investors and hedge funds own 87.32% of the company’s stock.

MasterBrand Trading Down 2.8 %

Shares of MBC stock opened at $16.88 on Thursday. 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. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 12.06 and a beta of 1.63. The stock has a 50-day moving average of $17.40 and a 200-day moving average of $14.86.

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

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.