Louisiana State Employees Retirement System Invests $941,000 in MasterBrand, Inc. (NYSE:MBC)

Louisiana State Employees Retirement System purchased a new position in shares of MasterBrand, Inc. (NYSE:MBC) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 63,400 shares of the company’s stock, valued at approximately $941,000.

A number of other large investors have also made changes to their positions in MBC. Vanguard Group Inc. increased its position 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 in the last quarter. Brightline Capital Management LLC increased its position in shares of MasterBrand by 24.7% in the 3rd quarter. Brightline Capital Management LLC now owns 935,000 shares of the company’s stock valued at $11,360,000 after acquiring an additional 185,000 shares during the period. SG Americas Securities LLC acquired a new position in shares of MasterBrand in the 3rd quarter valued at $1,796,000. Federated Hermes Inc. increased its position in shares of MasterBrand by 19.8% in the 3rd quarter. Federated Hermes Inc. now owns 581,819 shares of the company’s stock valued at $7,069,000 after acquiring an additional 96,110 shares during the period. Finally, EAM Investors LLC acquired a new position in shares of MasterBrand in the 3rd quarter valued at $1,159,000. 87.32% of the stock is owned by institutional investors and hedge funds.

MasterBrand Price Performance

NYSE MBC opened at $16.76 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.94 and a quick ratio of 1.22. The stock’s fifty day moving average price is $17.43 and its 200 day moving average price is $14.87. MasterBrand, Inc. has a 1 year low of $7.45 and a 1 year high of $19.07. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 11.97 and a beta of 1.63.

MasterBrand (NYSE:MBC) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. The company 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%.

About MasterBrand

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.