Illinois Municipal Retirement Fund Sells 7,582 Shares of MasterBrand, Inc. (NYSE:MBC)

Illinois Municipal Retirement Fund reduced its stake in MasterBrand, Inc. (NYSE:MBC) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,215 shares of the company’s stock after selling 7,582 shares during the period. Illinois Municipal Retirement Fund’s holdings in MasterBrand were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Factorial Partners LLC boosted its stake in shares of MasterBrand by 1.7% in the third quarter. Factorial Partners LLC now owns 122,400 shares of the company’s stock valued at $1,487,000 after buying an additional 2,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of MasterBrand by 3.9% in the third quarter. Vanguard Group Inc. now owns 10,155,860 shares of the company’s stock valued at $123,394,000 after buying an additional 377,278 shares during the period. Mackenzie Financial Corp boosted its stake in shares of MasterBrand by 44.8% in the third quarter. Mackenzie Financial Corp now owns 21,353 shares of the company’s stock valued at $244,000 after buying an additional 6,606 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of MasterBrand by 0.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 286,181 shares of the company’s stock valued at $3,477,000 after buying an additional 1,067 shares during the period. Finally, Barclays PLC boosted its stake in shares of MasterBrand by 7.4% in the third quarter. Barclays PLC now owns 180,687 shares of the company’s stock valued at $2,196,000 after buying an additional 12,403 shares during the period. 87.32% of the stock is currently owned by institutional investors.

MasterBrand Stock Up 1.7 %

NYSE MBC opened at $17.04 on Monday. The business has a fifty day moving average price of $17.46 and a two-hundred day moving average price of $14.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.94 and a quick ratio of 1.22. MasterBrand, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $19.07. The stock has a market capitalization of $2.17 billion, a PE ratio of 12.17 and a beta of 1.63.

MasterBrand (NYSE:MBC) last released its 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. MasterBrand had a return on equity of 17.24% and a net margin of 6.68%. The firm had revenue of $677.10 million during 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.