Truist Financial Corp Boosts Holdings in MasterBrand, Inc. (NYSE:MBC)

Truist Financial Corp lifted its position in MasterBrand, Inc. (NYSE:MBC) by 6.9% during the 4th quarter, HoldingsChannel reports. The firm owned 171,783 shares of the company’s stock after buying an additional 11,023 shares during the period. Truist Financial Corp’s holdings in MasterBrand were worth $2,551,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MBC. Vanguard Group Inc. grew its position in 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 buying an additional 377,278 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of MasterBrand by 0.4% during the third quarter. Wellington Management Group LLP now owns 4,726,940 shares of the company’s stock worth $57,432,000 after purchasing an additional 17,066 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of MasterBrand by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,025,300 shares of the company’s stock worth $12,457,000 after purchasing an additional 22,028 shares during the last quarter. Federated Hermes Inc. raised its stake in MasterBrand by 19.8% in the third quarter. Federated Hermes Inc. now owns 581,819 shares of the company’s stock valued at $7,069,000 after purchasing an additional 96,110 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position 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 valued at $3,477,000 after purchasing an additional 1,067 shares during the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.

MasterBrand Price Performance

Shares of NYSE:MBC opened at $16.41 on Thursday. The company’s fifty day moving average price is $17.68 and its 200-day moving average price is $15.26. 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 firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 11.72 and a beta of 1.82. MasterBrand, Inc. has a one year low of $8.30 and a one year high of $19.07.

MasterBrand (NYSE:MBC) last released its earnings results on Monday, February 26th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 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.