Norges Bank Purchases Shares of 590,900 MasterBrand, Inc. (NYSE:MBC)

Norges Bank purchased a new stake in shares of MasterBrand, Inc. (NYSE:MBCFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 590,900 shares of the company’s stock, valued at approximately $8,775,000. Norges Bank owned about 0.47% of MasterBrand at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MBC. Victory Capital Management Inc. lifted its holdings in MasterBrand by 245.2% during the 3rd quarter. Victory Capital Management Inc. now owns 73,217 shares of the company’s stock valued at $890,000 after purchasing an additional 52,010 shares during the last quarter. Barclays PLC lifted its holdings in shares of MasterBrand by 7.4% during the third quarter. Barclays PLC now owns 180,687 shares of the company’s stock worth $2,196,000 after buying an additional 12,403 shares in the last quarter. Swiss National Bank boosted its position in shares of MasterBrand by 1.2% in the third quarter. Swiss National Bank now owns 282,500 shares of the company’s stock valued at $3,432,000 after acquiring an additional 3,300 shares during the period. Charles Schwab Investment Management Inc. boosted 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 valued at $12,457,000 after acquiring an additional 22,028 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of MasterBrand by 41.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 32,227 shares of the company’s stock valued at $392,000 after acquiring an additional 9,384 shares during the period. Institutional investors and hedge funds own 87.32% of the company’s stock.

MasterBrand Trading Up 0.5 %

Shares of MasterBrand stock opened at $16.18 on Thursday. The firm has a 50-day moving average of $17.04 and a 200-day moving average of $15.92. The stock has a market cap of $2.05 billion, a PE ratio of 11.39 and a beta of 1.69. MasterBrand, Inc. has a 52-week low of $10.49 and a 52-week high of $19.07. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.34 and a current ratio of 2.06.

MasterBrand (NYSE:MBCGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $638.10 million during the quarter. MasterBrand had a net margin of 6.86% and a return on equity of 16.75%.

MasterBrand Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding MBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasterBrand, Inc. (NYSE:MBCFree Report).

Institutional Ownership by Quarter for MasterBrand (NYSE:MBC)

Receive News & Ratings for MasterBrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasterBrand and related companies with MarketBeat.com's FREE daily email newsletter.