Whittier Trust Co. Lowers Stock Position in MasterBrand, Inc. (NYSE:MBC)

Whittier Trust Co. cut its holdings in shares of MasterBrand, Inc. (NYSE:MBCFree Report) by 51.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,512 shares of the company’s stock after selling 1,600 shares during the period. Whittier Trust Co.’s holdings in MasterBrand were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MBC. GAMMA Investing LLC grew its position in MasterBrand by 51.2% in the 1st quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock valued at $41,000 after buying an additional 748 shares during the last quarter. Mather Group LLC. acquired a new stake in MasterBrand in the first quarter valued at $43,000. Riverview Trust Co acquired a new stake in MasterBrand in the first quarter valued at $87,000. Garner Asset Management Corp acquired a new position in shares of MasterBrand during the 4th quarter worth $92,000. Finally, Aigen Investment Management LP acquired a new position in shares of MasterBrand during the 4th quarter worth $152,000. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

MasterBrand Trading Up 2.4 %

NYSE:MBC opened at $14.36 on Thursday. The company has a market capitalization of $1.82 billion, a PE ratio of 10.11 and a beta of 1.58. The company has a quick ratio of 1.34, a current ratio of 2.06 and a debt-to-equity ratio of 0.55. MasterBrand, Inc. has a 52-week low of $10.53 and a 52-week high of $19.07. The stock has a fifty day simple moving average of $15.78 and a 200-day simple moving average of $16.05.

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

About MasterBrand

(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.

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Institutional Ownership by Quarter for MasterBrand (NYSE:MBC)

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