Sanctuary Advisors LLC Buys Shares of 26,619 MasterBrand, Inc. (NYSE:MBC)

Sanctuary Advisors LLC purchased a new position in shares of MasterBrand, Inc. (NYSE:MBC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,619 shares of the company’s stock, valued at approximately $458,000.

Several other hedge funds also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in MasterBrand during the third quarter worth about $872,000. Foundry Partners LLC acquired a new stake in shares of MasterBrand during the 3rd quarter worth approximately $4,952,000. Vestcor Inc increased its position in shares of MasterBrand by 329.0% during the third quarter. Vestcor Inc now owns 40,815 shares of the company’s stock valued at $757,000 after purchasing an additional 31,300 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of MasterBrand during the third quarter valued at approximately $1,669,000. Finally, Mawer Investment Management Ltd. acquired a new position in shares of MasterBrand in the second quarter valued at $9,873,000. 87.32% of the stock is owned by institutional investors.

MasterBrand Stock Performance

NYSE:MBC opened at $14.46 on Friday. The firm has a market capitalization of $1.84 billion, a PE ratio of 12.68 and a beta of 1.35. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83. MasterBrand, Inc. has a 12-month low of $13.37 and a 12-month high of $20.67. The firm has a 50-day moving average price of $16.91 and a 200 day moving average price of $16.54.

MasterBrand (NYSE:MBC) last issued its earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The business had revenue of $718.10 million during the quarter. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%.

Wall Street Analyst Weigh In

Separately, Loop Capital lifted their price target on shares of MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th.

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.