MasterBrand, Inc. (NYSE:MBC) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,510 shares of the company’s stock after selling 1,851 shares during the period. Nisa Investment Advisors LLC’s holdings in MasterBrand were worth $451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gates Capital Management Inc. lifted its stake in shares of MasterBrand by 7.5% in the 4th quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company’s stock valued at $138,643,000 after purchasing an additional 658,807 shares during the period. Boston Partners raised its stake in MasterBrand by 82.2% in the 4th quarter. Boston Partners now owns 5,237,123 shares of the company’s stock valued at $76,558,000 after purchasing an additional 2,363,308 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in MasterBrand by 3.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 5,083,041 shares of the company’s stock worth $74,264,000 after buying an additional 156,993 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in MasterBrand by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,976,769 shares of the company’s stock worth $72,709,000 after buying an additional 226,818 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in MasterBrand by 15.2% during the fourth quarter. Invesco Ltd. now owns 1,577,259 shares of the company’s stock worth $23,044,000 after buying an additional 208,568 shares during the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.

MasterBrand Stock Performance

Shares of MasterBrand stock opened at $11.25 on Thursday. The firm’s fifty day simple moving average is $10.72 and its 200-day simple moving average is $13.01. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.42 and a beta of 1.43. MasterBrand, Inc. has a 12 month low of $9.63 and a 12 month high of $20.67. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.90 and a quick ratio of 1.10.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). MasterBrand had a return on equity of 12.60% and a net margin of 3.74%. The company had revenue of $660.30 million for the quarter, compared to analyst estimates of $663.95 million.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Loop Capital decreased their price target on MasterBrand from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Zelman & Associates restated an “underperform” rating on shares of MasterBrand in a report on Monday, April 14th.

About MasterBrand

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.