MasterBrand, Inc. $MBC Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its holdings in MasterBrand, Inc. (NYSE:MBC) by 27.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,144,233 shares of the company’s stock after selling 433,026 shares during the period. Invesco Ltd. owned 0.90% of MasterBrand worth $14,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of MasterBrand by 213.8% in the first quarter. Signaturefd LLC now owns 1,949 shares of the company’s stock valued at $25,000 after purchasing an additional 1,328 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of MasterBrand by 36.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the company’s stock worth $70,000 after purchasing an additional 1,286 shares in the last quarter. Caxton Associates LP purchased a new position in MasterBrand during the fourth quarter worth $148,000. Cetera Investment Advisers acquired a new position in shares of MasterBrand in the fourth quarter worth $164,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of MasterBrand in the fourth quarter valued at $166,000. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen upgraded MasterBrand from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Loop Capital lowered their price target on shares of MasterBrand from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.00.

MasterBrand Stock Performance

NYSE:MBC opened at $13.2050 on Friday. The firm’s fifty day simple moving average is $11.52 and its 200 day simple moving average is $12.20. The company has a current ratio of 1.87, a quick ratio of 1.12 and a debt-to-equity ratio of 0.73. MasterBrand, Inc. has a twelve month low of $9.63 and a twelve month high of $20.67. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 18.34 and a beta of 1.42.

MasterBrand (NYSE:MBC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. MasterBrand had a return on equity of 11.88% and a net margin of 3.37%.The company had revenue of $730.90 million for the quarter, compared to analysts’ expectations of $683.30 million.

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.