MasterBrand, Inc. (NYSE:MBC) Shares Acquired by Vestcor Inc

Vestcor Inc increased its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 329.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,815 shares of the company’s stock after buying an additional 31,300 shares during the quarter. Vestcor Inc’s holdings in MasterBrand were worth $757,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC acquired a new position in shares of MasterBrand in the second quarter valued at about $36,000. GAMMA Investing LLC boosted its position in MasterBrand by 46.3% in the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock valued at $52,000 after buying an additional 890 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in MasterBrand by 52.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock worth $66,000 after buying an additional 1,216 shares during the period. nVerses Capital LLC purchased a new position in MasterBrand during the 2nd quarter worth approximately $75,000. Finally, Optimum Investment Advisors lifted its stake in MasterBrand by 1,700.0% during the 3rd quarter. Optimum Investment Advisors now owns 9,000 shares of the company’s stock valued at $167,000 after acquiring an additional 8,500 shares during the period. 87.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Loop Capital increased their price objective 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 Stock Performance

Shares of MBC stock opened at $16.39 on Friday. MasterBrand, Inc. has a 52-week low of $13.37 and a 52-week high of $20.67. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83. The stock has a market cap of $2.08 billion, a PE ratio of 14.38 and a beta of 1.36. The business has a 50-day simple moving average of $17.51 and a 200-day simple moving average of $16.61.

MasterBrand (NYSE:MBC) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.34 by $0.06. The business had revenue of $718.10 million for the quarter. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%.

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.