State of Alaska Department of Revenue decreased its holdings in shares of MasterBrand, Inc. (NYSE:MBC – Free Report) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,556 shares of the company’s stock after selling 3,263 shares during the period. State of Alaska Department of Revenue owned about 0.07% of MasterBrand worth $983,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. St. Johns Investment Management Company LLC raised its stake in shares of MasterBrand by 8,333.3% in the second quarter. St. Johns Investment Management Company LLC now owns 2,530 shares of the company’s stock valued at $29,000 after acquiring an additional 2,500 shares during the last quarter. State of Wyoming bought a new position in shares of MasterBrand in the fourth quarter valued at approximately $25,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of MasterBrand by 40.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,136 shares of the company’s stock valued at $33,000 after acquiring an additional 1,200 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of MasterBrand in the fourth quarter valued at approximately $33,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of MasterBrand in the fourth quarter valued at approximately $34,000. Institutional investors own 87.87% of the company’s stock.
Analyst Ratings Changes
Separately, Loop Capital raised their price target on shares of MasterBrand from $13.00 to $15.00 and gave the company a “buy” rating in a report on Monday, July 24th.
MasterBrand Trading Up 2.0 %
Shares of MasterBrand stock opened at $11.49 on Tuesday. The firm has a 50 day simple moving average of $12.24 and a 200 day simple moving average of $10.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.95 and a quick ratio of 1.09. MasterBrand, Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $15.00.
MasterBrand (NYSE:MBC – Get Free Report) last released its earnings results on Tuesday, August 8th. The company reported $0.42 EPS for the quarter. The business had revenue of $695.10 million for the quarter.
About MasterBrand
MasterBrand, Inc manufactures and sells residential cabinetry products for the kitchen, bathroom, and other parts of the home in North America. The company offers a range of cabinetry products under the Aristokraft, Decora, Diamond, Fieldstone Cabinetry, Homecrest, Kemper, KitchenCraft Cabinetry, Mantra, MC mid continent Cabinetry, Omega Cabinetry, Schrock, Starmark Cabinetry, Ultracraft, and Urban Effect Cabinetry brands.
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