Barclays PLC Raises Stake in MasterBrand, Inc. (NYSE:MBC)

Barclays PLC lifted its position in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) by 262.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234,160 shares of the company's stock after buying an additional 169,550 shares during the quarter. Barclays PLC owned about 0.18% of MasterBrand worth $4,341,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Separately, Loop Capital raised their target price on MasterBrand from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Thursday, October 17th.

MasterBrand Stock Down 1.0 %

Shares of NYSE MBC traded down $0.15 during midday trading on Friday, hitting $14.46. 7,852,914 shares of the stock traded hands, compared to its average volume of 939,818. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.02 and a current ratio of 1.82. MasterBrand, Inc. has a one year low of $13.37 and a one year high of $20.67. The business has a 50 day moving average price of $17.25 and a two-hundred day moving average price of $16.59. The company has a market cap of $1.84 billion, a PE ratio of 12.68 and a beta of 1.35.

MasterBrand (NYSE:MBC - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.06. MasterBrand had a net margin of 5.46% and a return on equity of 15.51%. The business had revenue of $718.10 million during the quarter.

MasterBrand 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.