Geode Capital Management LLC Buys 135,693 Shares of MasterBrand, Inc. (NYSE:MBC)

Geode Capital Management LLC increased its holdings in MasterBrand, Inc. (NYSE:MBC - Free Report) by 4.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,400,366 shares of the company's stock after purchasing an additional 135,693 shares during the period. Geode Capital Management LLC owned approximately 2.68% of MasterBrand worth $63,053,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mawer Investment Management Ltd. purchased a new stake in MasterBrand during the second quarter valued at about $9,873,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of MasterBrand by 58.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,425,966 shares of the company's stock valued at $26,437,000 after acquiring an additional 528,537 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in MasterBrand by 11.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company's stock valued at $91,329,000 after acquiring an additional 518,443 shares during the period. Dimensional Fund Advisors LP grew its position in MasterBrand by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company's stock worth $66,738,000 after acquiring an additional 497,327 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in MasterBrand by 18.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,092,694 shares of the company's stock worth $38,799,000 after purchasing an additional 330,874 shares during the period. Institutional investors own 87.32% of the company's stock.

MasterBrand Trading Down 1.0 %

MasterBrand stock traded down $0.15 during trading hours on Friday, reaching $14.46. The stock had a trading volume of 7,852,914 shares, compared to its average volume of 939,818. The company has a fifty day simple moving average of $17.25 and a 200-day simple moving average of $16.59. MasterBrand, Inc. has a 52 week low of $13.37 and a 52 week high of $20.67. The stock has a market cap of $1.84 billion, a PE ratio of 12.68 and a beta of 1.35. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02.

MasterBrand (NYSE:MBC - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.06. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%. The company had revenue of $718.10 million for the quarter.

Wall Street Analyst Weigh In

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

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.