MasterBrand, Inc. (NYSE:MBC) Stock Holdings Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in MasterBrand, Inc. (NYSE:MBC - Free Report) by 46.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 294,917 shares of the company's stock after selling 252,887 shares during the period. JPMorgan Chase & Co. owned about 0.23% of MasterBrand worth $5,468,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MBC. Quest Partners LLC acquired a new position in MasterBrand during the second quarter worth approximately $36,000. GAMMA Investing LLC increased its position in MasterBrand by 46.3% during the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company's stock worth $52,000 after purchasing an additional 890 shares during the last quarter. Public Employees Retirement System of Ohio increased its position 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 purchasing an additional 1,216 shares during the last quarter. TD Private Client Wealth LLC increased its position in MasterBrand by 39.9% during the third quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company's stock worth $89,000 after purchasing an additional 1,364 shares during the last quarter. Finally, Optimum Investment Advisors increased its position in MasterBrand by 1,700.0% during the third quarter. Optimum Investment Advisors now owns 9,000 shares of the company's stock worth $167,000 after purchasing an additional 8,500 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 report on Thursday, October 17th.

MasterBrand Price Performance

MasterBrand stock opened at $16.86 on Friday. The firm has a fifty day moving average of $16.02 and a 200-day moving average of $16.53. The firm has a market capitalization of $2.14 billion, a P/E ratio of 14.79 and a beta of 1.55. 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.

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

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.