Empowered Funds LLC Buys 31,714 Shares of MasterBrand, Inc. (NYSE:MBC)

Empowered Funds LLC grew its position in MasterBrand, Inc. (NYSE:MBC - Free Report) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 650,450 shares of the company's stock after buying an additional 31,714 shares during the period. Empowered Funds LLC owned approximately 0.51% of MasterBrand worth $9,503,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. KBC Group NV grew its stake in MasterBrand by 52.0% in the fourth quarter. KBC Group NV now owns 5,800 shares of the company's stock valued at $85,000 after acquiring an additional 1,983 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of MasterBrand by 4.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 36,361 shares of the company's stock valued at $531,000 after purchasing an additional 1,561 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of MasterBrand by 10.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 77,896 shares of the company's stock valued at $1,138,000 after purchasing an additional 7,515 shares during the period. Hennessy Advisors Inc. increased its stake in MasterBrand by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 549,900 shares of the company's stock worth $8,034,000 after purchasing an additional 35,100 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in MasterBrand by 2.3% during the 3rd quarter. Franklin Resources Inc. now owns 82,457 shares of the company's stock worth $1,491,000 after buying an additional 1,865 shares during the period. Institutional investors own 87.32% of the company's stock.

MasterBrand Stock Up 0.3 %

MBC stock traded up $0.06 during trading hours on Thursday, reaching $16.66. 399,541 shares of the stock were exchanged, compared to its average volume of 869,270. The firm's 50-day moving average is $16.07 and its 200-day moving average is $16.72. MasterBrand, Inc. has a 12 month low of $13.90 and a 12 month high of $20.67. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 14.61 and a beta of 1.58. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02.

Wall Street Analyst Weigh In

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

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.