MasterBrand, Inc. (NYSE:MBC) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities and 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.

A number of other large investors have also recently made changes to their positions in the stock. Foundry Partners LLC acquired a new stake in MasterBrand during the 3rd quarter worth about $4,952,000. Vestcor Inc raised its stake in shares of MasterBrand by 329.0% in the third quarter. Vestcor Inc now owns 40,815 shares of the company’s stock worth $757,000 after purchasing an additional 31,300 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of MasterBrand during the third quarter worth about $872,000. Segall Bryant & Hamill LLC purchased a new stake in MasterBrand in the third quarter valued at approximately $1,669,000. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 buying an additional 330,874 shares during the period. 87.32% of the stock is owned by hedge funds and other institutional investors.

MasterBrand Price Performance

NYSE:MBC opened at $16.68 on Monday. The firm’s fifty day moving average is $16.10 and its two-hundred day moving average is $16.74. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 14.63 and a beta of 1.58. 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 $13.90 and a one year high of $20.67.

Wall Street Analyst Weigh In

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

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.