MasterBrand, Inc. (NYSE:MBC) Shares Sold by Arizona State Retirement System

Arizona State Retirement System reduced its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,693 shares of the company’s stock after selling 897 shares during the period. Arizona State Retirement System’s holdings in MasterBrand were worth $530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Factorial Partners LLC boosted its holdings in shares of MasterBrand by 1.7% during the 3rd quarter. Factorial Partners LLC now owns 122,400 shares of the company’s stock worth $1,487,000 after purchasing an additional 2,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of MasterBrand by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 10,155,860 shares of the company’s stock worth $123,394,000 after purchasing an additional 377,278 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of MasterBrand by 44.8% during the 3rd quarter. Mackenzie Financial Corp now owns 21,353 shares of the company’s stock worth $244,000 after purchasing an additional 6,606 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of MasterBrand during the 3rd quarter worth approximately $945,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of MasterBrand by 0.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 286,181 shares of the company’s stock valued at $3,477,000 after buying an additional 1,067 shares during the period. 87.32% of the stock is currently owned by institutional investors and hedge funds.

MasterBrand Stock Up 0.6 %

MBC stock opened at $16.63 on Friday. The firm has a market cap of $2.11 billion, a PE ratio of 11.88 and a beta of 1.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.94. The firm’s 50 day moving average price is $17.27 and its 200-day moving average price is $14.72. MasterBrand, Inc. has a one year low of $7.32 and a one year high of $19.07.

MasterBrand (NYSE:MBC) last released its quarterly earnings results on Monday, February 26th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The firm had revenue of $677.10 million for the quarter. MasterBrand had a net margin of 6.68% and a return on equity of 17.24%.

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.