Dynamic Technology Lab Private Ltd Invests $661,000 in MasterBrand, Inc. (NYSE:MBC)

Dynamic Technology Lab Private Ltd acquired a new stake in MasterBrand, Inc. (NYSE:MBC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 44,513 shares of the company’s stock, valued at approximately $661,000.

Several other hedge funds have also added to or reduced their stakes in the business. HM Payson & Co. grew its stake in MasterBrand by 70.0% in the third quarter. HM Payson & Co. now owns 2,975 shares of the company’s stock valued at $36,000 after acquiring an additional 1,225 shares during the period. Whittier Trust Co. raised its holdings in MasterBrand by 102.9% during the 4th quarter. Whittier Trust Co. now owns 3,112 shares of the company’s stock worth $46,000 after buying an additional 1,578 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in MasterBrand during the 3rd quarter worth approximately $152,000. Oak Thistle LLC bought a new position in MasterBrand in the fourth quarter valued at approximately $153,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of MasterBrand by 22.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,658 shares of the company’s stock valued at $188,000 after buying an additional 2,310 shares during the period. Institutional investors and hedge funds own 87.32% of the company’s stock.

MasterBrand Stock Down 1.1 %

Shares of MBC stock opened at $16.15 on Friday. MasterBrand, Inc. has a 12-month low of $10.13 and a 12-month high of $19.07. The company has a quick ratio of 1.34, a current ratio of 2.06 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average of $17.45 and a 200-day moving average of $15.65. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 11.37 and a beta of 1.82.

MasterBrand (NYSE:MBC) last announced its earnings results on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. MasterBrand had a net margin of 6.86% and a return on equity of 16.75%. The firm had revenue of $677.10 million during the quarter.

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.