Healthcare of Ontario Pension Plan Trust Fund Takes Position in MasterBrand, Inc. (NYSE:MBC)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in MasterBrand, Inc. (NYSE:MBC) during the 1st quarter, Holdings Channel reports. The fund purchased 65,000 shares of the company’s stock, valued at approximately $1,218,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. UniSuper Management Pty Ltd bought a new position in MasterBrand in the first quarter worth approximately $402,000. Covestor Ltd increased its holdings in shares of MasterBrand by 71.4% in the 1st quarter. Covestor Ltd now owns 1,596 shares of the company’s stock valued at $30,000 after acquiring an additional 665 shares during the period. Vanguard Group Inc. raised its position in shares of MasterBrand by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 10,646,110 shares of the company’s stock worth $199,508,000 after acquiring an additional 346,346 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of MasterBrand by 56.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 49,518 shares of the company’s stock worth $910,000 after purchasing an additional 17,770 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new position in MasterBrand in the first quarter valued at about $25,000. Institutional investors own 87.32% of the company’s stock.

MasterBrand Stock Up 3.2 %

MasterBrand stock traded up $0.53 during trading hours on Thursday, reaching $17.21. The stock had a trading volume of 955,968 shares, compared to its average volume of 962,309. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 11.74 and a beta of 1.58. The business’s 50 day moving average price is $15.68 and its 200-day moving average price is $16.17. MasterBrand, Inc. has a 52 week low of $10.53 and a 52 week high of $19.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.06 and a quick ratio of 1.34.

MasterBrand (NYSE:MBC) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.29 EPS for the quarter. MasterBrand had a net margin of 6.86% and a return on equity of 16.75%. The firm had revenue of $638.10 million during the quarter.

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.