Wedge Capital Management L L P NC Raises Stake in MasterBrand, Inc. (NYSE:MBC)

Wedge Capital Management L L P NC increased its holdings in shares of MasterBrand, Inc. (NYSE:MBC) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,799 shares of the company’s stock after acquiring an additional 942 shares during the period. Wedge Capital Management L L P NC owned approximately 0.05% of MasterBrand worth $937,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SageView Advisory Group LLC bought a new stake in shares of MasterBrand during the 1st quarter valued at $25,000. Covestor Ltd grew its holdings in MasterBrand by 71.4% during the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock valued at $30,000 after purchasing an additional 665 shares during the period. GAMMA Investing LLC increased its position in MasterBrand by 51.2% in the first quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock worth $41,000 after buying an additional 748 shares in the last quarter. Mather Group LLC. bought a new position in shares of MasterBrand in the first quarter worth about $43,000. Finally, Riverview Trust Co purchased a new position in shares of MasterBrand during the 1st quarter valued at about $87,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.

MasterBrand Stock Performance

Shares of NYSE:MBC traded up $0.03 during mid-day trading on Friday, reaching $15.73. 161,431 shares of the company traded hands, compared to its average volume of 952,685. 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, Inc. has a 52 week low of $10.53 and a 52 week high of $19.07. The firm has a market cap of $2.00 billion, a PE ratio of 11.06 and a beta of 1.51. The company’s 50 day moving average price is $15.72 and its 200-day moving average price is $16.37.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. MasterBrand had a net margin of 6.86% and a return on equity of 16.75%. The firm had revenue of $676.50 million during the quarter.

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.