MasterBrand, Inc. $MBC Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 37.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,754 shares of the company’s stock after selling 70,938 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of MasterBrand worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust boosted its stake in shares of MasterBrand by 18.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 5,178 shares of the company’s stock worth $68,000 after acquiring an additional 821 shares in the last quarter. GAMMA Investing LLC raised its holdings in MasterBrand by 52.4% during the third quarter. GAMMA Investing LLC now owns 3,268 shares of the company’s stock worth $43,000 after purchasing an additional 1,123 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in MasterBrand by 1.4% during the second quarter. Gamco Investors INC. ET AL now owns 88,754 shares of the company’s stock worth $970,000 after purchasing an additional 1,230 shares in the last quarter. CWM LLC grew its holdings in MasterBrand by 57.5% in the third quarter. CWM LLC now owns 3,414 shares of the company’s stock valued at $45,000 after purchasing an additional 1,247 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of MasterBrand by 3.4% in the third quarter. Amalgamated Bank now owns 37,519 shares of the company’s stock valued at $494,000 after buying an additional 1,250 shares in the last quarter. 87.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MBC shares. Wall Street Zen lowered shares of MasterBrand from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of MasterBrand in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.00.

MasterBrand Price Performance

NYSE:MBC opened at $12.15 on Friday. MasterBrand, Inc. has a 12-month low of $9.33 and a 12-month high of $17.71. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 18.98 and a beta of 1.46. The company’s 50-day moving average is $11.65 and its two-hundred day moving average is $12.07. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 0.69.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $698.90 million for the quarter, compared to analysts’ expectations of $678.60 million. MasterBrand had a return on equity of 10.88% and a net margin of 3.00%.The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. MasterBrand has set its FY 2025 guidance at 1.010-1.130 EPS.

About MasterBrand

MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.

MasterBrand’s product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.