Raymond James Financial Services Advisors Inc. Increases Stake in MasterBrand, Inc. (NYSE:MBC)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,848 shares of the company’s stock after acquiring an additional 3,801 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in MasterBrand were worth $295,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Factorial Partners LLC lifted 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 acquiring an additional 2,000 shares during the period. Vanguard Group Inc. raised its holdings in MasterBrand by 3.9% in the third quarter. Vanguard Group Inc. now owns 10,155,860 shares of the company’s stock valued at $123,394,000 after buying an additional 377,278 shares during the period. Mackenzie Financial Corp raised its holdings in MasterBrand by 44.8% in the third quarter. Mackenzie Financial Corp now owns 21,353 shares of the company’s stock valued at $244,000 after buying an additional 6,606 shares during the period. Illinois Municipal Retirement Fund purchased a new position in MasterBrand in the third quarter valued at approximately $945,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in MasterBrand by 0.4% in the third 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 hedge funds and other institutional investors.

MasterBrand Trading Up 1.1 %

NYSE MBC opened at $16.81 on Tuesday. MasterBrand, Inc. has a one year low of $7.32 and a one year high of $19.07. The company’s 50 day moving average price is $17.31 and its 200 day moving average price is $14.81. 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 has a market capitalization of $2.13 billion, a price-to-earnings ratio of 12.01 and a beta of 1.63.

MasterBrand (NYSE:MBC) last posted 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. MasterBrand had a net margin of 6.68% and a return on equity of 17.24%. The firm had revenue of $677.10 million for 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.