MasterBrand, Inc. (NYSE:MBC) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in shares of MasterBrand, Inc. (NYSE:MBC) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,263 shares of the company’s stock after purchasing an additional 15,439 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.08% of MasterBrand worth $1,489,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in MasterBrand by 25.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,497,739 shares of the company’s stock worth $51,943,000 after buying an additional 707,968 shares during the last quarter. Norges Bank purchased a new position in shares of MasterBrand during the fourth quarter worth approximately $8,775,000. Vanguard Group Inc. increased its holdings in shares of MasterBrand by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 10,155,860 shares of the company’s stock valued at $123,394,000 after acquiring an additional 377,278 shares during the period. Goldman Sachs Group Inc. boosted its stake in MasterBrand by 23.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,797,378 shares of the company’s stock worth $26,691,000 after purchasing an additional 338,497 shares during the period. Finally, ING Groep NV acquired a new stake in MasterBrand during the 4th quarter worth $2,079,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

MasterBrand Trading Down 1.1 %

NYSE MBC opened at $14.91 on Friday. The firm’s fifty day moving average is $16.39 and its two-hundred day moving average is $16.08. MasterBrand, Inc. has a one year low of $10.53 and a one year high of $19.07. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.34 and a current ratio of 2.06. The firm has a market cap of $1.89 billion, a PE ratio of 10.50 and a beta of 1.69.

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