Nisa Investment Advisors LLC Increases Stock Holdings in MasterBrand, Inc. (NYSE:MBC)

Nisa Investment Advisors LLC increased its position in MasterBrand, Inc. (NYSE:MBC) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,361 shares of the company’s stock after purchasing an additional 1,561 shares during the period. Nisa Investment Advisors LLC’s holdings in MasterBrand were worth $531,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MBC. GAMMA Investing LLC increased its position in MasterBrand by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock valued at $52,000 after acquiring an additional 890 shares during the period. Quest Partners LLC boosted its position in shares of MasterBrand by 33.3% during the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock worth $61,000 after purchasing an additional 821 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of MasterBrand by 52.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock worth $66,000 after acquiring an additional 1,216 shares during the period. TD Private Client Wealth LLC increased its holdings in MasterBrand by 39.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock valued at $89,000 after acquiring an additional 1,364 shares in the last quarter. Finally, Optimum Investment Advisors lifted its holdings in shares of MasterBrand by 1,700.0% in the third quarter. Optimum Investment Advisors now owns 9,000 shares of the company’s stock valued at $167,000 after purchasing an additional 8,500 shares in the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Loop Capital upped their price objective on MasterBrand from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, October 17th.

MasterBrand Trading Down 2.4 %

Shares of MBC opened at $17.50 on Wednesday. MasterBrand, Inc. has a fifty-two week low of $13.37 and a fifty-two week high of $20.67. The stock has a fifty day moving average of $16.09 and a two-hundred day moving average of $16.72. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.02 and a current ratio of 1.82. The company has a market capitalization of $2.22 billion, a PE ratio of 15.35 and a beta of 1.55.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%. The firm had revenue of $718.10 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.