Raymond James & Associates Buys 16,335 Shares of MasterBrand, Inc. (NYSE:MBC)

Raymond James & Associates increased its stake in MasterBrand, Inc. (NYSE:MBC) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,054 shares of the company’s stock after purchasing an additional 16,335 shares during the quarter. Raymond James & Associates owned approximately 0.07% of MasterBrand worth $1,308,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. State of Wyoming bought a new stake in MasterBrand during the fourth quarter valued at about $25,000. Tower Research Capital LLC TRC raised its holdings in MasterBrand by 226.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,686 shares of the company’s stock valued at $31,000 after acquiring an additional 1,864 shares during the period. Macquarie Group Ltd. bought a new stake in MasterBrand during the fourth quarter valued at about $33,000. MetLife Investment Management LLC bought a new stake in shares of MasterBrand in the fourth quarter worth about $34,000. Finally, Penserra Capital Management LLC bought a new stake in shares of MasterBrand in the fourth quarter worth about $34,000. 87.32% of the stock is owned by institutional investors.

MasterBrand Trading Up 0.6 %

Shares of MBC stock opened at $16.63 on Friday. MasterBrand, Inc. has a 12-month low of $7.32 and a 12-month high of $19.07. The company has a current ratio of 1.94, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average price is $17.27 and its 200-day moving average price is $14.72. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 11.88 and a beta of 1.63.

MasterBrand (NYSE:MBC) last issued its earnings results on Monday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. The firm had revenue of $677.10 million for the quarter. MasterBrand had a return on equity of 17.24% and a net margin of 6.68%.

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.