New York State Common Retirement Fund Has $1.38 Million Stock Position in MasterBrand, Inc. $MBC

New York State Common Retirement Fund lifted its stake in MasterBrand, Inc. (NYSE:MBC) by 166.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,480 shares of the company’s stock after purchasing an additional 65,300 shares during the period. New York State Common Retirement Fund’s holdings in MasterBrand were worth $1,376,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC grew its position in shares of MasterBrand by 45.3% during the 2nd quarter. Pzena Investment Management LLC now owns 4,154,751 shares of the company’s stock worth $45,411,000 after buying an additional 1,295,267 shares during the period. Teacher Retirement System of Texas raised its holdings in MasterBrand by 80.1% in the third quarter. Teacher Retirement System of Texas now owns 1,924,823 shares of the company’s stock worth $25,350,000 after purchasing an additional 856,342 shares during the period. Boston Partners grew its holdings in shares of MasterBrand by 5.8% in the 2nd quarter. Boston Partners now owns 8,280,239 shares of the company’s stock valued at $90,632,000 after buying an additional 452,533 shares during the period. Peregrine Capital Management LLC bought a new stake in shares of MasterBrand in the 3rd quarter valued at $5,390,000. Finally, Nixon Capital LLC lifted its holdings in MasterBrand by 40.1% during the third quarter. Nixon Capital LLC now owns 1,230,596 shares of the company’s stock worth $16,207,000 after acquiring an additional 352,489 shares in the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.

MasterBrand Stock Performance

Shares of MBC opened at $13.44 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.13. The firm has a 50-day moving average of $11.91 and a 200-day moving average of $12.15. The company has a market cap of $1.70 billion, a PE ratio of 21.00 and a beta of 1.45. MasterBrand, Inc. has a one year low of $9.33 and a one year high of $17.09.

Analyst Ratings Changes

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

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.