Orion Portfolio Solutions LLC Has $269,000 Position in MasterBrand, Inc. (NYSE:MBC)

Orion Portfolio Solutions LLC reduced its position in shares of MasterBrand, Inc. (NYSE:MBC) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,493 shares of the company’s stock after selling 758 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in MasterBrand were worth $269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Arizona State Retirement System boosted its holdings in MasterBrand by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 35,554 shares of the company’s stock worth $522,000 after acquiring an additional 717 shares during the last quarter. Quest Partners LLC lifted its stake in MasterBrand by 33.3% in the third quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock valued at $61,000 after purchasing an additional 821 shares during the last quarter. GAMMA Investing LLC grew its holdings in MasterBrand by 46.3% during the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock valued at $52,000 after purchasing an additional 890 shares during the period. North Growth Management Ltd. raised its stake in shares of MasterBrand by 0.6% in the third quarter. North Growth Management Ltd. now owns 180,000 shares of the company’s stock valued at $3,336,000 after buying an additional 1,000 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in MasterBrand by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the company’s stock valued at $938,000 after acquiring an additional 1,100 shares during the period. Institutional investors and hedge funds own 87.32% of the company’s stock.

Wall Street Analyst Weigh In

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

MasterBrand Trading Down 2.2 %

NYSE MBC opened at $14.61 on Friday. The stock’s 50-day simple moving average is $17.32 and its two-hundred day simple moving average is $16.60. MasterBrand, Inc. has a twelve month low of $13.37 and a twelve month high of $20.67. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 12.82 and a beta of 1.35.

MasterBrand (NYSE:MBC) last released its earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share for the quarter, beating 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 company had revenue of $718.10 million during the quarter.

MasterBrand 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.