TD Private Client Wealth LLC Acquires 1,364 Shares of MasterBrand, Inc. (NYSE:MBC)

TD Private Client Wealth LLC increased its holdings in MasterBrand, Inc. (NYSE:MBC) by 39.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,783 shares of the company’s stock after purchasing an additional 1,364 shares during the quarter. TD Private Client Wealth LLC’s holdings in MasterBrand were worth $89,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MBC. Thrivent Financial for Lutherans boosted its position in MasterBrand by 11.8% during the third quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company’s stock valued at $91,329,000 after acquiring an additional 518,443 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in MasterBrand by 12.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company’s stock valued at $66,738,000 after acquiring an additional 497,327 shares during the last quarter. Geode Capital Management LLC boosted its position in MasterBrand by 4.2% during the third quarter. Geode Capital Management LLC now owns 3,400,366 shares of the company’s stock valued at $63,053,000 after acquiring an additional 135,693 shares during the last quarter. Pzena Investment Management LLC boosted its position in MasterBrand by 1.3% during the third quarter. Pzena Investment Management LLC now owns 2,838,716 shares of the company’s stock valued at $52,630,000 after acquiring an additional 35,497 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in MasterBrand by 18.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,092,694 shares of the company’s stock valued at $38,799,000 after acquiring an additional 330,874 shares during the last quarter. Institutional investors own 87.32% of the company’s stock.

Wall Street Analyst Weigh In

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

MasterBrand Stock Performance

Shares of MBC opened at $16.23 on Monday. The firm’s fifty day simple moving average is $17.48 and its two-hundred day simple moving average is $16.62. MasterBrand, Inc. has a 12 month low of $13.37 and a 12 month high of $20.67. The stock has a market capitalization of $2.06 billion, a P/E ratio of 14.24 and a beta of 1.35. The company has a current ratio of 1.82, a quick ratio of 1.02 and a debt-to-equity ratio of 0.83.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. MasterBrand had a net margin of 5.46% and a return on equity of 15.51%. The firm had revenue of $718.10 million for 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.