Teacher Retirement System of Texas Purchases 856,342 Shares of MasterBrand, Inc. $MBC

Teacher Retirement System of Texas lifted its holdings in MasterBrand, Inc. (NYSE:MBC) by 80.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,924,823 shares of the company’s stock after purchasing an additional 856,342 shares during the period. Teacher Retirement System of Texas owned about 1.52% of MasterBrand worth $25,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pzena Investment Management LLC increased its holdings in MasterBrand by 45.3% during the second quarter. Pzena Investment Management LLC now owns 4,154,751 shares of the company’s stock valued at $45,411,000 after buying an additional 1,295,267 shares during the last quarter. Boston Partners increased its stake in shares of MasterBrand by 5.8% in the 2nd quarter. Boston Partners now owns 8,280,239 shares of the company’s stock worth $90,632,000 after purchasing an additional 452,533 shares in the last quarter. Peregrine Capital Management LLC purchased a new stake in shares of MasterBrand in the 3rd quarter worth $5,390,000. Nixon Capital LLC raised its holdings in MasterBrand by 40.1% in the 3rd quarter. Nixon Capital LLC now owns 1,230,596 shares of the company’s stock worth $16,207,000 after purchasing an additional 352,489 shares during the period. Finally, CSM Advisors LLC purchased a new position in MasterBrand during the second quarter valued at $2,793,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.

MasterBrand Trading Down 3.9%

Shares of MBC stock opened at $12.57 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.13 and a current ratio of 1.87. The stock has a fifty day simple moving average of $11.42 and a two-hundred day simple moving average of $12.06. The firm has a market capitalization of $1.59 billion, a PE ratio of 19.63 and a beta of 1.46. MasterBrand, Inc. has a 52-week low of $9.33 and a 52-week high of $18.15.

MasterBrand (NYSE:MBC) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). MasterBrand had a return on equity of 10.88% and a net margin of 3.00%.The business had revenue of $698.90 million during the quarter, compared to the consensus estimate of $678.60 million. During the same period last year, the company earned $0.40 EPS. The business’s revenue was down 2.7% on a year-over-year basis. MasterBrand has set its FY 2025 guidance at 1.010-1.130 EPS.

Analyst Ratings Changes

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

MasterBrand Company Profile

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.