2,187,640 Shares in MasterBrand, Inc. (NYSE:MBC) Acquired by Davis Selected Advisers

Davis Selected Advisers acquired a new position in MasterBrand, Inc. (NYSE:MBC – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,187,640 shares of the company’s stock, valued at approximately $16,517,000. Davis Selected Advisers owned 1.71% of MasterBrand at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc bought a new stake in shares of MasterBrand during the fourth quarter valued at approximately $47,000. Eagle Bay Advisors LLC bought a new stake in shares of MasterBrand during the fourth quarter valued at approximately $30,000. Atwood & Palmer Inc. bought a new stake in shares of MasterBrand during the fourth quarter valued at approximately $36,000. Pinebridge Investments L.P. bought a new stake in shares of MasterBrand during the fourth quarter valued at approximately $38,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of MasterBrand during the fourth quarter valued at approximately $49,000.

Wall Street Analyst Weigh In

Separately, Loop Capital upgraded MasterBrand from a “hold” rating to a “buy” rating and upped their price target for the stock from $9.00 to $13.00 in a report on Wednesday, May 10th.

MasterBrand Stock Up 0.2 %

Shares of NYSE MBC traded up $0.02 during trading on Friday, reaching $10.70. 292,053 shares of the stock traded hands, compared to its average volume of 1,374,457. MasterBrand, Inc. has a 52-week low of $7.08 and a 52-week high of $15.00. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.08 and a quick ratio of 1.19. The firm has a 50-day moving average of $8.47.

MasterBrand (NYSE:MBC – Get Rating) last issued its quarterly earnings data on Tuesday, March 7th. The company reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $784.40 million for the quarter.

MasterBrand Profile

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MasterBrand, Inc manufactures and sells residential cabinets for the kitchen, bathroom, and other parts of the home in North America. The company is based in Jasper, Indiana.