Hennessy Advisors Inc. Grows Stock Position in MasterBrand, Inc. (NYSE:MBC)

Hennessy Advisors Inc. increased its holdings in shares of MasterBrand, Inc. (NYSE:MBC) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 549,900 shares of the company’s stock after buying an additional 35,100 shares during the quarter. Hennessy Advisors Inc. owned about 0.43% of MasterBrand worth $8,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Quest Partners LLC increased its stake in MasterBrand by 33.3% during the third quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock worth $61,000 after acquiring an additional 821 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of MasterBrand by 46.3% in the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock valued at $52,000 after buying an additional 890 shares in the last quarter. North Growth Management Ltd. grew its stake in MasterBrand by 0.6% during the 3rd quarter. North Growth Management Ltd. now owns 180,000 shares of the company’s stock valued at $3,336,000 after purchasing an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in MasterBrand by 1.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 94,554 shares of the company’s stock valued at $1,753,000 after purchasing an additional 1,107 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in MasterBrand by 8.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,952 shares of the company’s stock valued at $205,000 after purchasing an additional 1,115 shares in the last quarter. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

MasterBrand Stock Up 1.4 %

MBC opened at $16.86 on Friday. MasterBrand, Inc. has a 12 month low of $13.37 and a 12 month high of $20.67. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02. The stock has a market cap of $2.14 billion, a P/E ratio of 14.79 and a beta of 1.55. The stock’s 50 day moving average price is $16.02 and its 200 day moving average price is $16.53.

MasterBrand (NYSE:MBC) last posted its earnings results on Tuesday, November 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%. 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.