208,479 Shares in MasterBrand, Inc. (NYSE:MBC) Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans acquired a new position in shares of MasterBrand, Inc. (NYSE:MBC – Get Rating) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 208,479 shares of the company’s stock, valued at approximately $1,574,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new position in shares of MasterBrand during the 4th quarter worth about $30,000. Atwood & Palmer Inc. acquired a new stake in shares of MasterBrand in the 4th quarter valued at about $36,000. IFP Advisors Inc acquired a new stake in shares of MasterBrand in the 4th quarter valued at about $47,000. Asset Management One Co. Ltd. acquired a new stake in shares of MasterBrand in the 4th quarter valued at about $49,000. Finally, DB Fitzpatrick & Co Inc acquired a new stake in shares of MasterBrand in the 4th quarter valued at about $54,000.

Wall Street Analysts Forecast Growth

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

MasterBrand Stock Up 0.6 %

MBC opened at $10.86 on Friday. The firm’s 50 day moving average is $8.28. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.88. MasterBrand, Inc. has a 52 week low of $7.08 and a 52 week high of $15.00.

MasterBrand (NYSE:MBC – Get Rating) last posted its quarterly earnings data on Tuesday, March 7th. The company reported $0.52 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.