Treasurer of the State of North Carolina Takes Position in MasterBrand, Inc. (NYSE:MBC)

Treasurer of the State of North Carolina bought a new position in shares of MasterBrand, Inc. (NYSE:MBC – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 56,037 shares of the company’s stock, valued at approximately $423,000.

Several other large investors also recently bought and sold shares of the stock. IFP Advisors Inc acquired a new position in shares of MasterBrand during the fourth quarter worth about $47,000. Eagle Bay Advisors LLC purchased a new position in MasterBrand in the fourth quarter worth approximately $30,000. Atwood & Palmer Inc. acquired a new position in MasterBrand during the 4th quarter worth approximately $36,000. Asset Management One Co. Ltd. purchased a new stake in shares of MasterBrand in the 4th quarter valued at approximately $49,000. Finally, DB Fitzpatrick & Co Inc acquired a new stake in shares of MasterBrand in the 4th quarter valued at $54,000.

MasterBrand Trading Up 0.6 %

MBC opened at $10.86 on Monday. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.88. MasterBrand, Inc. has a one year low of $7.08 and a one year high of $15.00. The firm has a 50-day simple moving average of $8.28.

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

Analyst Upgrades and Downgrades

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

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.