KBC Group NV Raises Holdings in MasterBrand, Inc. (NYSE:MBC)

KBC Group NV increased its position in MasterBrand, Inc. (NYSE:MBC) by 52.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,800 shares of the company’s stock after purchasing an additional 1,983 shares during the period. KBC Group NV’s holdings in MasterBrand were worth $85,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MBC. Thrivent Financial for Lutherans lifted its stake in MasterBrand by 11.8% in the third quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company’s stock valued at $91,329,000 after buying an additional 518,443 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of MasterBrand by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,400,366 shares of the company’s stock valued at $63,053,000 after acquiring an additional 135,693 shares during the period. Pzena Investment Management LLC raised its position in MasterBrand by 1.3% in the 3rd quarter. Pzena Investment Management LLC now owns 2,838,716 shares of the company’s stock valued at $52,630,000 after purchasing an additional 35,497 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in MasterBrand by 18.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,092,694 shares of the company’s stock worth $38,799,000 after purchasing an additional 330,874 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in MasterBrand by 58.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,425,966 shares of the company’s stock worth $26,437,000 after purchasing an additional 528,537 shares during the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.

MasterBrand Stock Down 3.1 %

MasterBrand stock opened at $16.68 on Monday. The stock has a 50 day moving average of $16.10 and a two-hundred day moving average of $16.74. MasterBrand, Inc. has a twelve month low of $13.90 and a twelve month high of $20.67. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 14.63 and a beta of 1.58. The company has a current ratio of 1.82, a quick ratio of 1.02 and a debt-to-equity ratio of 0.83.

Wall Street Analyst Weigh In

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

MasterBrand Company 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.