Davis Selected Advisers Sells 37,240 Shares of MasterBrand, Inc. (NYSE:MBC)

Davis Selected Advisers decreased its position in shares of MasterBrand, Inc. (NYSE:MBC) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 823,506 shares of the company’s stock after selling 37,240 shares during the period. Davis Selected Advisers owned 0.65% of MasterBrand worth $12,089,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its holdings in MasterBrand by 246.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 154,393 shares of the company’s stock worth $2,893,000 after buying an additional 109,860 shares during the period. Goldman Sachs Group Inc. grew its position in shares of MasterBrand by 23.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,797,378 shares of the company’s stock worth $26,691,000 after purchasing an additional 338,497 shares in the last quarter. Vanguard Group Inc. raised its stake in MasterBrand by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 10,646,110 shares of the company’s stock valued at $199,508,000 after purchasing an additional 346,346 shares during the period. Allianz Asset Management GmbH lifted its holdings in MasterBrand by 45.0% in the 4th quarter. Allianz Asset Management GmbH now owns 210,643 shares of the company’s stock worth $3,128,000 after purchasing an additional 65,390 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in MasterBrand in the 4th quarter worth approximately $975,000. 87.32% of the stock is currently owned by institutional investors.

MasterBrand Price Performance

MBC traded up $0.01 during trading on Monday, reaching $15.82. 17,530 shares of the company traded hands, compared to its average volume of 934,167. MasterBrand, Inc. has a 12-month low of $10.53 and a 12-month high of $19.07. The firm has a fifty day simple moving average of $15.92 and a 200 day simple moving average of $16.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 2.24. The company has a market cap of $2.01 billion, a P/E ratio of 11.13 and a beta of 1.50.

MasterBrand (NYSE:MBC) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. The business had revenue of $676.50 million for the quarter. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%.

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.