Pictet Asset Management Holding SA Decreases Position in MasterBrand, Inc. $MBC

Pictet Asset Management Holding SA trimmed its position in shares of MasterBrand, Inc. (NYSE:MBC) by 13.5% during the fourth quarter, Holdings Channel reports. The firm owned 545,802 shares of the company’s stock after selling 84,861 shares during the quarter. Pictet Asset Management Holding SA’s holdings in MasterBrand were worth $6,026,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MBC. Royal Bank of Canada boosted its position in MasterBrand by 12.8% during the first quarter. Royal Bank of Canada now owns 55,615 shares of the company’s stock worth $726,000 after purchasing an additional 6,298 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in MasterBrand by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,362 shares of the company’s stock worth $984,000 after purchasing an additional 3,292 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in MasterBrand by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,294 shares of the company’s stock worth $19,816,000 after purchasing an additional 59,879 shares in the last quarter. Jane Street Group LLC boosted its position in MasterBrand by 10.7% during the first quarter. Jane Street Group LLC now owns 357,305 shares of the company’s stock worth $4,666,000 after purchasing an additional 34,422 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in MasterBrand by 71.1% during the first quarter. Intech Investment Management LLC now owns 119,325 shares of the company’s stock worth $1,558,000 after purchasing an additional 49,578 shares in the last quarter. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on MBC. Wall Street Zen downgraded MasterBrand from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Weiss Ratings downgraded MasterBrand from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.00.

MasterBrand Stock Down 0.1%

Shares of NYSE:MBC opened at $9.08 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.67 and a debt-to-equity ratio of 0.72. MasterBrand, Inc. has a 52-week low of $7.38 and a 52-week high of $14.22. The stock’s fifty day simple moving average is $8.91 and its 200-day simple moving average is $10.77. The company has a market capitalization of $1.16 billion, a P/E ratio of 45.38 and a beta of 1.55.

MasterBrand (NYSE:MBC) last issued its quarterly earnings data on Tuesday, February 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.16). MasterBrand had a net margin of 0.98% and a return on equity of 8.54%. The company had revenue of $644.60 million during the quarter, compared to analysts’ expectations of $607.60 million. During the same quarter in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year. MasterBrand has set its FY 2026 guidance at -0.060-0.000 EPS.

MasterBrand Company Profile

MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.

MasterBrand’s product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.