Entropy Technologies LP Increases Stock Position in MasterBrand, Inc. (NYSE:MBC)

Entropy Technologies LP increased its stake in MasterBrand, Inc. (NYSE:MBC) by 69.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,757 shares of the company’s stock after purchasing an additional 7,700 shares during the quarter. Entropy Technologies LP’s holdings in MasterBrand were worth $348,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. SageView Advisory Group LLC acquired a new stake in shares of MasterBrand in the 1st quarter worth approximately $25,000. Covestor Ltd increased its position in shares of MasterBrand by 71.4% in the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock valued at $30,000 after buying an additional 665 shares in the last quarter. Quest Partners LLC acquired a new position in shares of MasterBrand during the 2nd quarter worth $36,000. GAMMA Investing LLC boosted its position in shares of MasterBrand by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock worth $52,000 after buying an additional 890 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in MasterBrand in the 2nd quarter valued at about $75,000. 87.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MasterBrand

In other MasterBrand news, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $16.33, for a total value of $76,995.95. Following the completion of the sale, the chief accounting officer now owns 45,148 shares in the company, valued at $737,266.84. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann F. Hackett sold 17,589 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total transaction of $280,544.55. Following the transaction, the director now owns 45,520 shares in the company, valued at approximately $726,044. The trade was a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,806 shares of company stock worth $365,567 over the last ninety days. 1.38% of the stock is currently owned by corporate insiders.

MasterBrand Price Performance

Shares of NYSE:MBC opened at $16.90 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.02 and a current ratio of 1.82. The business’s fifty day moving average price is $17.71 and its two-hundred day moving average price is $16.59. The stock has a market cap of $2.15 billion, a PE ratio of 14.82 and a beta of 1.53. MasterBrand, Inc. has a one year low of $12.70 and a one year high of $20.67.

MasterBrand (NYSE:MBC) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%. The business had revenue of $718.10 million for the quarter.

Analysts Set New Price Targets

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

About MasterBrand

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.