MasterBrand, Inc. (NYSE:MBC) Shares Sold by Commerce Bank

Commerce Bank reduced its holdings in MasterBrand, Inc. (NYSE:MBC) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,138 shares of the company’s stock after selling 1,251 shares during the quarter. Commerce Bank’s holdings in MasterBrand were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MBC. Quest Partners LLC acquired a new position in shares of MasterBrand in the 2nd quarter valued at $36,000. GAMMA Investing LLC boosted its holdings in MasterBrand by 46.3% in the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock valued at $52,000 after acquiring an additional 890 shares during the last quarter. nVerses Capital LLC purchased a new stake in MasterBrand during the second quarter valued at about $75,000. Optimum Investment Advisors grew its position in MasterBrand by 1,700.0% during the third quarter. Optimum Investment Advisors now owns 9,000 shares of the company’s stock valued at $167,000 after acquiring an additional 8,500 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in MasterBrand during the second quarter worth about $161,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

MasterBrand Price Performance

MasterBrand stock opened at $17.91 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2.28 billion, a P/E ratio of 15.71 and a beta of 1.53. The firm has a fifty day moving average of $17.82 and a 200-day moving average of $16.58. MasterBrand, Inc. has a 52-week low of $13.16 and a 52-week high of $20.67.

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

Insiders Place Their Bets

In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the transaction, the director now owns 45,520 shares in the company, valued at $726,044. The trade was a 27.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $16.33, for a total transaction of $76,995.95. Following the completion of the transaction, the chief accounting officer now directly owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. The trade was a 9.46 % 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 in the last 90 days. 1.38% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.