MasterBrand, Inc. (NYSE:MBC) Director Purchases $99,034.13 in Stock

MasterBrand, Inc. (NYSE:MBC) Director Juliana L. Chugg bought 6,989 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $14.17 per share, for a total transaction of $99,034.13. Following the completion of the acquisition, the director now directly owns 33,424 shares in the company, valued at approximately $473,618.08. The trade was a 26.44 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

MasterBrand Trading Up 0.6 %

MBC traded up $0.09 during trading on Wednesday, reaching $14.45. 443,300 shares of the company’s stock were exchanged, compared to its average volume of 1,030,261. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $1.84 billion, a PE ratio of 14.90 and a beta of 1.58. The firm has a fifty day moving average price of $15.91 and a two-hundred day moving average price of $16.66. MasterBrand, Inc. has a one year low of $13.90 and a one year high of $20.67.

MasterBrand (NYSE:MBC) last issued its earnings results on Tuesday, February 18th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). MasterBrand had a return on equity of 13.89% and a net margin of 4.66%. The firm had revenue of $667.70 million during the quarter, compared to analysts’ expectations of $722.85 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Boston Partners increased its stake in shares of MasterBrand by 82.2% during the fourth quarter. Boston Partners now owns 5,237,123 shares of the company’s stock worth $76,558,000 after purchasing an additional 2,363,308 shares in the last quarter. Gates Capital Management Inc. grew its stake in shares of MasterBrand by 7.5% during the 4th quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company’s stock worth $138,643,000 after purchasing an additional 658,807 shares during the period. Polar Capital Holdings Plc acquired a new position in shares of MasterBrand during the 4th quarter worth $8,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of MasterBrand by 58.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,425,966 shares of the company’s stock valued at $26,437,000 after acquiring an additional 528,537 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of MasterBrand by 11.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company’s stock worth $91,329,000 after purchasing an additional 518,443 shares during the period. 87.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Loop Capital cut their price objective on MasterBrand from $21.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, February 19th.

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.