Pzena Investment Management LLC Buys 9,169 Shares of MasterBrand, Inc. (NYSE:MBC)

Pzena Investment Management LLC raised its stake in MasterBrand, Inc. (NYSE:MBC) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,847,885 shares of the company’s stock after purchasing an additional 9,169 shares during the period. Pzena Investment Management LLC owned approximately 2.24% of MasterBrand worth $41,608,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in MasterBrand by 150.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company’s stock valued at $37,000 after purchasing an additional 1,549 shares during the period. Quest Partners LLC lifted its holdings in shares of MasterBrand by 33.3% during the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock worth $61,000 after acquiring an additional 821 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of MasterBrand by 52.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock worth $66,000 after acquiring an additional 1,216 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of MasterBrand by 39.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock worth $89,000 after acquiring an additional 1,364 shares during the period. Finally, KBC Group NV lifted its holdings in shares of MasterBrand by 52.0% during the 4th quarter. KBC Group NV now owns 5,800 shares of the company’s stock worth $85,000 after acquiring an additional 1,983 shares during the period. 87.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

MasterBrand Price Performance

NYSE:MBC opened at $13.79 on Tuesday. The company has a 50-day moving average of $15.78 and a 200-day moving average of $16.55. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 14.21 and a beta of 1.77. MasterBrand, Inc. has a 52 week low of $12.68 and a 52 week high of $20.67. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.65.

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

Insider Buying and Selling

In other news, Director Robert Crisci bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $14.08 per share, for a total transaction of $281,600.00. Following the transaction, the director now directly owns 66,435 shares of the company’s stock, valued at $935,404.80. This trade represents a 43.07 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Juliana L. Chugg bought 6,989 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $14.17 per share, with a total value of $99,034.13. Following the transaction, the director now directly owns 33,424 shares in the company, valued at $473,618.08. This represents a 26.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.38% of the stock is currently owned by corporate insiders.

MasterBrand Company 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.