MasterBrand, Inc. (NYSE:MBC) Shares Acquired by Royce & Associates LP

Royce & Associates LP lifted its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 699.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 367,655 shares of the company’s stock after buying an additional 321,687 shares during the quarter. Royce & Associates LP’s holdings in MasterBrand were worth $6,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MBC. State Board of Administration of Florida Retirement System grew its position in MasterBrand by 246.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 154,393 shares of the company’s stock worth $2,893,000 after buying an additional 109,860 shares during the period. Vanguard Group Inc. grew its holdings in shares of MasterBrand by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 10,646,110 shares of the company’s stock worth $199,508,000 after acquiring an additional 346,346 shares during the period. Jane Street Group LLC increased its stake in MasterBrand by 345.8% in the 1st quarter. Jane Street Group LLC now owns 207,321 shares of the company’s stock valued at $3,885,000 after purchasing an additional 160,812 shares in the last quarter. Sei Investments Co. acquired a new position in MasterBrand during the first quarter worth $643,000. Finally, Mawer Investment Management Ltd. purchased a new stake in MasterBrand during the second quarter worth $9,873,000. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MasterBrand

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 stock was sold at an average price of $15.95, for a total value of $280,544.55. Following the completion of the transaction, the director now directly owns 45,520 shares in the company, valued at approximately $726,044. The trade was a 27.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark A. Young sold 4,715 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $16.33, for a total value of $76,995.95. Following the transaction, the chief accounting officer now directly owns 45,148 shares in the company, valued at approximately $737,266.84. This represents a 9.46 % decrease in their position. 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 Stock Down 0.6 %

MBC stock opened at $16.90 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02. The company’s 50 day simple moving average is $17.71 and its 200-day simple moving average is $16.59. MasterBrand, Inc. has a 12 month low of $12.70 and a 12 month high of $20.67. The firm has a market capitalization of $2.15 billion, a PE ratio of 14.82 and a beta of 1.53.

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.

Wall Street Analysts Forecast Growth

Separately, Loop Capital raised their price target on MasterBrand from $20.00 to $23.00 and gave the company a “buy” rating in a research 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.