MasterBrand, Inc. (NYSE:MBC - Get Free Report) Director Robert Crisci acquired 20,000 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $14.08 per share, with a total value of $281,600.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
MasterBrand Stock Down 0.4 %
Shares of NYSE:MBC opened at $13.14 on Wednesday. The firm has a market cap of $1.68 billion, a P/E ratio of 13.55 and a beta of 1.58. MasterBrand, Inc. has a 12-month low of $12.68 and a 12-month high of $20.67. The business has a fifty day simple moving average of $15.84 and a 200 day simple moving average of $16.61. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.78.
MasterBrand (NYSE:MBC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). MasterBrand had a return on equity of 13.89% and a net margin of 4.66%. The company had revenue of $667.70 million for the quarter, compared to the consensus estimate of $722.85 million.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of MBC. Smartleaf Asset Management LLC increased its position in shares of MasterBrand by 150.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company's stock worth $37,000 after buying an additional 1,549 shares during the period. Quest Partners LLC grew its holdings in 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 raised its position in shares of MasterBrand by 52.4% in 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 in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of MasterBrand by 39.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company's stock valued at $89,000 after purchasing an additional 1,364 shares during the period. Finally, KBC Group NV boosted its position in shares of MasterBrand by 52.0% during the 4th quarter. KBC Group NV now owns 5,800 shares of the company's stock valued at $85,000 after purchasing an additional 1,983 shares in the last quarter. Institutional investors and hedge funds own 87.32% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Loop Capital reduced their target price on shares of MasterBrand from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th.
Get Our Latest Analysis on MasterBrand
About MasterBrand
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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.
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