47,056 Shares in MasterBrand, Inc. (NYSE:MBC) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in MasterBrand, Inc. (NYSE:MBC - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 47,056 shares of the company's stock, valued at approximately $872,000.

A number of other large investors have also recently made changes to their positions in the company. Quest Partners LLC purchased a new stake in MasterBrand in the 2nd quarter valued at $36,000. GAMMA Investing LLC lifted its holdings in shares of MasterBrand by 46.3% during the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company's stock worth $52,000 after purchasing an additional 890 shares during the period. nVerses Capital LLC purchased a new position in MasterBrand in the 2nd quarter valued at $75,000. Optimum Investment Advisors increased its stake in MasterBrand by 1,700.0% in the 3rd quarter. Optimum Investment Advisors now owns 9,000 shares of the company's stock valued at $167,000 after buying an additional 8,500 shares during the period. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in MasterBrand during the 2nd quarter worth $161,000. 87.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MasterBrand

In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the firm's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total transaction of $280,544.55. Following the sale, the director now directly owns 45,520 shares of the company's stock, valued at $726,044. This trade represents a 27.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the sale, the chief accounting officer now owns 45,148 shares of the company's stock, valued at approximately $737,266.84. This trade represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,806 shares of company stock worth $365,567. 1.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Loop Capital raised their price objective on shares of MasterBrand from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Thursday, October 17th.

MasterBrand Price Performance

Shares of NYSE:MBC traded down $0.08 during trading on Thursday, hitting $17.18. 491,241 shares of the stock were exchanged, compared to its average volume of 920,315. MasterBrand, Inc. has a 12-month low of $13.16 and a 12-month high of $20.67. The company has a market cap of $2.18 billion, a PE ratio of 15.07 and a beta of 1.53. The company has a fifty day moving average price of $17.80 and a two-hundred day moving average price of $16.59. The company has a current ratio of 1.82, a quick ratio of 1.02 and a debt-to-equity ratio of 0.83.

MasterBrand (NYSE:MBC - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.06. The company had revenue of $718.10 million for the quarter. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%.

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.