MasterBrand, Inc. (NYSE:MBC) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) by 18.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,092,694 shares of the company's stock after buying an additional 330,874 shares during the period. Charles Schwab Investment Management Inc. owned about 1.65% of MasterBrand worth $38,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MBC. Arizona State Retirement System raised its holdings in shares of MasterBrand by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 35,554 shares of the company's stock worth $522,000 after acquiring an additional 717 shares during the period. Quest Partners LLC grew its position in MasterBrand by 33.3% in the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company's stock valued at $61,000 after acquiring an additional 821 shares in the last quarter. GAMMA Investing LLC grew its position 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 buying an additional 890 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of MasterBrand by 1.5% during the second quarter. Wedge Capital Management L L P NC now owns 63,799 shares of the company's stock worth $937,000 after buying an additional 942 shares in the last quarter. Finally, North Growth Management Ltd. grew its position in shares of MasterBrand by 0.6% during the third quarter. North Growth Management Ltd. now owns 180,000 shares of the company's stock worth $3,336,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 87.32% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Loop Capital boosted their target price on MasterBrand from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th.

MasterBrand Stock Performance

Shares of NYSE:MBC traded down $0.08 during trading on Tuesday, reaching $17.24. The company had a trading volume of 454,327 shares, compared to its average volume of 915,164. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 15.12 and a beta of 1.35. 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 stock's fifty day moving average price is $17.72 and its 200 day moving average price is $16.59. MasterBrand, Inc. has a fifty-two week low of $13.37 and a fifty-two week high of $20.67.

MasterBrand (NYSE:MBC - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.06. The business 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%.

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 that occurred on Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total transaction of $280,544.55. Following the completion of the sale, the director now owns 45,520 shares in the company, valued at $726,044. This trade represents a 27.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark A. Young sold 4,715 shares of the stock in a transaction that occurred 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. Over the last 90 days, insiders have sold 22,806 shares of company stock valued at $365,567. Insiders own 1.38% of the company's stock.

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.