MasterBrand, Inc. (NYSE:MBC) Director Acquires $99,034.13 in Stock

MasterBrand, Inc. (NYSE:MBC - Get Free Report) Director Juliana L. Chugg purchased 6,989 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $14.17 per share, with a total value of $99,034.13. Following the completion of the acquisition, the director now owns 33,424 shares in the company, valued at $473,618.08. This represents a 26.44 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

MasterBrand Stock Up 0.8 %

NYSE MBC traded up $0.11 during mid-day trading on Friday, reaching $13.97. 1,363,441 shares of the company's stock traded hands, compared to its average volume of 1,067,627. MasterBrand, Inc. has a 1-year low of $13.80 and a 1-year high of $20.67. The company has a fifty day simple moving average of $15.88 and a 200-day simple moving average of $16.64. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 14.40 and a beta of 1.58.

MasterBrand (NYSE:MBC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). MasterBrand had a net margin of 4.66% and a return on equity of 13.89%. The business had revenue of $667.70 million for the quarter, compared to analyst estimates of $722.85 million.

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Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in MasterBrand during the 3rd quarter worth $872,000. Foundry Partners LLC acquired a new position in shares of MasterBrand in the 3rd quarter worth approximately $4,952,000. Vestcor Inc grew its position in shares of MasterBrand by 329.0% in the 3rd quarter. Vestcor Inc now owns 40,815 shares of the company's stock worth $757,000 after acquiring an additional 31,300 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of MasterBrand in the 3rd quarter worth approximately $1,669,000. Finally, Empowered Funds LLC grew its position in shares of MasterBrand by 5.1% in the 4th quarter. Empowered Funds LLC now owns 650,450 shares of the company's stock worth $9,503,000 after acquiring an additional 31,714 shares in the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Loop Capital decreased their target price on MasterBrand from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th.

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.