MasterBrand, Inc. (NYSE:MBC) Stock Holdings Lifted by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) by 160.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,666 shares of the company's stock after purchasing an additional 112,456 shares during the quarter. Raymond James & Associates owned about 0.14% of MasterBrand worth $3,387,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. SageView Advisory Group LLC acquired a new stake in MasterBrand in the first quarter worth approximately $25,000. Covestor Ltd lifted its holdings in shares of MasterBrand by 71.4% in the first quarter. Covestor Ltd now owns 1,596 shares of the company's stock valued at $30,000 after buying an additional 665 shares during the period. Quest Partners LLC bought a new position in MasterBrand during the second quarter valued at about $36,000. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 890 shares during the period. Finally, nVerses Capital LLC bought a new stake in MasterBrand in the second quarter worth about $75,000. Institutional investors and hedge funds own 87.32% of the company's stock.

MasterBrand Price Performance

MasterBrand stock traded up $0.01 during mid-day trading on Monday, hitting $17.64. The company's stock had a trading volume of 608,685 shares, compared to its average volume of 913,039. The stock has a market capitalization of $2.24 billion, a P/E ratio of 12.78 and a beta of 1.53. MasterBrand, Inc. has a twelve month low of $11.38 and a twelve month high of $19.31. The stock's fifty day moving average price is $17.43 and its two-hundred day moving average price is $16.55. The company has a quick ratio of 1.43, a current ratio of 2.24 and a debt-to-equity ratio of 0.55.

MasterBrand (NYSE:MBC - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. MasterBrand had a return on equity of 16.58% and a net margin of 6.69%. The business had revenue of $676.50 million for the quarter.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at MasterBrand

In other news, Director Ann F. Hackett sold 17,589 shares of MasterBrand stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the transaction, the director now directly owns 45,520 shares of the company's stock, valued at $726,044. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Ann F. Hackett sold 17,589 shares of the firm'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 sale, the director now owns 45,520 shares of the company's stock, valued at $726,044. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction on Friday, September 13th. The shares were sold at an average price of $16.33, for a total value of $76,995.95. Following the transaction, the chief accounting officer now owns 45,148 shares in the company, valued at $737,266.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,806 shares of company stock valued at $365,567. 1.38% of the stock is currently owned by corporate insiders.

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.