Insider Buying: MasterBrand, Inc. (NYSE:MBC) Director Purchases 20,000 Shares of Stock

MasterBrand, Inc. (NYSE:MBC - Get Free Report) Director Robert Crisci purchased 20,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $14.08 per share, with a total value of $281,600.00. Following the completion of the acquisition, the director now directly owns 66,435 shares in the company, valued at $935,404.80. The trade was a 43.07 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

MasterBrand Price Performance

MasterBrand stock traded down $0.06 on Friday, reaching $13.74. The company's stock had a trading volume of 971,306 shares, compared to its average volume of 1,106,062. MasterBrand, Inc. has a twelve month low of $12.68 and a twelve month high of $20.67. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 14.16 and a beta of 1.77. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.65. The business's fifty day moving average price is $15.80 and its 200 day moving average price is $16.57.

MasterBrand (NYSE:MBC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.21 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.

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Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MBC. Smartleaf Asset Management LLC increased its stake in shares of MasterBrand by 150.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company's stock valued at $37,000 after buying an additional 1,549 shares during the period. Quest Partners LLC increased its position in MasterBrand by 33.3% in the third quarter. Quest Partners LLC now owns 3,285 shares of the company's stock worth $61,000 after purchasing an additional 821 shares during the period. Public Employees Retirement System of Ohio raised its holdings in MasterBrand by 52.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company's stock worth $66,000 after purchasing an additional 1,216 shares during the last quarter. KBC Group NV lifted its position in 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 during the period. Finally, TD Private Client Wealth LLC lifted its position in MasterBrand by 39.9% during 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. Institutional investors own 87.32% 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.