Royce & Associates LP Buys 321,687 Shares of MasterBrand, Inc. (NYSE:MBC)

Royce & Associates LP increased its stake in MasterBrand, Inc. (NYSE:MBC - Free Report) by 699.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 367,655 shares of the company's stock after purchasing an additional 321,687 shares during the period. Royce & Associates LP owned 0.29% of MasterBrand worth $6,816,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of MasterBrand by 3.4% in the first quarter. Vanguard Group Inc. now owns 10,646,110 shares of the company's stock valued at $199,508,000 after buying an additional 346,346 shares during the period. Dimensional Fund Advisors LP boosted its position in MasterBrand by 12.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company's stock worth $66,738,000 after purchasing an additional 497,327 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of MasterBrand by 11.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 4,407,605 shares of the company's stock worth $64,703,000 after buying an additional 448,840 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of MasterBrand by 7.0% during the second quarter. Renaissance Technologies LLC now owns 1,442,018 shares of the company's stock worth $21,169,000 after buying an additional 94,800 shares during the last quarter. Finally, Bridgeway Capital Management LLC acquired a new stake in MasterBrand during the first quarter worth about $20,894,000. Institutional investors and hedge funds own 87.32% of the company's stock.

Wall Street Analyst Weigh In

Separately, Loop Capital lifted 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.

MasterBrand Stock Down 0.7 %

Shares of MasterBrand stock traded down $0.11 on Monday, hitting $16.79. The company had a trading volume of 574,739 shares, compared to its average volume of 925,067. The stock has a 50-day moving average of $17.71 and a 200-day moving average of $16.59. MasterBrand, Inc. has a twelve month low of $12.86 and a twelve month high of $20.67. The firm has a market capitalization of $2.13 billion, a P/E ratio of 14.87 and a beta of 1.53. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02.

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

Insider Buying and Selling at MasterBrand

In other news, Director Ann F. Hackett sold 17,589 shares of MasterBrand stock in a transaction 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 completion of the sale, the director now owns 45,520 shares in the company, valued at $726,044. The trade was a 27.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mark A. Young sold 4,715 shares of the business's stock in a transaction on Friday, September 13th. The shares were 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 $737,266.84. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,806 shares of company stock valued at $365,567 in the last three months. Corporate insiders own 1.38% of the company's stock.

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.