Segall Bryant & Hamill LLC Buys Shares of 90,037 MasterBrand, Inc. (NYSE:MBC)

Segall Bryant & Hamill LLC bought a new stake in MasterBrand, Inc. (NYSE:MBC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 90,037 shares of the company's stock, valued at approximately $1,669,000. Segall Bryant & Hamill LLC owned about 0.07% of MasterBrand at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MBC. Bridgeway Capital Management LLC acquired a new position in MasterBrand in the 1st quarter valued at about $20,894,000. Mawer Investment Management Ltd. purchased a new stake in shares of MasterBrand during the second quarter worth approximately $9,873,000. Thrivent Financial for Lutherans lifted its holdings in shares of MasterBrand by 11.8% during the third quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company's stock worth $91,329,000 after purchasing an additional 518,443 shares during the period. Dimensional Fund Advisors LP grew its position in MasterBrand by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company's stock valued at $66,738,000 after buying an additional 497,327 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in MasterBrand in the 2nd quarter valued at $6,710,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MasterBrand

In other news, Director Ann F. Hackett sold 17,589 shares of MasterBrand stock in a transaction dated Wednesday, September 11th. The shares were 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 directly owns 45,520 shares in the company, valued at $726,044. The trade was a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mark A. Young sold 4,715 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 45,148 shares of the company's stock, valued at approximately $737,266.84. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,806 shares of company stock worth $365,567. 1.38% of the stock is owned by corporate insiders.

MasterBrand Price Performance

Shares of MBC stock traded up $0.48 during midday trading on Friday, reaching $17.19. 656,832 shares of the company traded hands, compared to its average volume of 874,240. The firm's 50 day simple moving average is $17.80 and its two-hundred day simple moving average is $16.57. The firm has a market cap of $2.18 billion, a PE ratio of 15.08 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, Inc. has a 1-year low of $13.16 and a 1-year high of $20.67.

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

Analyst Upgrades and Downgrades

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

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.