MasterBrand, Inc. (NYSE:MBC) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in MasterBrand, Inc. (NYSE:MBC - Free Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,591,444 shares of the company's stock after selling 719,460 shares during the quarter. Vanguard Group Inc. owned 7.55% of MasterBrand worth $140,131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of MasterBrand by 150.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company's stock worth $37,000 after acquiring an additional 1,549 shares in the last quarter. Public Employees Retirement System of Ohio increased 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 raised its position in shares of MasterBrand by 52.0% in 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 in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of 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 buying an additional 1,364 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of MasterBrand during the 4th quarter valued at approximately $150,000. 87.32% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at MasterBrand

In related news, Director Robert Crisci acquired 20,000 shares of MasterBrand stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $14.08 per share, for a total transaction of $281,600.00. Following the transaction, the director now directly owns 66,435 shares of the company's stock, valued at $935,404.80. This trade represents a 43.07 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Juliana L. Chugg bought 6,989 shares of the company's stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $14.17 per share, for a total transaction of $99,034.13. Following the completion of the transaction, the director now directly owns 33,424 shares of the company's stock, valued at $473,618.08. This trade represents a 26.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.38% of the company's stock.

Wall Street Analyst Weigh In

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

MasterBrand Stock Up 3.8 %

Shares of MBC stock traded up $0.44 during trading hours on Friday, hitting $12.20. 1,351,295 shares of the company were exchanged, compared to its average volume of 923,989. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 12.58 and a beta of 1.70. MasterBrand, Inc. has a one year low of $10.84 and a one year high of $20.67. The business's 50-day simple moving average is $14.01 and its two-hundred day simple moving average is $15.88. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.65.

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

MasterBrand declared that its board has initiated a share repurchase plan on Monday, March 17th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

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.