Amalgamated Bank Has $571,000 Stake in MasterBrand, Inc. (NYSE:MBC)

Amalgamated Bank trimmed its position in MasterBrand, Inc. (NYSE:MBC) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,880 shares of the company’s stock after selling 803 shares during the quarter. Amalgamated Bank’s holdings in MasterBrand were worth $571,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MBC. Norges Bank acquired a new position in shares of MasterBrand in the fourth quarter valued at $8,775,000. Allianz Asset Management GmbH raised its stake in shares of MasterBrand by 45.0% in the fourth quarter. Allianz Asset Management GmbH now owns 210,643 shares of the company’s stock valued at $3,128,000 after purchasing an additional 65,390 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of MasterBrand in the fourth quarter valued at $211,000. Garner Asset Management Corp acquired a new position in shares of MasterBrand in the fourth quarter valued at $92,000. Finally, Brightline Capital Management LLC raised its stake in shares of MasterBrand by 3.0% in the fourth quarter. Brightline Capital Management LLC now owns 963,000 shares of the company’s stock valued at $14,301,000 after purchasing an additional 28,000 shares in the last quarter. 87.32% of the stock is currently owned by institutional investors and hedge funds.

MasterBrand Stock Performance

Shares of NYSE MBC opened at $18.34 on Friday. The business has a fifty day simple moving average of $16.51 and a 200 day simple moving average of $16.57. The company has a current ratio of 2.24, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 12.92 and a beta of 1.49. MasterBrand, Inc. has a one year low of $10.53 and a one year high of $19.10.

MasterBrand (NYSE:MBC) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04. MasterBrand had a return on equity of 16.58% and a net margin of 6.69%. The firm had revenue of $676.50 million during the quarter.

Insiders Place Their Bets

In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total transaction of $280,544.55. Following the completion of the transaction, the director now directly owns 45,520 shares in the company, valued at $726,044. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total transaction of $280,544.55. Following the completion of the transaction, the director now directly owns 45,520 shares in the company, valued at $726,044. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mark A. Young sold 4,715 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $16.33, for a total value of $76,995.95. Following the sale, the chief accounting officer now owns 45,148 shares in the company, valued at approximately $737,266.84. The disclosure for this sale can be found here. Insiders sold 22,806 shares of company stock worth $365,567 over the last three months. 1.38% of the stock is currently owned by corporate insiders.

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.