The Manufacturers Life Insurance Company Increases Stake in MasterBrand, Inc. (NYSE:MBC)

The Manufacturers Life Insurance Company increased its holdings in MasterBrand, Inc. (NYSE:MBC) by 1.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,879 shares of the company’s stock after purchasing an additional 1,216 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of MasterBrand worth $1,026,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MBC. Goldman Sachs Group Inc. boosted its stake in shares of MasterBrand by 23.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,797,378 shares of the company’s stock valued at $26,691,000 after purchasing an additional 338,497 shares in the last quarter. Vanguard Group Inc. raised its holdings in MasterBrand by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 10,299,764 shares of the company’s stock valued at $152,951,000 after buying an additional 143,904 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in MasterBrand by 18.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 100,263 shares of the company’s stock valued at $1,489,000 after buying an additional 15,439 shares during the last quarter. GAMMA Investing LLC raised its holdings in MasterBrand by 51.2% during the 1st quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock valued at $41,000 after buying an additional 748 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in MasterBrand during the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.

MasterBrand Trading Up 3.3 %

NYSE:MBC opened at $17.78 on Friday. The company has a fifty day moving average of $16.59 and a 200 day moving average of $16.53. MasterBrand, Inc. has a 52 week low of $10.53 and a 52 week high of $19.10. The company has a quick ratio of 1.43, a current ratio of 2.24 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $2.26 billion, a P/E ratio of 12.52 and a beta of 1.49.

MasterBrand (NYSE:MBC) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%. The company had revenue of $676.50 million during the quarter.

Insiders Place Their Bets

In other MasterBrand news, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $16.33, for a total value of $76,995.95. Following the completion of the transaction, the chief accounting officer now directly owns 45,148 shares in the company, valued at approximately $737,266.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the company’s 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 transaction, the director now directly owns 45,520 shares in the company, valued at approximately $726,044. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction on Friday, September 13th. The stock was 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 owns 45,148 shares of the company’s stock, valued at $737,266.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,806 shares of company stock worth $365,567. 1.38% of the stock is currently owned by corporate insiders.

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.