Victory Capital Management Inc. Has $2.78 Million Holdings in MasterBrand, Inc. (NYSE:MBC)

Victory Capital Management Inc. lifted its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 27.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 189,192 shares of the company’s stock after buying an additional 41,065 shares during the period. Victory Capital Management Inc.’s holdings in MasterBrand were worth $2,777,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Versor Investments LP lifted its position in shares of MasterBrand by 38.6% during the 2nd quarter. Versor Investments LP now owns 23,700 shares of the company’s stock valued at $348,000 after acquiring an additional 6,600 shares during the period. nVerses Capital LLC bought a new stake in MasterBrand in the second quarter valued at $75,000. Allspring Global Investments Holdings LLC raised its holdings in shares of MasterBrand by 1,323.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 185,675 shares of the company’s stock valued at $2,726,000 after purchasing an additional 172,634 shares during the period. Bailard Inc. bought a new position in shares of MasterBrand during the 2nd quarter worth about $305,000. Finally, Bank of New York Mellon Corp grew its stake in shares of MasterBrand by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,069,569 shares of the company’s stock valued at $15,701,000 after buying an additional 7,446 shares during the period. Institutional investors and hedge funds own 87.32% of the company’s stock.

MasterBrand Stock Performance

Shares of MasterBrand stock opened at $17.34 on Wednesday. The business has a 50-day simple moving average of $16.11 and a 200 day simple moving average of $16.53. MasterBrand, Inc. has a one year low of $10.53 and a one year high of $19.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.24 and a quick ratio of 1.43. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 12.21 and a beta of 1.49.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data 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 return on equity of 16.58% and a net margin of 6.69%. The firm had revenue of $676.50 million during the quarter.

Insider Buying and Selling at MasterBrand

In other news, Director Ann F. Hackett sold 17,589 shares of the business’s 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 of the company’s stock, valued at $726,044. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.