MasterBrand, Inc. (NYSE:MBC) CAO Sells $76,995.95 in Stock

MasterBrand, Inc. (NYSE:MBC) CAO Mark A. Young sold 4,715 shares of MasterBrand 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 in the company, valued at $737,266.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

MasterBrand Stock Up 5.8 %

NYSE MBC opened at $18.83 on Friday. MasterBrand, Inc. has a fifty-two week low of $10.53 and a fifty-two week high of $19.07. The business has a fifty day moving average price of $16.24 and a two-hundred day moving average price of $16.53. 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 stock has a market capitalization of $2.39 billion, a PE ratio of 13.26 and a beta of 1.49.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 earnings per share 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 business had revenue of $676.50 million during the quarter.

Institutional Investors Weigh In On MasterBrand

A number of hedge funds have recently made changes to their positions in MBC. SageView Advisory Group LLC acquired a new position in MasterBrand during the 1st quarter worth approximately $25,000. Covestor Ltd grew its stake in shares of MasterBrand by 71.4% during the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock worth $30,000 after buying an additional 665 shares during the last quarter. Quest Partners LLC acquired a new position in shares of MasterBrand during the second quarter worth $36,000. GAMMA Investing LLC lifted its stake in shares of MasterBrand by 51.2% in the 1st quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock valued at $41,000 after acquiring an additional 748 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in MasterBrand during the 1st quarter worth $43,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

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.