MasterBrand, Inc. (NYSE:MBC) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in MasterBrand, Inc. (NYSE:MBC) by 24.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 267,992 shares of the company’s stock after buying an additional 52,779 shares during the quarter. American Century Companies Inc.’s holdings in MasterBrand were worth $3,934,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SageView Advisory Group LLC acquired a new position in MasterBrand in the 1st quarter worth approximately $25,000. Covestor Ltd boosted its stake in MasterBrand by 71.4% in the 1st quarter. Covestor Ltd now owns 1,596 shares of the company’s stock worth $30,000 after purchasing an additional 665 shares during the period. Quest Partners LLC acquired a new position in MasterBrand in the 2nd quarter worth approximately $36,000. GAMMA Investing LLC boosted its stake in MasterBrand by 51.2% in the 1st quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock worth $41,000 after purchasing an additional 748 shares during the period. Finally, Mather Group LLC. acquired a new position in MasterBrand in the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

MasterBrand Trading Up 1.3 %

MasterBrand stock opened at $17.74 on Friday. The company has a 50 day moving average price of $16.47 and a 200 day moving average price of $16.57. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 12.49 and a beta of 1.49. MasterBrand, Inc. has a 52 week low of $10.53 and a 52 week high of $19.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 2.24.

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

Insider Activity

In other news, CAO Mark A. Young sold 4,715 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 45,148 shares in the company, valued at approximately $737,266.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related 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 sale, the director now directly owns 45,520 shares in the company, valued at $726,044. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sale, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at $737,266.84. The disclosure for this sale can be found here. Insiders have sold a total of 22,806 shares of company stock worth $365,567 in the last ninety days. Corporate 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.