MasterBrand, Inc. (NYSE:MBC) Director Robert Crisci Purchases 20,000 Shares

MasterBrand, Inc. (NYSE:MBC) Director Robert Crisci bought 20,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $14.08 per share, with a total value of $281,600.00. Following the completion of the transaction, the director now owns 66,435 shares in the company, valued at approximately $935,404.80. This trade represents a 43.07 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MasterBrand Stock Performance

Shares of MasterBrand stock opened at $13.14 on Wednesday. The company has a 50 day moving average of $15.84 and a 200-day moving average of $16.61. The company has a market cap of $1.68 billion, a PE ratio of 13.55 and a beta of 1.58. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. MasterBrand, Inc. has a 1-year low of $12.68 and a 1-year high of $20.67.

MasterBrand (NYSE:MBC) last released its earnings results on Tuesday, February 18th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). MasterBrand had a return on equity of 13.89% and a net margin of 4.66%. The business had revenue of $667.70 million for the quarter, compared to the consensus estimate of $722.85 million.

Analyst Upgrades and Downgrades

Separately, Loop Capital cut their price objective on shares of MasterBrand from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th.

Institutional Trading of MasterBrand

Several large investors have recently bought and sold shares of MBC. Smartleaf Asset Management LLC lifted its holdings in shares of MasterBrand by 150.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company’s stock worth $37,000 after acquiring an additional 1,549 shares during the last quarter. Quest Partners LLC increased its position in MasterBrand by 33.3% during the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock worth $61,000 after purchasing an additional 821 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in MasterBrand by 52.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock valued at $66,000 after purchasing an additional 1,216 shares during the last quarter. KBC Group NV boosted its position in MasterBrand by 52.0% in the fourth quarter. KBC Group NV now owns 5,800 shares of the company’s stock valued at $85,000 after buying an additional 1,983 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of MasterBrand by 39.9% during the third quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock worth $89,000 after buying an additional 1,364 shares during the last quarter. 87.32% of the stock is 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.