16,726 Shares in MasterBrand, Inc. (NYSE:MBC) Acquired by AXQ Capital LP

AXQ Capital LP bought a new position in shares of MasterBrand, Inc. (NYSE:MBC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,726 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in shares of MasterBrand by 150.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company’s stock valued at $37,000 after purchasing an additional 1,549 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of MasterBrand by 33.3% in the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock valued at $61,000 after purchasing an additional 821 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of 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. TD Private Client Wealth LLC boosted its holdings in shares of MasterBrand by 39.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock valued at $89,000 after purchasing an additional 1,364 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of MasterBrand by 52.0% in the 4th quarter. KBC Group NV now owns 5,800 shares of the company’s stock valued at $85,000 after purchasing an additional 1,983 shares during the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.

Insider Activity at MasterBrand

In other MasterBrand news, Director Robert Crisci bought 20,000 shares of MasterBrand stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $14.08 per share, for a total transaction of $281,600.00. Following the acquisition, the director now owns 66,435 shares of the company’s stock, valued at $935,404.80. The trade was a 43.07 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Juliana L. Chugg purchased 6,989 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $14.17 per share, for a total transaction of $99,034.13. Following the purchase, the director now directly owns 33,424 shares in the company, valued at $473,618.08. This trade represents a 26.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Loop Capital decreased their price target on shares of MasterBrand from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th.

MasterBrand Stock Down 3.2 %

Shares of MBC opened at $13.37 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.78. The firm has a market cap of $1.71 billion, a PE ratio of 13.78 and a beta of 1.77. The company’s fifty day moving average is $15.53 and its two-hundred day moving average is $16.40. MasterBrand, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $20.67.

MasterBrand (NYSE:MBC) last posted 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). The business had revenue of $667.70 million for the quarter, compared to analyst estimates of $722.85 million. MasterBrand had a net margin of 4.66% and a return on equity of 13.89%.

MasterBrand announced that its board has initiated a stock buyback program on Monday, March 17th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.