Robert Crisci Acquires 20,000 Shares of MasterBrand, Inc. (NYSE:MBC) Stock

MasterBrand, Inc. (NYSE:MBC) Director Robert Crisci purchased 20,000 shares of the stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $14.08 per share, for a total transaction of $281,600.00. Following the completion of the purchase, the director now directly owns 66,435 shares in the company, valued at approximately $935,404.80. The trade was a 43.07 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

MasterBrand Stock Down 5.3 %

MasterBrand stock opened at $13.25 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.65 and a quick ratio of 1.02. The company’s 50-day moving average is $15.86 and its 200-day moving average is $16.63. The firm has a market capitalization of $1.69 billion, a PE ratio of 13.66 and a beta of 1.58. MasterBrand, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $20.67.

MasterBrand (NYSE:MBC) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $722.85 million.

Analyst Ratings Changes

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

Institutional Investors Weigh In On MasterBrand

Large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in MasterBrand in the 3rd quarter valued at $872,000. Foundry Partners LLC acquired a new stake in MasterBrand in the 3rd quarter worth about $4,952,000. Vestcor Inc boosted its holdings in MasterBrand by 329.0% in the 3rd quarter. Vestcor Inc now owns 40,815 shares of the company’s stock valued at $757,000 after purchasing an additional 31,300 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of MasterBrand during the third quarter worth approximately $1,669,000. Finally, Empowered Funds LLC raised its position in shares of MasterBrand by 5.1% in the fourth quarter. Empowered Funds LLC now owns 650,450 shares of the company’s stock valued at $9,503,000 after buying an additional 31,714 shares in the last quarter. Institutional investors own 87.32% of the company’s stock.

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.