Juliana L. Chugg Acquires 6,989 Shares of MasterBrand, Inc. (NYSE:MBC) Stock

MasterBrand, Inc. (NYSE:MBC) Director Juliana L. Chugg purchased 6,989 shares of the stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $14.17 per share, with a total value of $99,034.13. Following the acquisition, the director now owns 33,424 shares of the company’s stock, valued at approximately $473,618.08. This represents a 26.44 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

MasterBrand Trading Down 4.1 %

NYSE MBC opened at $13.90 on Friday. MasterBrand, Inc. has a 12-month low of $13.85 and a 12-month high of $20.67. The company has a fifty day simple moving average of $15.89 and a two-hundred day simple moving average of $16.63. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.77 billion, a P/E ratio of 14.32 and a beta of 1.58.

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

Institutional Investors Weigh In On MasterBrand

Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its holdings in MasterBrand by 36.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the company’s stock worth $70,000 after buying an additional 1,286 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of MasterBrand by 2.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,415 shares of the company’s stock worth $21,293,000 after acquiring an additional 31,449 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of MasterBrand in the fourth quarter worth $602,000. State of Wyoming raised its holdings in shares of MasterBrand by 547.9% during the fourth quarter. State of Wyoming now owns 21,658 shares of the company’s stock worth $316,000 after purchasing an additional 18,315 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its position in MasterBrand by 28.3% during the fourth quarter. Rafferty Asset Management LLC now owns 36,911 shares of the company’s stock valued at $539,000 after purchasing an additional 8,143 shares during the period. Institutional investors and hedge funds own 87.32% of the company’s stock.

Analyst Ratings Changes

Separately, Loop Capital decreased 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.

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.