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

MasterBrand, Inc. (NYSE:MBC) Director Robert Crisci acquired 20,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $14.08 per share, with a total value of $281,600.00. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

MasterBrand Stock Up 2.2 %

MBC opened at $13.40 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.78. MasterBrand, Inc. has a 52 week low of $12.68 and a 52 week high of $20.67. The firm has a 50-day simple moving average of $15.82 and a two-hundred day simple moving average of $16.59. The company has a market capitalization of $1.71 billion, a PE ratio of 13.81 and a beta of 1.58.

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

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Separately, Loop Capital dropped their price objective on shares of MasterBrand from $21.00 to $19.00 and set a “buy” rating for the company in a 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.