EP Wealth Advisors LLC Acquires 2,035 Shares of MasterBrand, Inc. (NYSE:MBC)

EP Wealth Advisors LLC raised its holdings in MasterBrand, Inc. (NYSE:MBC) by 15.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,604 shares of the company’s stock after buying an additional 2,035 shares during the quarter. EP Wealth Advisors LLC’s holdings in MasterBrand were worth $228,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Boston Partners grew its position in shares of MasterBrand by 82.2% in the 4th quarter. Boston Partners now owns 5,237,123 shares of the company’s stock worth $76,558,000 after buying an additional 2,363,308 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of MasterBrand by 3.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 5,083,041 shares of the company’s stock worth $74,264,000 after buying an additional 156,993 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of MasterBrand by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,976,769 shares of the company’s stock worth $72,709,000 after buying an additional 226,818 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of MasterBrand by 0.3% in the 4th quarter. Pzena Investment Management LLC now owns 2,847,885 shares of the company’s stock worth $41,608,000 after buying an additional 9,169 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of MasterBrand by 14.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,403,980 shares of the company’s stock worth $35,122,000 after buying an additional 311,286 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MBC shares. Loop Capital dropped their price target on MasterBrand from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Zelman & Associates restated an “underperform” rating on shares of MasterBrand in a research report on Monday, April 14th.

Insider Buying and Selling at MasterBrand

In related news, Director Robert Crisci acquired 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 owns 66,435 shares of the company’s stock, valued at $935,404.80. This represents a 43.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Juliana L. Chugg acquired 6,989 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average price of $14.17 per share, with a total value of $99,034.13. Following the purchase, the director now directly owns 33,424 shares of the company’s stock, valued at $473,618.08. The trade was a 26.44% increase in their position. The disclosure for this purchase can be found here. 1.38% of the stock is owned by company insiders.

MasterBrand Trading Up 1.0%

NYSE MBC opened at $11.16 on Wednesday. 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 twelve month low of $9.78 and a twelve month high of $20.67. The firm has a market capitalization of $1.41 billion, a PE ratio of 11.51 and a beta of 1.74. The stock’s 50 day moving average is $12.33 and its 200 day moving average is $14.87.

MasterBrand (NYSE:MBC) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). MasterBrand had a net margin of 4.66% and a return on equity of 13.89%. The firm had revenue of $660.30 million for the quarter, compared to the consensus estimate of $663.95 million.

MasterBrand declared that its Board of Directors has initiated a share buyback plan on Monday, March 17th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are 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.