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

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

MasterBrand Stock Up 0.8 %

Shares of NYSE MBC opened at $13.97 on Friday. MasterBrand, Inc. has a 12-month low of $13.80 and a 12-month high of $20.67. The stock has a market cap of $1.78 billion, a PE ratio of 14.40 and a beta of 1.58. 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 company has a 50-day moving average of $15.88 and a 200 day moving average of $16.62.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $722.85 million.

Institutional Trading of MasterBrand

Several hedge funds have recently made changes to their positions in MBC. Boston Partners grew its stake in shares of MasterBrand by 82.2% in the 4th quarter. Boston Partners now owns 5,237,123 shares of the company’s stock valued at $76,558,000 after buying an additional 2,363,308 shares during the period. Gates Capital Management Inc. grew its stake in shares of MasterBrand by 7.5% in the 4th quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company’s stock valued at $138,643,000 after buying an additional 658,807 shares during the period. Polar Capital Holdings Plc purchased a new stake in shares of MasterBrand in the 4th quarter valued at approximately $8,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of MasterBrand by 58.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,425,966 shares of the company’s stock valued at $26,437,000 after buying an additional 528,537 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in shares of MasterBrand by 11.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company’s stock valued at $91,329,000 after buying an additional 518,443 shares during the period. Hedge funds and other institutional investors own 87.32% of the company’s stock.

Analysts Set New Price Targets

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