Jump Financial LLC Trims Position in MasterBrand, Inc. (NYSE:MBC)

Jump Financial LLC lessened its stake in MasterBrand, Inc. (NYSE:MBC) by 84.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,950 shares of the company’s stock after selling 107,852 shares during the period. Jump Financial LLC’s holdings in MasterBrand were worth $291,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Boston Partners raised its position in MasterBrand by 82.2% in the fourth quarter. Boston Partners now owns 5,237,123 shares of the company’s stock worth $76,558,000 after acquiring an additional 2,363,308 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of MasterBrand by 135.1% in the 4th quarter. JPMorgan Chase & Co. now owns 693,220 shares of the company’s stock valued at $10,128,000 after purchasing an additional 398,303 shares in the last quarter. Royce & Associates LP lifted its stake in shares of MasterBrand by 97.0% in the fourth quarter. Royce & Associates LP now owns 724,161 shares of the company’s stock valued at $10,580,000 after purchasing an additional 356,506 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in MasterBrand by 14.9% during the fourth 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 in the last quarter. Finally, Norges Bank acquired a new position in MasterBrand during the fourth quarter worth about $3,433,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

Insider Activity

In other MasterBrand news, Director Robert Crisci purchased 20,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $14.08 per share, for a total transaction of $281,600.00. Following the acquisition, the director now owns 66,435 shares of the company’s stock, valued at approximately $935,404.80. The trade was a 43.07 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Juliana L. Chugg purchased 6,989 shares of MasterBrand stock in a transaction on Monday, February 24th. The shares were acquired at an average cost of $14.17 per share, for a total transaction of $99,034.13. Following the purchase, the director now owns 33,424 shares in the company, valued at approximately $473,618.08. This trade represents a 26.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MBC shares. Loop Capital decreased their price target on MasterBrand from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Zelman & Associates reissued an “underperform” rating on shares of MasterBrand in a report on Monday, April 14th.

MasterBrand Price Performance

Shares of NYSE MBC opened at $11.85 on Friday. The firm’s 50-day moving average is $12.97 and its two-hundred day moving average is $15.45. The company has a market capitalization of $1.51 billion, a PE ratio of 12.22 and a beta of 1.70. MasterBrand, Inc. has a 12-month low of $10.84 and a 12-month high of $20.67. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.65 and a quick ratio of 1.02.

MasterBrand (NYSE:MBC) last issued 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). The company had revenue of $667.70 million for the quarter, compared to analyst estimates of $722.85 million. MasterBrand had a return on equity of 13.89% and a net margin of 4.66%.

MasterBrand declared that its board has authorized a stock buyback program on Monday, March 17th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

MasterBrand Company 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.