MasterBrand, Inc. (NYSE:MBC) Shares Acquired by Boston Partners

Boston Partners lifted its position in shares of MasterBrand, Inc. (NYSE:MBC) by 82.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,237,123 shares of the company’s stock after purchasing an additional 2,363,308 shares during the period. Boston Partners’ holdings in MasterBrand were worth $76,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of MasterBrand by 150.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company’s stock worth $37,000 after buying an additional 1,549 shares during the last quarter. Quest Partners LLC grew its holdings in shares of MasterBrand by 33.3% during the third quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock worth $61,000 after buying an additional 821 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of MasterBrand by 52.4% during the third quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock worth $66,000 after buying an additional 1,216 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in shares of MasterBrand by 39.9% during the third quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock worth $89,000 after buying an additional 1,364 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of MasterBrand by 52.0% during the fourth quarter. KBC Group NV now owns 5,800 shares of the company’s stock worth $85,000 after buying an additional 1,983 shares during the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.

Insider Buying and Selling at MasterBrand

In other MasterBrand news, 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 acquisition, the director now owns 33,424 shares of the company’s stock, valued at $473,618.08. This trade represents a 26.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Crisci acquired 20,000 shares of the stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $14.08 per share, for a total transaction of $281,600.00. Following the acquisition, the director now directly owns 66,435 shares in the company, valued at $935,404.80. This represents a 43.07 % increase in their position. The disclosure for this purchase can be found here. 1.38% of the stock is owned by corporate insiders.

MasterBrand Stock Performance

NYSE MBC opened at $14.05 on Thursday. MasterBrand, Inc. has a 52-week low of $12.68 and a 52-week high of $20.67. The business’s 50-day moving average price is $15.60 and its 200 day moving average price is $16.42. The firm has a market cap of $1.79 billion, a P/E ratio of 14.49 and a beta of 1.77. 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 (NYSE:MBC) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.21 earnings per share 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 analysts’ expectations of $722.85 million.

MasterBrand announced that its board 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 repurchase up to 2.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, Loop Capital lowered their price target on MasterBrand from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th.

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.