MasterBrand, Inc. (NYSE:MBC) Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors decreased its position in MasterBrand, Inc. (NYSE:MBC) by 55.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,000 shares of the company’s stock after selling 5,000 shares during the quarter. Optimum Investment Advisors’ holdings in MasterBrand were worth $58,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MBC. CIBC Asset Management Inc raised its holdings in MasterBrand by 6.1% during the fourth quarter. CIBC Asset Management Inc now owns 12,885 shares of the company’s stock worth $188,000 after purchasing an additional 736 shares in the last quarter. Quest Partners LLC raised its holdings in 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 purchasing an additional 821 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in MasterBrand by 1.2% during the third quarter. PNC Financial Services Group Inc. now owns 94,554 shares of the company’s stock worth $1,753,000 after purchasing an additional 1,107 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in 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 purchasing an additional 1,216 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in 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 purchasing an additional 1,364 shares in the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.

Insider Transactions at MasterBrand

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

MasterBrand Stock Down 3.2 %

MBC stock opened at $13.37 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. MasterBrand, Inc. has a twelve month low of $12.68 and a twelve month high of $20.67. The company’s 50 day moving average is $15.53 and its two-hundred day moving average is $16.40. The stock has a market cap of $1.71 billion, a P/E ratio of 13.78 and a beta of 1.77.

MasterBrand (NYSE:MBC) last announced its earnings results on Tuesday, February 18th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The business had revenue of $667.70 million for the quarter, compared to analysts’ expectations 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 share repurchase plan on Monday, March 17th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

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.