Nixon Capital LLC increased its position in MasterBrand, Inc. (NYSE:MBC – Free Report) by 15.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,418,163 shares of the company’s stock after acquiring an additional 187,567 shares during the quarter. MasterBrand makes up about 4.1% of Nixon Capital LLC’s holdings, making the stock its 13th biggest holding. Nixon Capital LLC’s holdings in MasterBrand were worth $15,657,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MBC. Royal Bank of Canada boosted its position in shares of MasterBrand by 12.8% in the first quarter. Royal Bank of Canada now owns 55,615 shares of the company’s stock valued at $726,000 after acquiring an additional 6,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in MasterBrand by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,362 shares of the company’s stock valued at $984,000 after purchasing an additional 3,292 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in MasterBrand by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,294 shares of the company’s stock valued at $19,816,000 after purchasing an additional 59,879 shares in the last quarter. Jane Street Group LLC raised its stake in MasterBrand by 10.7% in the first quarter. Jane Street Group LLC now owns 357,305 shares of the company’s stock valued at $4,666,000 after purchasing an additional 34,422 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in MasterBrand by 71.1% in the first quarter. Intech Investment Management LLC now owns 119,325 shares of the company’s stock valued at $1,558,000 after purchasing an additional 49,578 shares in the last quarter. 87.32% of the stock is currently owned by institutional investors.
MasterBrand Trading Up 1.0%
Shares of MBC opened at $8.84 on Thursday. The firm’s 50 day simple moving average is $8.33 and its 200 day simple moving average is $10.06. The company has a market capitalization of $1.13 billion, a P/E ratio of -441.83 and a beta of 1.48. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.08 and a quick ratio of 1.31. MasterBrand, Inc. has a 1-year low of $6.61 and a 1-year high of $14.22.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of MasterBrand from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Weiss Ratings downgraded shares of MasterBrand from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.
View Our Latest Report on MasterBrand
Insiders Place Their Bets
In other MasterBrand news, CEO R David Banyard bought 60,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $8.43 per share, for a total transaction of $505,800.00. Following the transaction, the chief executive officer directly owned 1,831,788 shares in the company, valued at $15,441,972.84. This trade represents a 3.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrea Helen Simon purchased 5,000 shares of the stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $8.56 per share, with a total value of $42,800.00. Following the completion of the purchase, the chief financial officer directly owned 497,341 shares of the company’s stock, valued at $4,257,238.96. The trade was a 1.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 76,587 shares of company stock valued at $650,797. 2.04% of the stock is currently owned by corporate insiders.
MasterBrand Profile
MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.
MasterBrand’s product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.
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