9,720 Shares in MasterBrand, Inc. (NYSE:MBC) Bought by Millburn Ridgefield Corp

Millburn Ridgefield Corp acquired a new stake in shares of MasterBrand, Inc. (NYSE:MBC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,720 shares of the company’s stock, valued at approximately $180,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of MasterBrand by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 79,586 shares of the company’s stock valued at $1,492,000 after buying an additional 3,871 shares in the last quarter. Jane Street Group LLC grew its position in MasterBrand by 345.8% in the first quarter. Jane Street Group LLC now owns 207,321 shares of the company’s stock worth $3,885,000 after acquiring an additional 160,812 shares in the last quarter. Comerica Bank increased its stake in shares of MasterBrand by 15.2% during the 1st quarter. Comerica Bank now owns 78,178 shares of the company’s stock worth $1,465,000 after purchasing an additional 10,286 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in shares of MasterBrand during the 2nd quarter worth $161,000. Finally, Wedge Capital Management L L P NC raised its holdings in shares of MasterBrand by 1.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 63,799 shares of the company’s stock valued at $937,000 after purchasing an additional 942 shares in the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.

Analyst Ratings Changes

Separately, Loop Capital upped their price objective on shares of MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, October 17th.

MasterBrand Stock Performance

Shares of NYSE MBC opened at $17.24 on Wednesday. The business’s 50-day simple moving average is $17.72 and its 200-day simple moving average is $16.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.02 and a current ratio of 1.82. MasterBrand, Inc. has a 52 week low of $13.37 and a 52 week high of $20.67. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 15.12 and a beta of 1.35.

MasterBrand (NYSE:MBC) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%. The company had revenue of $718.10 million for the quarter.

Insider Buying and Selling

In other news, Director Ann F. Hackett sold 17,589 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total value of $280,544.55. Following the sale, the director now directly owns 45,520 shares of the company’s stock, valued at approximately $726,044. This trade represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $16.33, for a total value of $76,995.95. Following the completion of the transaction, the chief accounting officer now owns 45,148 shares in the company, valued at $737,266.84. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,806 shares of company stock worth $365,567 in the last quarter. 1.38% of the stock is currently owned by company insiders.

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.