Mark A. Young Sells 4,715 Shares of MasterBrand, Inc. (NYSE:MBC) Stock

MasterBrand, Inc. (NYSE:MBC) CAO Mark A. Young sold 4,715 shares of the 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 transaction, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. The transaction was disclosed in a filing with the SEC, which is available at this link.

MasterBrand Stock Up 0.2 %

MBC stock opened at $18.87 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.24 and a quick ratio of 1.43. The stock has a market capitalization of $2.40 billion, a P/E ratio of 13.29 and a beta of 1.49. MasterBrand, Inc. has a fifty-two week low of $10.53 and a fifty-two week high of $19.07. The business has a 50-day moving average of $16.32 and a 200-day moving average of $16.55.

MasterBrand (NYSE:MBC) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $676.50 million during the quarter. MasterBrand had a return on equity of 16.58% and a net margin of 6.69%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in MasterBrand by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,037,764 shares of the company’s stock valued at $15,411,000 after purchasing an additional 12,464 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in MasterBrand by 25.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,497,739 shares of the company’s stock valued at $51,943,000 after acquiring an additional 707,968 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of MasterBrand by 39.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,246 shares of the company’s stock valued at $226,000 after acquiring an additional 4,313 shares during the period. ING Groep NV acquired a new position in shares of MasterBrand during the 4th quarter worth about $2,079,000. Finally, Norges Bank acquired a new stake in MasterBrand in the 4th quarter valued at about $8,775,000. Institutional investors own 87.32% of the company’s stock.

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.