MasterBrand, Inc. (NYSE:MBC) Shares Bought by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. grew its stake in MasterBrand, Inc. (NYSE:MBC) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 694,183 shares of the company’s stock after purchasing an additional 21,658 shares during the period. Mawer Investment Management Ltd.’s holdings in MasterBrand were worth $12,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bridgeway Capital Management LLC purchased a new stake in shares of MasterBrand in the 1st quarter valued at approximately $20,894,000. Thrivent Financial for Lutherans raised its position in shares of MasterBrand by 11.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company’s stock worth $91,329,000 after acquiring an additional 518,443 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MasterBrand by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company’s stock worth $66,738,000 after buying an additional 497,327 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in MasterBrand in the 2nd quarter valued at about $6,710,000. Finally, Vanguard Group Inc. lifted its position in MasterBrand by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 10,646,110 shares of the company’s stock worth $199,508,000 after acquiring an additional 346,346 shares during the period. 87.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

MasterBrand Stock Performance

NYSE MBC traded up $0.07 during trading hours on Monday, hitting $16.97. 5,827 shares of the stock were exchanged, compared to its average volume of 922,516. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average of $17.71 and a 200 day moving average of $16.59. MasterBrand, Inc. has a 12-month low of $12.86 and a 12-month high of $20.67. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 14.82 and a beta of 1.53.

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

Insider Transactions at MasterBrand

In other news, Director Ann F. Hackett sold 17,589 shares of MasterBrand stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total transaction of $280,544.55. Following the completion of the transaction, the director now owns 45,520 shares of the company’s stock, valued at $726,044. The trade was a 27.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Mark A. Young sold 4,715 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $16.33, for a total transaction of $76,995.95. Following the completion of the sale, the chief accounting officer now directly owns 45,148 shares in the company, valued at approximately $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 valued at $365,567 in the last quarter. 1.38% of the stock is currently owned by corporate 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.