Quantbot Technologies LP Acquires New Position in MasterBrand, Inc. (NYSE:MBC)

Quantbot Technologies LP purchased a new position in MasterBrand, Inc. (NYSE:MBC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 35,221 shares of the company’s stock, valued at approximately $515,000.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in MasterBrand by 150.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company’s stock valued at $37,000 after buying an additional 1,549 shares in the last quarter. Quest Partners LLC raised its holdings in shares of MasterBrand by 33.3% in the third quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock worth $61,000 after buying an additional 821 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of 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 during the last quarter. KBC Group NV lifted its holdings in MasterBrand by 52.0% during the 4th quarter. KBC Group NV now owns 5,800 shares of the company’s stock valued at $85,000 after buying an additional 1,983 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in shares of MasterBrand by 39.9% during the third quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock valued at $89,000 after acquiring an additional 1,364 shares in the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.

MasterBrand Trading Down 0.2 %

Shares of NYSE:MBC opened at $13.51 on Friday. MasterBrand, Inc. has a 1 year low of $12.68 and a 1 year high of $20.67. The firm has a market capitalization of $1.72 billion, a P/E ratio of 13.93 and a beta of 1.77. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.65 and a quick ratio of 1.02. The business’s 50-day moving average is $15.32 and its 200 day moving average is $16.32.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). MasterBrand had a net margin of 4.66% and a return on equity of 13.89%. The company had revenue of $667.70 million for the quarter, compared to analysts’ expectations of $722.85 million.

MasterBrand declared that its board has authorized a share buyback program on Monday, March 17th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Separately, Loop Capital lowered their target price on MasterBrand from $21.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, February 19th.

Insiders Place Their Bets

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

MasterBrand 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.