MasterBrand, Inc. (NYSE:MBC) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in MasterBrand, Inc. (NYSE:MBC) by 28.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,028 shares of the company’s stock after acquiring an additional 6,450 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in MasterBrand were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MBC. State Board of Administration of Florida Retirement System increased its stake in MasterBrand by 246.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 154,393 shares of the company’s stock worth $2,893,000 after buying an additional 109,860 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of MasterBrand by 23.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,797,378 shares of the company’s stock worth $26,691,000 after acquiring an additional 338,497 shares in the last quarter. Vanguard Group Inc. increased its position in shares of MasterBrand by 3.4% during the first 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. Allianz Asset Management GmbH increased its position in shares of MasterBrand by 45.0% during the fourth quarter. Allianz Asset Management GmbH now owns 210,643 shares of the company’s stock worth $3,128,000 after acquiring an additional 65,390 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of MasterBrand in the fourth quarter valued at $975,000. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

MasterBrand Trading Up 0.2 %

MBC opened at $18.87 on Friday. The business has a fifty day moving average price of $16.32 and a 200 day moving average price of $16.55. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.24 and a quick ratio of 1.43. MasterBrand, Inc. has a 12 month low of $10.53 and a 12 month high of $19.07. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 13.29 and a beta of 1.49.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The business 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%.

Insider Buying and Selling at MasterBrand

In other news, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction on 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 of the company’s stock, valued at approximately $737,266.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other MasterBrand news, CAO Mark A. Young sold 4,715 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $16.33, for a total value of $76,995.95. Following the sale, the chief accounting officer now directly owns 45,148 shares in the company, valued at $737,266.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ann F. Hackett sold 17,589 shares of the company’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 transaction, the director now directly owns 45,520 shares of the company’s stock, valued at $726,044. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,806 shares of company stock valued at $365,567. Insiders own 1.38% of the company’s stock.

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.