MasterBrand, Inc. (NYSE:MBC) Holdings Decreased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in shares of MasterBrand, Inc. (NYSE:MBC) by 43.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,912 shares of the company’s stock after selling 72,835 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.08% of MasterBrand worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Bridgeway Capital Management LLC bought a new stake in shares of MasterBrand during the 1st quarter worth about $20,894,000. Mawer Investment Management Ltd. acquired a new stake in shares of MasterBrand during the 2nd quarter worth approximately $9,873,000. Empowered Funds LLC bought a new stake in MasterBrand in the 1st quarter valued at $10,212,000. Dimensional Fund Advisors LP boosted 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 valued at $66,738,000 after acquiring an additional 497,327 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in MasterBrand during the second quarter worth about $6,710,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the completion of the sale, the director now owns 45,520 shares in the company, valued at approximately $726,044. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the transaction, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at $737,266.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ann F. Hackett sold 17,589 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the completion of the transaction, the director now owns 45,520 shares in the company, valued at approximately $726,044. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,806 shares of company stock worth $365,567 in the last 90 days. Corporate insiders own 1.38% of the company’s stock.

MasterBrand Trading Up 0.4 %

Shares of MBC opened at $17.75 on Friday. The stock has a 50 day simple moving average of $16.59 and a 200-day simple moving average of $16.58. The company has a current ratio of 2.24, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55. The stock has a market cap of $2.25 billion, a PE ratio of 12.50 and a beta of 1.49. MasterBrand, Inc. has a 1 year low of $10.53 and a 1 year high of $19.10.

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

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.