Creative Planning Acquires 4,432 Shares of MasterBrand, Inc. (NYSE:MBC)

Creative Planning increased its holdings in MasterBrand, Inc. (NYSE:MBC) by 18.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,948 shares of the company’s stock after acquiring an additional 4,432 shares during the quarter. Creative Planning’s holdings in MasterBrand were worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in shares of MasterBrand by 246.7% in 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 acquiring an additional 109,860 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of MasterBrand by 3.4% in 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 in the last quarter. Jane Street Group LLC increased its stake in shares of MasterBrand by 345.8% in the 1st quarter. Jane Street Group LLC now owns 207,321 shares of the company’s stock worth $3,885,000 after acquiring an additional 160,812 shares in the last quarter. Sei Investments Co. bought a new position in shares of MasterBrand in the 1st quarter worth about $643,000. Finally, SG Americas Securities LLC increased its stake in shares of MasterBrand by 3,100.6% in the 1st quarter. SG Americas Securities LLC now owns 405,768 shares of the company’s stock worth $7,604,000 after acquiring an additional 393,090 shares in the last quarter. 87.32% of the stock is currently owned by institutional investors.

MasterBrand Stock Up 4.2 %

NYSE:MBC opened at $18.38 on Wednesday. The firm has a market cap of $2.34 billion, a P/E ratio of 13.31 and a beta of 1.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 2.24. MasterBrand, Inc. has a fifty-two week low of $11.38 and a fifty-two week high of $19.31. The firm has a 50-day simple moving average of $17.45 and a two-hundred day simple moving average of $16.56.

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

Analyst Ratings Changes

Separately, Loop Capital raised 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.

Insider Buying and Selling at MasterBrand

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 transaction of $280,544.55. Following the completion of the sale, the director now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Mark A. Young sold 4,715 shares of the firm’s 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 sale, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at $737,266.84. This trade represents a 0.00 % decrease in their position. 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 transaction of $280,544.55. Following the sale, the director now directly owns 45,520 shares in the company, valued at approximately $726,044. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,806 shares of company stock worth $365,567. 1.38% of the stock is owned by corporate 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.