Charles Schwab Investment Management Inc. Increases Stock Holdings in MasterBrand, Inc. (NYSE:MBC)

Charles Schwab Investment Management Inc. boosted its stake in MasterBrand, Inc. (NYSE:MBC) by 18.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,092,694 shares of the company’s stock after purchasing an additional 330,874 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.65% of MasterBrand worth $38,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in MasterBrand by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 79,586 shares of the company’s stock worth $1,492,000 after buying an additional 3,871 shares during the last quarter. Jane Street Group LLC raised its stake in shares of MasterBrand by 345.8% during the first 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. Comerica Bank raised its stake in shares of MasterBrand by 15.2% during the first quarter. Comerica Bank now owns 78,178 shares of the company’s stock worth $1,465,000 after acquiring an additional 10,286 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of MasterBrand in the 2nd quarter worth approximately $161,000. Finally, Wedge Capital Management L L P NC boosted its stake in shares of MasterBrand by 1.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 63,799 shares of the company’s stock valued at $937,000 after purchasing an additional 942 shares in the last quarter. 87.32% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 completion of 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 9.46 % 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 business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total transaction of $280,544.55. Following the transaction, the director now directly owns 45,520 shares in the company, valued at approximately $726,044. The trade was a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,806 shares of company stock valued at $365,567 in the last quarter. Insiders own 1.38% of the company’s stock.

MasterBrand Trading Up 0.1 %

Shares of MBC stock opened at $17.32 on Tuesday. The business has a 50-day moving average of $17.74 and a 200 day moving average of $16.59. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02. MasterBrand, Inc. has a 1-year low of $13.37 and a 1-year high of $20.67. The stock has a market capitalization of $2.20 billion, a PE ratio of 15.19 and a beta of 1.53.

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

Analysts Set New Price Targets

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

About MasterBrand

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.