Smartleaf Asset Management LLC Acquires 1,549 Shares of MasterBrand, Inc. (NYSE:MBC)

Smartleaf Asset Management LLC raised its holdings in shares of MasterBrand, Inc. (NYSE:MBC) by 150.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,577 shares of the company’s stock after acquiring an additional 1,549 shares during the period. Smartleaf Asset Management LLC’s holdings in MasterBrand were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MBC. Quest Partners LLC raised its position in shares of MasterBrand by 33.3% during the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock valued at $61,000 after acquiring an additional 821 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in MasterBrand by 52.4% in the third quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock valued at $66,000 after purchasing an additional 1,216 shares during the last quarter. KBC Group NV increased its holdings in MasterBrand by 52.0% in the fourth quarter. KBC Group NV now owns 5,800 shares of the company’s stock valued at $85,000 after purchasing an additional 1,983 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of MasterBrand by 39.9% in the 3rd 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 during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of MasterBrand in the 4th quarter valued at about $150,000. Institutional investors own 87.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Juliana L. Chugg purchased 6,989 shares of MasterBrand stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $14.17 per share, for a total transaction of $99,034.13. Following the completion of the acquisition, the director now directly owns 33,424 shares of the company’s stock, valued at $473,618.08. This represents a 26.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Crisci acquired 20,000 shares of the stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $14.08 per share, with a total value of $281,600.00. Following the transaction, the director now directly owns 66,435 shares of the company’s stock, valued at $935,404.80. This represents a 43.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.38% of the company’s stock.

MasterBrand Stock Down 2.3 %

Shares of NYSE:MBC opened at $13.42 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.65. MasterBrand, Inc. has a 52 week low of $12.68 and a 52 week high of $20.67. The company has a 50 day moving average price of $15.75 and a two-hundred day moving average price of $16.53. The company has a market capitalization of $1.71 billion, a PE ratio of 13.83 and a beta of 1.77.

MasterBrand (NYSE:MBC) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.21 EPS 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 firm had revenue of $667.70 million during the quarter, compared to the consensus estimate of $722.85 million.

MasterBrand Company 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.