10,271 Shares in MasterBrand, Inc. (NYSE:MBC) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in shares of MasterBrand, Inc. (NYSE:MBC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,271 shares of the company’s stock, valued at approximately $150,000.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC boosted its holdings in shares of MasterBrand by 33.3% during the third quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock worth $61,000 after purchasing an additional 821 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of MasterBrand by 52.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock valued at $66,000 after buying an additional 1,216 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of MasterBrand by 39.9% during 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 in the last quarter. KBC Group NV grew its holdings in shares of MasterBrand by 52.0% during the 4th quarter. KBC Group NV now owns 5,800 shares of the company’s stock valued at $85,000 after acquiring an additional 1,983 shares in the last quarter. Finally, Millburn Ridgefield Corp acquired a new position in shares of MasterBrand in the third quarter worth $180,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

MasterBrand Stock Performance

MBC stock opened at $13.43 on Thursday. The firm has a 50 day moving average of $15.73 and a two-hundred day moving average of $16.51. MasterBrand, Inc. has a 12 month low of $12.68 and a 12 month high of $20.67. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 13.84 and a beta of 1.77. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.78.

MasterBrand (NYSE:MBC) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). MasterBrand had a return on equity of 13.89% and a net margin of 4.66%. The business had revenue of $667.70 million during the quarter, compared to the consensus estimate of $722.85 million.

Wall Street Analyst Weigh In

Separately, Loop Capital cut 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.

Insider Activity

In other news, Director Juliana L. Chugg bought 6,989 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $14.17 per share, for a total transaction of $99,034.13. Following the acquisition, the director now directly owns 33,424 shares of the company’s stock, valued at $473,618.08. The trade was a 26.44 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Crisci bought 20,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $14.08 per share, with a total value of $281,600.00. Following the transaction, the director now owns 66,435 shares in the company, valued at approximately $935,404.80. The trade was a 43.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.38% of the stock is currently owned by insiders.

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.