Bokf Na Increases Stock Position in MasterBrand, Inc. (NYSE:MBC)

Bokf Na boosted its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 12,048.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,192 shares of the company’s stock after buying an additional 44,820 shares during the quarter. Bokf Na’s holdings in MasterBrand were worth $663,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MBC. Victory Capital Management Inc. boosted its stake in MasterBrand by 28.5% during the fourth quarter. Victory Capital Management Inc. now owns 94,075 shares of the company’s stock worth $1,397,000 after buying an additional 20,858 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of MasterBrand by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,037,764 shares of the company’s stock worth $15,411,000 after acquiring an additional 12,464 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of MasterBrand by 25.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,497,739 shares of the company’s stock worth $51,943,000 after acquiring an additional 707,968 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of MasterBrand by 39.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 15,246 shares of the company’s stock worth $226,000 after acquiring an additional 4,313 shares in the last quarter. Finally, ING Groep NV acquired a new position in shares of MasterBrand in the fourth quarter worth $2,079,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.

MasterBrand Stock Performance

NYSE:MBC opened at $16.59 on Monday. The company has a fifty day simple moving average of $16.05 and a two-hundred day simple moving average of $16.53. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 11.68 and a beta of 1.49. The company has a quick ratio of 1.43, a current ratio of 2.24 and a debt-to-equity ratio of 0.55. MasterBrand, Inc. has a 52 week low of $10.53 and a 52 week high of $19.07.

MasterBrand (NYSE:MBC) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate 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%.

Insider Transactions at MasterBrand

In other news, Director Ann F. Hackett sold 17,589 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total transaction of $280,544.55. Following the completion of the transaction, the director now directly owns 45,520 shares of the company’s stock, valued at approximately $726,044. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.38% of the company’s stock.

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.