MasterBrand, Inc. (NYSE:MBC) CAO Mark A. Young Sells 4,715 Shares of Stock

MasterBrand, Inc. (NYSE:MBC) CAO Mark A. Young sold 4,715 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 45,148 shares in the company, valued at approximately $737,266.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

MasterBrand Stock Performance

MBC opened at $18.83 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.24 and a quick ratio of 1.43. The business has a fifty day simple moving average of $16.24 and a 200 day simple moving average of $16.53. MasterBrand, Inc. has a 1 year low of $10.53 and a 1 year high of $19.07. The company has a market capitalization of $2.39 billion, a PE ratio of 13.26 and a beta of 1.49.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. SageView Advisory Group LLC bought a new stake in shares of MasterBrand in the first quarter valued at approximately $25,000. Covestor Ltd lifted its position in shares of MasterBrand by 71.4% during the 1st quarter. Covestor Ltd now owns 1,596 shares of the company’s stock valued at $30,000 after acquiring an additional 665 shares during the period. Quest Partners LLC acquired a new stake in shares of MasterBrand during the 2nd quarter worth $36,000. GAMMA Investing LLC grew its holdings in shares of MasterBrand by 51.2% during the 1st quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock worth $41,000 after purchasing an additional 748 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of MasterBrand in the first quarter worth $43,000. 87.32% of the stock is owned by institutional investors.

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.