Renaissance Technologies LLC Raises Stock Position in MasterBrand, Inc. (NYSE:MBC)

Renaissance Technologies LLC lifted its position in MasterBrand, Inc. (NYSE:MBC) by 7.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,442,018 shares of the company’s stock after purchasing an additional 94,800 shares during the period. Renaissance Technologies LLC owned 1.14% of MasterBrand worth $21,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SageView Advisory Group LLC bought a new stake in MasterBrand during the 1st quarter valued at $25,000. Covestor Ltd increased its stake in shares of MasterBrand by 71.4% during the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock valued at $30,000 after buying an additional 665 shares during the period. Quest Partners LLC bought a new stake in shares of MasterBrand in the second quarter valued at about $36,000. GAMMA Investing LLC lifted its stake in MasterBrand by 51.2% in the first quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock worth $41,000 after acquiring an additional 748 shares during the period. Finally, Mather Group LLC. bought a new position in MasterBrand during the 1st quarter worth about $43,000. Institutional investors own 87.32% of the company’s stock.

Insider Activity

In other news, Director Ann F. Hackett sold 17,589 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total value 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 filing with the SEC, which is available at this hyperlink. In other news, CAO Mark A. Young sold 4,715 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $16.33, for a total value of $76,995.95. Following the sale, the chief accounting officer now directly owns 45,148 shares in the company, valued at approximately $737,266.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann F. Hackett sold 17,589 shares of MasterBrand stock in a transaction that occurred on 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 in the company, valued at approximately $726,044. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,806 shares of company stock worth $365,567. 1.38% of the stock is currently owned by company insiders.

MasterBrand Trading Up 0.2 %

NYSE MBC opened at $18.87 on Friday. MasterBrand, Inc. has a one year low of $10.53 and a one year high of $19.07. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 2.24. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 13.29 and a beta of 1.49. The company’s 50-day simple moving average is $16.32 and its two-hundred day simple moving average is $16.55.

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

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.