MasterBrand, Inc. (NYSE:MBC) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in MasterBrand, Inc. (NYSE:MBC) by 11.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,407,605 shares of the company’s stock after acquiring an additional 448,840 shares during the quarter. Thrivent Financial for Lutherans owned 3.47% of MasterBrand worth $64,703,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MBC. Vanguard Group Inc. raised its holdings in shares of MasterBrand by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 10,646,110 shares of the company’s stock valued at $199,508,000 after purchasing an additional 346,346 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in MasterBrand by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company’s stock valued at $66,738,000 after buying an additional 497,327 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in MasterBrand by 23.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,797,378 shares of the company’s stock valued at $26,691,000 after buying an additional 338,497 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in MasterBrand by 7.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,442,018 shares of the company’s stock worth $21,169,000 after buying an additional 94,800 shares during the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in shares of MasterBrand during the 1st quarter worth about $20,894,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the sale, the chief accounting officer now owns 45,148 shares in the company, valued at $737,266.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MasterBrand news, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the transaction, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at $737,266.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ann F. Hackett sold 17,589 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the completion of the sale, the director now owns 45,520 shares of the company’s stock, valued at approximately $726,044. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,806 shares of company stock valued at $365,567. 1.38% of the stock is currently owned by insiders.

MasterBrand Price Performance

Shares of NYSE MBC opened at $18.87 on Friday. The stock’s 50-day simple moving average is $16.39 and its 200-day simple moving average is $16.56. 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 firm has a market capitalization of $2.40 billion, a PE ratio of 13.29 and a beta of 1.49. MasterBrand, Inc. has a fifty-two week low of $10.53 and a fifty-two week high of $19.07.

MasterBrand (NYSE:MBC) last issued its earnings results 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. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%. The business had revenue of $676.50 million during the quarter.

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.