Victory Capital Management Inc. Grows Position in MasterBrand, Inc. (NYSE:MBC)

Victory Capital Management Inc. increased its position in shares of MasterBrand, Inc. (NYSE:MBC) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 192,176 shares of the company’s stock after purchasing an additional 2,984 shares during the period. Victory Capital Management Inc. owned approximately 0.15% of MasterBrand worth $3,563,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MBC. Bridgeway Capital Management LLC purchased a new position in shares of MasterBrand during the 1st quarter worth about $20,894,000. Mawer Investment Management Ltd. purchased a new stake in MasterBrand in the 2nd quarter valued at about $9,873,000. Dimensional Fund Advisors LP boosted its position in MasterBrand by 12.3% in the 2nd 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 period. Hennessy Advisors Inc. purchased a new stake in MasterBrand in the 2nd quarter valued at about $6,710,000. Finally, Thrivent Financial for Lutherans boosted its position in MasterBrand by 11.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,407,605 shares of the company’s stock valued at $64,703,000 after buying an additional 448,840 shares during the period. 87.32% of the stock is owned by hedge funds and other institutional investors.

MasterBrand Price Performance

MasterBrand stock opened at $17.19 on Friday. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 15.08 and a beta of 1.53. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02. MasterBrand, Inc. has a 1 year low of $13.16 and a 1 year high of $20.67. The firm has a 50-day moving average of $17.80 and a two-hundred day moving average of $16.57.

MasterBrand (NYSE:MBC) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.06. MasterBrand had a net margin of 5.46% and a return on equity of 15.51%. The firm had revenue of $718.10 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Loop Capital boosted their price objective on shares of MasterBrand from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, October 17th.

Insider Transactions at MasterBrand

In other news, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $16.33, for a total value of $76,995.95. Following the completion of the sale, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. This represents a 9.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann F. Hackett sold 17,589 shares of the company’s 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 sale, the director now directly owns 45,520 shares of the company’s stock, valued at $726,044. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,806 shares of company stock valued at $365,567. Company 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.