Mutual of America Capital Management LLC Trims Stake in MasterBrand, Inc. (NYSE:MBC)

Mutual of America Capital Management LLC lessened its holdings in shares of MasterBrand, Inc. (NYSE:MBC) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,112 shares of the company’s stock after selling 1,763 shares during the period. Mutual of America Capital Management LLC’s holdings in MasterBrand were worth $354,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MBC. Vanguard Group Inc. lifted its stake in shares of MasterBrand by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 10,646,110 shares of the company’s stock worth $199,508,000 after acquiring an additional 346,346 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of MasterBrand by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 79,586 shares of the company’s stock worth $1,492,000 after purchasing an additional 3,871 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of MasterBrand by 345.8% during the first quarter. Jane Street Group LLC now owns 207,321 shares of the company’s stock valued at $3,885,000 after purchasing an additional 160,812 shares during the period. Comerica Bank grew its holdings in shares of MasterBrand by 15.2% in the first quarter. Comerica Bank now owns 78,178 shares of the company’s stock worth $1,465,000 after purchasing an additional 10,286 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of MasterBrand in the second quarter worth about $161,000. Institutional investors own 87.32% of the company’s stock.

Insider Buying and Selling

In other news, CAO Mark A. Young sold 4,715 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann F. Hackett sold 17,589 shares of the company’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 sale, the director now owns 45,520 shares of the company’s stock, valued at $726,044. This trade represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,806 shares of company stock valued at $365,567 over the last three months. 1.38% of the stock is owned by company insiders.

MasterBrand Stock Down 0.3 %

Shares of NYSE MBC opened at $17.20 on Thursday. The stock has a 50 day moving average price of $17.81 and a 200 day moving average price of $16.58. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 15.13 and a beta of 1.53. MasterBrand, Inc. has a 52-week low of $13.16 and a 52-week high of $20.67. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.02 and a current ratio of 1.82.

MasterBrand (NYSE:MBC) last issued its 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. The business had revenue of $718.10 million during the quarter. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%.

Analysts Set New Price Targets

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

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.