MasterBrand, Inc. (NYSE:MBC) Director Ann F. Hackett Sells 17,589 Shares

MasterBrand, Inc. (NYSE:MBC) 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 transaction of $280,544.55. Following the transaction, the director now directly owns 45,520 shares in the company, valued at approximately $726,044. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

MasterBrand Trading Up 1.2 %

Shares of MasterBrand stock opened at $15.91 on Thursday. MasterBrand, Inc. has a 52-week low of $10.53 and a 52-week high of $19.07. The firm has a market capitalization of $2.02 billion, a PE ratio of 11.20 and a beta of 1.50. 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 company’s fifty day moving average price is $15.98 and its two-hundred day moving average price is $16.53.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data 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.

Hedge Funds Weigh In On MasterBrand

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake 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 buying an additional 346,346 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 in the last quarter. Thrivent Financial for Lutherans increased its position in shares of MasterBrand by 11.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 4,407,605 shares of the company’s stock worth $64,703,000 after purchasing an additional 448,840 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of MasterBrand by 23.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,797,378 shares of the company’s stock worth $26,691,000 after purchasing an additional 338,497 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of 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 purchasing an additional 94,800 shares in the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.

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.