Mawer Investment Management Ltd. Raises Stock Holdings in MasterBrand, Inc. (NYSE:MBC)

Mawer Investment Management Ltd. boosted its holdings in shares of MasterBrand, Inc. (NYSE:MBC) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 694,183 shares of the company’s stock after acquiring an additional 21,658 shares during the quarter. Mawer Investment Management Ltd. owned 0.55% of MasterBrand worth $12,870,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MBC. Janney Montgomery Scott LLC boosted its stake in shares of MasterBrand by 18.7% during the first quarter. Janney Montgomery Scott LLC now owns 18,270 shares of the company’s stock valued at $342,000 after purchasing an additional 2,884 shares during the period. Sei Investments Co. purchased a new position in shares of MasterBrand during the first quarter worth approximately $643,000. ProShare Advisors LLC lifted its holdings in shares of MasterBrand by 6.1% in the 1st quarter. ProShare Advisors LLC now owns 25,778 shares of the company’s stock worth $483,000 after buying an additional 1,486 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of MasterBrand by 246.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 154,393 shares of the company’s stock valued at $2,893,000 after purchasing an additional 109,860 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in MasterBrand by 56.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 49,518 shares of the company’s stock valued at $910,000 after buying an additional 17,770 shares during the period. Institutional investors own 87.32% of the company’s stock.

Analyst Ratings Changes

Separately, Loop Capital upped their target price on MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, October 17th.

Insider Activity at MasterBrand

In related news, Director Ann F. Hackett sold 17,589 shares of MasterBrand stock in a transaction 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 sale, the director now owns 45,520 shares of the company’s stock, valued at approximately $726,044. This trade represents a 27.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $16.33, for a total transaction of $76,995.95. Following the completion of the sale, the chief accounting officer now owns 45,148 shares in the company, valued at approximately $737,266.84. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,806 shares of company stock worth $365,567 over the last three months. Company insiders own 1.38% of the company’s stock.

MasterBrand Stock Up 0.4 %

NYSE:MBC traded up $0.07 during midday trading on Monday, reaching $16.97. 5,827 shares of the stock traded hands, compared to its average volume of 922,516. The business has a 50-day moving average of $17.71 and a two-hundred day moving average of $16.59. The stock has a market capitalization of $2.16 billion, a PE ratio of 14.82 and a beta of 1.53. 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, Inc. has a 12-month low of $12.86 and a 12-month high of $20.67.

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