MasterBrand, Inc. (NYSE:MBC) Stock Position Lowered by Public Sector Pension Investment Board

Public Sector Pension Investment Board decreased its position in MasterBrand, Inc. (NYSE:MBC) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 269,589 shares of the company’s stock after selling 9,800 shares during the quarter. Public Sector Pension Investment Board owned about 0.21% of MasterBrand worth $4,998,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Mawer Investment Management Ltd. bought a new position in shares of MasterBrand during the 2nd quarter valued at about $9,873,000. Thrivent Financial for Lutherans lifted its stake in MasterBrand by 11.8% during the third quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company’s stock valued at $91,329,000 after purchasing an additional 518,443 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in MasterBrand by 12.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company’s stock worth $66,738,000 after buying an additional 497,327 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in MasterBrand in the second quarter worth approximately $6,710,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of MasterBrand by 18.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,092,694 shares of the company’s stock valued at $38,799,000 after buying an additional 330,874 shares in the last quarter. Institutional investors own 87.32% of the company’s stock.

MasterBrand Price Performance

Shares of NYSE:MBC opened at $17.30 on Monday. The company’s fifty day moving average is $17.74 and its two-hundred day moving average is $16.59. The company has a market cap of $2.20 billion, a P/E ratio of 15.18 and a beta of 1.53. MasterBrand, Inc. has a 12-month low of $13.16 and a 12-month high of $20.67. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83.

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

Analyst Upgrades and Downgrades

Separately, Loop Capital lifted 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 Transactions at MasterBrand

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

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.