2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in MasterBrand, Inc. ( NYSE:MBC – Free Report ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,000 shares of the company’s stock, valued at approximately $409,000.
Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of MasterBrand by 150.7% in the fourth quarter.
Smartleaf Asset Management LLC now owns 2,577 shares of the company’s stock worth $37,000 after purchasing an additional 1,549 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of MasterBrand by 52.4% in the 3rd quarter.
Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock valued at $66,000 after buying an additional 1,216 shares during the last quarter. KBC Group NV increased its stake in shares of MasterBrand by 52.0% in the fourth quarter.
KBC Group NV now owns 5,800 shares of the company’s stock valued at $85,000 after buying an additional 1,983 shares during the period. TD Private Client Wealth LLC raised its position in shares of MasterBrand by 39.9% during the third quarter.
TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock worth $89,000 after acquiring an additional 1,364 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of MasterBrand in the fourth quarter worth approximately $150,000. Institutional investors own 87.
32% of the company’s stock. Analyst Ratings Changes Separately, Loop Capital decreased their target price on shares of MasterBrand from $21.00 to $19.
00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. MasterBrand Trading Up 1.5 % MBC opened at $12.
48 on Friday. The stock has a market cap of $1.59 billion, a PE ratio of 12.
87 and a beta of 1.77. The company has a quick ratio of 1.
02, a current ratio of 1.65 and a debt-to-equity ratio of 0.78.
MasterBrand, Inc. has a twelve month low of $11.64 and a twelve month high of $20.
67. The company has a fifty day moving average of $14.80 and a 200-day moving average of $16.
19. MasterBrand ( NYSE:MBC – Get Free Report ) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.
21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17).
The business had revenue of $667.70 million for the quarter, compared to analyst estimates of $722.85 million.
MasterBrand had a return on equity of 13.89% and a net margin of 4.66%.
MasterBrand declared that its board has authorized a share repurchase program on Monday, March 17th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 2.
9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued. Insiders Place Their Bets In related news, Director Robert Crisci purchased 20,000 shares of the firm’s stock in a transaction on Friday, February 28th.
The stock was purchased at an average cost of $14.08 per share, with a total value of $281,600.00.
Following the completion of the purchase, the director now owns 66,435 shares in the company, valued at approximately $935,404.80. This trade represents a 43.
07 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, Director Juliana L.
Chugg acquired 6,989 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $14.17 per share, for a total transaction of $99,034.
13. Following the transaction, the director now directly owns 33,424 shares in the company, valued at approximately $473,618.08.
This represents a 26.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
1.38% of the stock is currently owned by corporate insiders. MasterBrand Profile ( Free Report ) 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. See Also Five stocks we like better than MasterBrand 3 Warren Buffett Stocks to Buy Now Archer Aviation’s Africa Deal Could Boost ACHR Stock What Investors Need to Know to Beat the Market Are Short Sellers Wrong About These 3 Semiconductor Stocks? Dividend Payout Ratio Calculator Boeing Gets $50B in March Orders—Is BA Stock a Buy Now? Receive News & Ratings for MasterBrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasterBrand and related companies with MarketBeat.
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