6 days Ago By Defense World Staff
JPMorgan Chase & Co. boosted its stake in MasterBrand, Inc. (NYSE:MBC – Free Report) by 135.
1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 693,220 shares of the company’s stock after purchasing an additional 398,303 shares during the quarter. JPMorgan Chase & Co.
owned about 0.55% of MasterBrand worth $10,128,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also made changes to their positions in the company.
Smartleaf Asset Management LLC increased its holdings 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 increased its stake in MasterBrand by 52.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock worth $66,000 after acquiring an additional 1,216 shares during the last quarter.
KBC Group NV raised its holdings in shares of MasterBrand by 52.0% during the 4th quarter. KBC Group NV now owns 5,800 shares of the company’s stock worth $85,000 after acquiring an additional 1,983 shares in the last quarter.
TD Private Client Wealth LLC raised its holdings in shares of MasterBrand by 39.9% during the 3rd 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 in the last quarter.
Finally, Proficio Capital Partners LLC bought a new position in shares of MasterBrand during the 4th quarter valued at approximately $150,000. Institutional investors own 87.32% of the company’s stock.
Insider Transactions at MasterBrandIn other MasterBrand news, Director Robert Crisci purchased 20,000 shares of MasterBrand stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of $14.08 per share, for a total transaction of $281,600.
00. Following the completion of the acquisition, the director now owns 66,435 shares in the company, valued at $935,404.80.
This represents a 43.07 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Also, Director Juliana L. Chugg purchased 6,989 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $14.
17 per share, with a total value of $99,034.13. Following the completion of the purchase, the director now directly owns 33,424 shares in the company, valued at $473,618.
08. The trade was a 26.44 % increase in their position.
The disclosure for this purchase can be found here. Company insiders own 1.38% of the company’s stock.
Wall Street Analysts Forecast GrowthSeveral equities research analysts recently weighed in on the stock. Zelman & Associates restated an “underperform” rating on shares of MasterBrand in a research report on Monday. Loop Capital decreased their target price on shares of MasterBrand from $21.
00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th.View Our Latest Research Report on MasterBrandMasterBrand Trading Down 3.
4 %Shares of MBC stock opened at $11.82 on Tuesday. The company has a market cap of $1.
51 billion, a PE ratio of 12.19 and a beta of 1.70.
The company has a debt-to-equity ratio of 0.78, a current ratio of 1.65 and a quick ratio of 1.
02. The stock’s 50 day simple moving average is $13.90 and its two-hundred day simple moving average is $15.
83. MasterBrand, Inc. has a 1 year low of $10.
84 and a 1 year high of $20.67. MasterBrand (NYSE:MBC – Get Free Report) last released its quarterly earnings results on Tuesday, February 18th.
The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.
17). The company had revenue of $667.70 million for the quarter, compared to analysts’ expectations of $722.
85 million. MasterBrand had a net margin of 4.66% and a return on equity of 13.
89%. MasterBrand declared that its board has approved a stock buyback program on Monday, March 17th that authorizes the company to repurchase $50.00 million in outstanding shares.
This repurchase authorization authorizes the company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
About MasterBrand (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.
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