Empowered Funds LLC Grows Position in MasterBrand, Inc. (NYSE:MBC)

Empowered Funds LLC raised its position in shares of MasterBrand, Inc. (NYSE:MBC) by 5.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 618,736 shares of the company’s stock after buying an additional 31,490 shares during the quarter. Empowered Funds LLC owned about 0.49% of MasterBrand worth $11,471,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SageView Advisory Group LLC acquired a new position in MasterBrand in the 1st quarter worth approximately $25,000. Covestor Ltd lifted its holdings in MasterBrand by 71.4% in the 1st quarter. Covestor Ltd now owns 1,596 shares of the company’s stock valued at $30,000 after purchasing an additional 665 shares in the last quarter. Quest Partners LLC purchased a new position in MasterBrand in the 2nd quarter valued at $36,000. GAMMA Investing LLC lifted its holdings in MasterBrand by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock valued at $52,000 after purchasing an additional 890 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of MasterBrand during the 2nd quarter worth $75,000. 87.32% of the stock is owned by hedge funds and other institutional investors.

MasterBrand Stock Down 0.1 %

Shares of MasterBrand stock traded down $0.01 on Friday, reaching $17.00. 31,269 shares of the company were exchanged, compared to its average volume of 923,428. MasterBrand, Inc. has a 1-year low of $12.70 and a 1-year high of $20.67. The company has a market cap of $2.16 billion, a P/E ratio of 14.92 and a beta of 1.53. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02. The stock’s 50 day moving average price is $17.69 and its 200-day moving average price is $16.59.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Ann F. Hackett sold 17,589 shares of the company’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 owns 45,520 shares of the company’s stock, valued at $726,044. This represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $16.33, for a total value of $76,995.95. Following the transaction, the chief accounting officer now directly owns 45,148 shares in the company, valued at $737,266.84. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,806 shares of company stock worth $365,567 over the last 90 days. 1.38% of the stock is owned by insiders.

MasterBrand 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.