16,726 Shares in MasterBrand, Inc. (NYSE:MBC) Purchased by AXQ Capital LP

AXQ Capital LP purchased a new position in shares of MasterBrand, Inc. (NYSE:MBC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,726 shares of the company’s stock, valued at approximately $244,000.

Several other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in MasterBrand by 7.5% during the fourth quarter. American Century Companies Inc. now owns 315,622 shares of the company’s stock worth $4,611,000 after purchasing an additional 22,034 shares in the last quarter. Quantbot Technologies LP purchased a new position in MasterBrand during the fourth quarter worth about $515,000. Summit Global Investments raised its holdings in MasterBrand by 28.9% during the fourth quarter. Summit Global Investments now owns 26,275 shares of the company’s stock worth $384,000 after purchasing an additional 5,897 shares in the last quarter. Boston Partners raised its holdings in MasterBrand by 82.2% during the fourth quarter. Boston Partners now owns 5,237,123 shares of the company’s stock worth $76,558,000 after purchasing an additional 2,363,308 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in MasterBrand by 3.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 5,083,041 shares of the company’s stock worth $74,264,000 after purchasing an additional 156,993 shares in the last quarter. 87.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MasterBrand

In other MasterBrand news, Director Juliana L. Chugg acquired 6,989 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $14.17 per share, with a total value of $99,034.13. Following the purchase, the director now directly owns 33,424 shares in the company, valued at approximately $473,618.08. This trade represents a 26.44 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Crisci acquired 20,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were acquired 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 represents a 43.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Loop Capital dropped their target price on shares of MasterBrand from $21.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, February 19th.

MasterBrand Trading Down 3.2 %

Shares of MasterBrand stock opened at $13.37 on Monday. MasterBrand, Inc. has a 12-month low of $12.68 and a 12-month high of $20.67. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.71 billion, a PE ratio of 13.78 and a beta of 1.77. The company has a 50-day moving average of $15.53 and a two-hundred day moving average of $16.40.

MasterBrand (NYSE:MBC) last issued its earnings results on Tuesday, February 18th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). MasterBrand had a net margin of 4.66% and a return on equity of 13.89%. The company had revenue of $667.70 million during the quarter, compared to analysts’ expectations of $722.85 million.

MasterBrand announced that its Board of Directors has initiated a share buyback program on Monday, March 17th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.