MasterBrand, Inc. (NYSE:MBC) Shares Bought by North Growth Management Ltd.

North Growth Management Ltd. lifted its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,000 shares of the company’s stock after buying an additional 1,000 shares during the quarter. North Growth Management Ltd. owned approximately 0.14% of MasterBrand worth $3,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MBC. SageView Advisory Group LLC bought a new stake in shares of MasterBrand in the 1st quarter valued at approximately $25,000. Covestor Ltd increased its stake in MasterBrand by 71.4% during the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock valued at $30,000 after purchasing an additional 665 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of MasterBrand during the second quarter worth $36,000. GAMMA Investing LLC raised its holdings in shares of MasterBrand by 46.3% during the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock worth $52,000 after purchasing an additional 890 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of MasterBrand in the 2nd quarter worth about $75,000. Institutional investors own 87.32% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Mark A. Young sold 4,715 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 45,148 shares in the company, valued at approximately $737,266.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $16.33, for a total value of $76,995.95. Following the completion of the sale, the chief accounting officer now directly owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann F. Hackett sold 17,589 shares of the 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 transaction, the director now directly owns 45,520 shares of the company’s stock, valued at approximately $726,044. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,806 shares of company stock worth $365,567. Insiders own 1.38% of the company’s stock.

MasterBrand Trading Up 2.3 %

Shares of NYSE MBC opened at $17.44 on Tuesday. MasterBrand, Inc. has a 12-month low of $11.94 and a 12-month high of $20.67. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 15.30 and a beta of 1.53. The company has a current ratio of 1.82, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The stock’s 50 day simple moving average is $17.63 and its 200 day simple moving average is $16.59.

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

Analyst Ratings Changes

Separately, Loop Capital increased their price objective on shares of MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th.

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.