Insider Selling: MasterBrand, Inc. (NYSE:MBC) CAO Sells 4,715 Shares of Stock

MasterBrand, Inc. (NYSE:MBC) CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the sale, the chief accounting officer now directly owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

MasterBrand Trading Up 0.2 %

Shares of MBC stock opened at $18.87 on Friday. MasterBrand, Inc. has a 12-month low of $10.53 and a 12-month high of $19.07. The company has a market capitalization of $2.40 billion, a PE ratio of 13.29 and a beta of 1.49. The firm has a 50 day moving average price of $16.32 and a two-hundred day moving average price of $16.55. The company has a quick ratio of 1.43, a current ratio of 2.24 and a debt-to-equity ratio of 0.55.

MasterBrand (NYSE:MBC) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04. MasterBrand had a return on equity of 16.58% and a net margin of 6.69%. The business had revenue of $676.50 million during the quarter.

Institutional Investors Weigh In On MasterBrand

Institutional investors have recently modified their holdings of the business. SageView Advisory Group LLC acquired a new stake in MasterBrand in the 1st quarter worth about $25,000. Covestor Ltd increased its holdings in shares of MasterBrand by 71.4% during the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock worth $30,000 after purchasing an additional 665 shares during the period. Quest Partners LLC acquired a new stake in shares of MasterBrand in the second quarter valued at approximately $36,000. GAMMA Investing LLC boosted its stake in shares of MasterBrand by 51.2% in the first quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock valued at $41,000 after buying an additional 748 shares during the period. Finally, Mather Group LLC. acquired a new stake in MasterBrand during the first quarter worth approximately $43,000. Institutional investors own 87.32% of the company’s stock.

About MasterBrand

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.