MasterBrand, Inc. (NYSE:MBC) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 11.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,407,605 shares of the company’s stock after acquiring an additional 448,840 shares during the quarter. Thrivent Financial for Lutherans’ holdings in MasterBrand were worth $64,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd lifted 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. Arizona State Retirement System raised its position in MasterBrand by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 35,554 shares of the company’s stock worth $522,000 after buying an additional 717 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of MasterBrand by 51.2% in the 1st quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock worth $41,000 after acquiring an additional 748 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of MasterBrand by 1.5% in the second quarter. Wedge Capital Management L L P NC now owns 63,799 shares of the company’s stock valued at $937,000 after acquiring an additional 942 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of MasterBrand by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the company’s stock valued at $938,000 after acquiring an additional 1,100 shares in the last quarter. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MasterBrand

In other MasterBrand news, CAO Mark A. Young sold 4,715 shares of the business’s stock in a transaction on Friday, September 13th. The shares were 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 in the company, valued at approximately $737,266.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the completion of the transaction, the director now directly owns 45,520 shares of the company’s stock, valued at $726,044. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $16.33, for a total transaction of $76,995.95. Following the sale, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at $737,266.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,806 shares of company stock valued at $365,567. 1.38% of the stock is owned by company insiders.

MasterBrand Trading Up 0.2 %

NYSE MBC opened at $18.87 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.24 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $2.40 billion, a P/E ratio of 13.29 and a beta of 1.49. MasterBrand, Inc. has a 52-week low of $10.53 and a 52-week high of $19.07. The firm has a 50-day moving average price of $16.39 and a 200 day moving average price of $16.56.

MasterBrand (NYSE:MBC) last issued its earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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.

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.