MasterBrand, Inc. (NYSE:MBC) Shares Sold by Algert Global LLC

Algert Global LLC reduced its holdings in MasterBrand, Inc. (NYSE:MBC) by 23.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,800 shares of the company’s stock after selling 3,930 shares during the quarter. Algert Global LLC’s holdings in MasterBrand were worth $188,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MBC. Bridgeway Capital Management LLC acquired a new stake in shares of MasterBrand in the 1st quarter valued at approximately $20,894,000. Mawer Investment Management Ltd. acquired a new position in MasterBrand during the second quarter worth $9,873,000. Empowered Funds LLC acquired a new position in MasterBrand during the first quarter worth $10,212,000. Dimensional Fund Advisors LP raised its holdings in MasterBrand by 12.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company’s stock worth $66,738,000 after purchasing an additional 497,327 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in MasterBrand during the second quarter worth $6,710,000. 87.32% of the stock is owned by institutional investors and hedge funds.

MasterBrand Stock Performance

Shares of MBC stock opened at $17.21 on Friday. The stock has a fifty day moving average price of $16.56 and a 200 day moving average price of $16.55. The stock has a market cap of $2.19 billion, a PE ratio of 12.12 and a beta of 1.49. MasterBrand, Inc. has a 1 year low of $10.53 and a 1 year high of $19.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 2.24.

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

Insider Transactions at MasterBrand

In other news, CAO Mark A. Young sold 4,715 shares of the business’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 completion of the transaction, the chief accounting officer now directly owns 45,148 shares of the company’s stock, valued at $737,266.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Mark A. Young sold 4,715 shares of the business’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 completion of the transaction, the chief accounting officer now directly owns 45,148 shares of the company’s stock, valued at $737,266.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ann F. Hackett sold 17,589 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was 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 approximately $726,044. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,806 shares of company stock valued at $365,567 over the last three months. 1.38% of the stock is currently owned by insiders.

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.