MasterBrand, Inc. (NYSE:MBC) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. decreased its position in shares of MasterBrand, Inc. (NYSE:MBC) by 8.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,795 shares of the company’s stock after selling 952 shares during the quarter. QRG Capital Management Inc.’s holdings in MasterBrand were worth $200,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. SageView Advisory Group LLC acquired a new stake in MasterBrand during the 1st quarter valued at approximately $25,000. Covestor Ltd lifted its position 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 period. Quest Partners LLC purchased a new stake in MasterBrand in the second quarter valued at $36,000. GAMMA Investing LLC grew its position in MasterBrand by 46.3% during the 3rd 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 purchased a new position in shares of MasterBrand during the 2nd quarter valued at about $75,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.

MasterBrand Price Performance

NYSE:MBC opened at $16.75 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.43. The company has a 50 day moving average price of $17.65 and a 200-day moving average price of $16.58. MasterBrand, Inc. has a 1-year low of $11.94 and a 1-year high of $20.67. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 14.69 and a beta of 1.53.

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

Insiders Place Their Bets

In other news, Director Ann F. Hackett sold 17,589 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Ann F. Hackett sold 17,589 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total transaction of $280,544.55. Following the completion of the sale, the director now owns 45,520 shares of the company’s stock, valued at $726,044. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark A. Young sold 4,715 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were 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 $737,266.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,806 shares of company stock worth $365,567. 1.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Loop Capital raised their target price on MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, October 17th.

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.