Segall Bryant & Hamill LLC Purchases New Position in MasterBrand, Inc. (NYSE:MBC)

Segall Bryant & Hamill LLC acquired a new stake in shares of MasterBrand, Inc. (NYSE:MBC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 90,037 shares of the company’s stock, valued at approximately $1,669,000. Segall Bryant & Hamill LLC owned approximately 0.07% of MasterBrand as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in MasterBrand by 71.4% in the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock worth $30,000 after purchasing an additional 665 shares in the last quarter. Quest Partners LLC bought a new stake in shares of MasterBrand in the second quarter valued at approximately $36,000. GAMMA Investing LLC grew its stake in shares of MasterBrand by 46.3% in the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock worth $52,000 after acquiring an additional 890 shares during the last quarter. nVerses Capital LLC bought a new position in MasterBrand during the second quarter worth $75,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in MasterBrand during the 2nd quarter valued at $161,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

MasterBrand Trading Up 2.9 %

MasterBrand stock opened at $17.19 on Friday. The business has a 50 day moving average price of $17.80 and a two-hundred day moving average price of $16.57. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83. MasterBrand, Inc. has a 12 month low of $13.16 and a 12 month high of $20.67. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 15.08 and a beta of 1.53.

MasterBrand (NYSE:MBC) last issued its earnings results on Tuesday, November 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.34 by $0.06. The firm had revenue of $718.10 million during the quarter. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%.

Insider Activity

In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of MasterBrand 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 sale, the director now directly owns 45,520 shares of the company’s stock, valued at approximately $726,044. The trade was a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark A. Young sold 4,715 shares of the stock in a transaction that occurred 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 approximately $737,266.84. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,806 shares of company stock worth $365,567. Corporate insiders own 1.38% of the company’s stock.

Wall Street Analyst Weigh In

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

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.