Commonwealth Equity Services LLC Trims Position in MasterBrand, Inc. (NYSE:MBC)

Commonwealth Equity Services LLC decreased its position in shares of MasterBrand, Inc. (NYSE:MBC) by 2.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 29,572 shares of the company’s stock after selling 658 shares during the period. Commonwealth Equity Services LLC’s holdings in MasterBrand were worth $434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SageView Advisory Group LLC purchased a new position in shares of MasterBrand during the first quarter valued at approximately $25,000. Covestor Ltd lifted its stake in shares of 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 buying an additional 665 shares during the period. GAMMA Investing LLC lifted its stake in shares of MasterBrand by 51.2% during 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. Mather Group LLC. purchased a new position in shares of MasterBrand during the first quarter valued at approximately $43,000. Finally, Riverview Trust Co purchased a new position in MasterBrand during the first quarter worth approximately $87,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.

MasterBrand Stock Performance

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 company has a market cap of $2.40 billion, a P/E ratio of 13.29 and a beta of 1.49. MasterBrand, Inc. has a fifty-two week low of $10.53 and a fifty-two week high of $19.07. The firm’s 50 day moving average is $16.39 and its two-hundred day moving average is $16.56.

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

Insider Transactions at MasterBrand

In other news, Director Ann F. Hackett sold 17,589 shares of the stock in a transaction on 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 sale, the director now owns 45,520 shares of the company’s stock, valued at $726,044. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Mark A. Young sold 4,715 shares of the firm’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 completion of the sale, the chief accounting officer now directly owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ann F. Hackett sold 17,589 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 45,520 shares of the company’s stock, valued at $726,044. The disclosure for this sale can be found here. Insiders sold 22,806 shares of company stock valued at $365,567 over the last 90 days. Corporate insiders own 1.38% of the company’s stock.

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.