MasterBrand (NYSE:MBC) Hits New 52-Week High at $19.10

MasterBrand, Inc. (NYSE:MBC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $19.10 and last traded at $18.95, with a volume of 101565 shares changing hands. The stock had previously closed at $18.87.

MasterBrand Stock Performance

The stock’s 50-day moving average is $16.39 and its 200-day moving average is $16.55. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 13.29 and a beta of 1.49. The company has a current ratio of 2.24, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55.

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

Insider Activity at MasterBrand

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

Hedge Funds Weigh In On MasterBrand

Hedge funds and other institutional investors have recently bought and sold shares of the business. SageView Advisory Group LLC purchased a new stake in shares of MasterBrand during the first quarter worth approximately $25,000. Covestor Ltd lifted its stake 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 acquiring an additional 665 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of MasterBrand in the 2nd quarter valued at approximately $36,000. GAMMA Investing LLC raised its holdings in shares of MasterBrand by 51.2% in the 1st quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock valued at $41,000 after purchasing an additional 748 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of MasterBrand during the 1st quarter worth $43,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

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.