PNC Financial Services Group Inc. Has $1.75 Million Stake in MasterBrand, Inc. (NYSE:MBC)

PNC Financial Services Group Inc. boosted its position in MasterBrand, Inc. (NYSE:MBC) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,554 shares of the company’s stock after purchasing an additional 1,107 shares during the period. PNC Financial Services Group Inc. owned 0.07% of MasterBrand worth $1,753,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of MasterBrand during the second quarter worth about $36,000. GAMMA Investing LLC increased its position in MasterBrand by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock valued at $52,000 after acquiring an additional 890 shares during the period. nVerses Capital LLC bought a new position in shares of MasterBrand during the second quarter valued at $75,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of MasterBrand during the second quarter worth $161,000. Finally, Optimum Investment Advisors grew its stake in shares of MasterBrand by 1,700.0% in the third quarter. Optimum Investment Advisors now owns 9,000 shares of the company’s stock worth $167,000 after purchasing an additional 8,500 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors.

MasterBrand Price Performance

Shares of MBC opened at $17.26 on Wednesday. The business has a 50-day moving average of $17.82 and a 200-day moving average of $16.58. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 15.14 and a beta of 1.53. MasterBrand, Inc. has a 1 year low of $13.16 and a 1 year high of $20.67.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $718.10 million for the quarter.

Insider Activity at MasterBrand

In other news, CAO Mark A. Young sold 4,715 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $16.33, for a total value of $76,995.95. Following 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 9.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann F. Hackett sold 17,589 shares of the firm’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 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. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,806 shares of company stock worth $365,567 over the last quarter. Company insiders own 1.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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