Insider Selling: MasterBrand, Inc. (NYSE:MBC) CAO Sells $76,995.95 in Stock

MasterBrand, Inc. (NYSE:MBC) CAO Mark A. Young sold 4,715 shares of MasterBrand 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 owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

MasterBrand Stock Up 0.2 %

Shares of 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 business has a fifty day moving average of $16.39 and a 200 day moving average of $16.56. The company has a market cap of $2.40 billion, a PE ratio of 13.29 and a beta of 1.49. MasterBrand, Inc. has a 52-week low of $10.53 and a 52-week high of $19.07.

MasterBrand (NYSE:MBC) last announced its earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share 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 business had revenue of $676.50 million for the quarter.

Institutional Trading of MasterBrand

Institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its stake in shares of MasterBrand by 246.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 154,393 shares of the company’s stock valued at $2,893,000 after buying an additional 109,860 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in MasterBrand by 23.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,797,378 shares of the company’s stock valued at $26,691,000 after acquiring an additional 338,497 shares during the period. Vanguard Group Inc. grew its position in MasterBrand by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 10,646,110 shares of the company’s stock valued at $199,508,000 after acquiring an additional 346,346 shares during the last quarter. Allianz Asset Management GmbH increased its stake in MasterBrand by 45.0% in the fourth quarter. Allianz Asset Management GmbH now owns 210,643 shares of the company’s stock worth $3,128,000 after purchasing an additional 65,390 shares during the period. Finally, Trexquant Investment LP bought a new stake in shares of MasterBrand during the fourth quarter worth $975,000. Institutional investors 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.