Victory Capital Management Inc. Acquires 9,130 Shares of MasterBrand, Inc. (NYSE:MBC)

Victory Capital Management Inc. grew its holdings in MasterBrand, Inc. (NYSE:MBC) by 4.8% during the 4th quarter, HoldingsChannel reports. The firm owned 201,306 shares of the company’s stock after purchasing an additional 9,130 shares during the quarter. Victory Capital Management Inc.’s holdings in MasterBrand were worth $2,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MBC. Smartleaf Asset Management LLC increased its stake in shares of MasterBrand by 150.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company’s stock valued at $37,000 after purchasing an additional 1,549 shares during the last quarter. Quest Partners LLC grew its position in MasterBrand by 33.3% during the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock worth $61,000 after acquiring an additional 821 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in MasterBrand by 52.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock worth $66,000 after acquiring an additional 1,216 shares during the last quarter. KBC Group NV grew its position in MasterBrand by 52.0% during the 4th quarter. KBC Group NV now owns 5,800 shares of the company’s stock worth $85,000 after acquiring an additional 1,983 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its position in MasterBrand by 39.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock worth $89,000 after acquiring an additional 1,364 shares during the last quarter. Institutional investors own 87.32% of the company’s stock.

Analysts Set New Price Targets

Separately, Loop Capital reduced their price objective on MasterBrand from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th.

MasterBrand Trading Up 2.9 %

Shares of MBC stock opened at $13.38 on Monday. The stock’s fifty day simple moving average is $15.67 and its 200 day simple moving average is $16.47. MasterBrand, Inc. has a twelve month low of $12.68 and a twelve month high of $20.67. The firm has a market capitalization of $1.71 billion, a P/E ratio of 13.79 and a beta of 1.77. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.78.

MasterBrand (NYSE:MBC) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). MasterBrand had a net margin of 4.66% and a return on equity of 13.89%. The company had revenue of $667.70 million during the quarter, compared to the consensus estimate of $722.85 million.

Insider Buying and Selling at MasterBrand

In other MasterBrand news, Director Robert Crisci acquired 20,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $14.08 per share, with a total value of $281,600.00. Following the purchase, the director now directly owns 66,435 shares of the company’s stock, valued at $935,404.80. This trade represents a 43.07 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Juliana L. Chugg acquired 6,989 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $14.17 per share, for a total transaction of $99,034.13. Following the completion of the purchase, the director now directly owns 33,424 shares in the company, valued at $473,618.08. This trade represents a 26.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.38% 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.