Public Sector Pension Investment Board Sells 9,800 Shares of MasterBrand, Inc. (NYSE:MBC)

Public Sector Pension Investment Board lowered its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 3.5% in the third quarter, Holdings Channel reports. The institutional investor owned 269,589 shares of the company’s stock after selling 9,800 shares during the period. Public Sector Pension Investment Board’s holdings in MasterBrand were worth $4,998,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in MasterBrand by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 79,586 shares of the company’s stock worth $1,492,000 after purchasing an additional 3,871 shares in the last quarter. Jane Street Group LLC raised its holdings in MasterBrand by 345.8% during the 1st quarter. Jane Street Group LLC now owns 207,321 shares of the company’s stock worth $3,885,000 after purchasing an additional 160,812 shares during the last quarter. Comerica Bank raised its stake in shares of MasterBrand by 15.2% during the first quarter. Comerica Bank now owns 78,178 shares of the company’s stock worth $1,465,000 after buying an additional 10,286 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of MasterBrand in the 2nd quarter worth $161,000. Finally, Wedge Capital Management L L P NC grew its position in shares of MasterBrand by 1.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 63,799 shares of the company’s stock worth $937,000 after buying an additional 942 shares during the period. 87.32% of the stock is currently owned by institutional investors.

MasterBrand Stock Performance

Shares of MasterBrand stock opened at $17.30 on Monday. The stock’s 50-day moving average is $17.74 and its 200-day moving average is $16.59. MasterBrand, Inc. has a one year low of $13.16 and a one year high of $20.67. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 15.18 and a beta of 1.53. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%. The company had revenue of $718.10 million during the quarter.

Insider Transactions at MasterBrand

In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total transaction of $280,544.55. Following the completion of the sale, the director now directly owns 45,520 shares in the company, valued at $726,044. This trade represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction on Friday, September 13th. The shares were 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 directly owns 45,148 shares in the company, valued at approximately $737,266.84. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,806 shares of company stock worth $365,567 in the last ninety days. Insiders own 1.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Loop Capital lifted their target price on MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, October 17th.

About MasterBrand

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.