Foundry Partners LLC Invests $4.95 Million in MasterBrand, Inc. (NYSE:MBC)

Foundry Partners LLC bought a new position in shares of MasterBrand, Inc. (NYSE:MBC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 267,104 shares of the company’s stock, valued at approximately $4,952,000. Foundry Partners LLC owned 0.21% of MasterBrand as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Covestor Ltd boosted its stake in MasterBrand by 71.4% during the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock worth $30,000 after buying an additional 665 shares in the last quarter. Arizona State Retirement System grew its position in shares of MasterBrand by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 35,554 shares of the company’s stock valued at $522,000 after purchasing an additional 717 shares during the period. Quest Partners LLC boosted 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. GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 890 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in MasterBrand by 1.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 63,799 shares of the company’s stock valued at $937,000 after acquiring an additional 942 shares during the period. Institutional investors own 87.32% of the company’s stock.

MasterBrand Stock Up 1.8 %

Shares of NYSE:MBC opened at $16.71 on Friday. The business’s 50 day moving average is $17.78 and its 200 day moving average is $16.58. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83. MasterBrand, Inc. has a 12-month low of $12.99 and a 12-month high of $20.67. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 14.66 and a beta of 1.53.

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

Insider Buying and Selling

In other MasterBrand news, CAO Mark A. Young sold 4,715 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the sale, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann F. Hackett sold 17,589 shares of the firm’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 completion of the transaction, the director now owns 45,520 shares of the company’s stock, valued at $726,044. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,806 shares of company stock worth $365,567. Corporate insiders own 1.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Loop Capital raised their price target 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.