MasterBrand, Inc. (NYSE:MBC) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in MasterBrand, Inc. (NYSE:MBC - Free Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,976,769 shares of the company's stock after purchasing an additional 226,818 shares during the quarter. Dimensional Fund Advisors LP owned about 3.92% of MasterBrand worth $72,709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MBC. Empowered Funds LLC grew its stake in shares of MasterBrand by 5.1% in the 4th quarter. Empowered Funds LLC now owns 650,450 shares of the company's stock valued at $9,503,000 after buying an additional 31,714 shares during the period. JPMorgan Chase & Co. grew its position in MasterBrand by 135.1% in the fourth quarter. JPMorgan Chase & Co. now owns 693,220 shares of the company's stock worth $10,128,000 after acquiring an additional 398,303 shares during the period. Barclays PLC raised its position in MasterBrand by 262.4% in the third quarter. Barclays PLC now owns 234,160 shares of the company's stock valued at $4,341,000 after purchasing an additional 169,550 shares during the period. EMG Holdings L.P. acquired a new position in shares of MasterBrand in the 4th quarter valued at $2,865,000. Finally, Principal Financial Group Inc. lifted its stake in shares of MasterBrand by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 685,752 shares of the company's stock valued at $10,019,000 after purchasing an additional 25,222 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MasterBrand

In related news, Director Robert Crisci bought 20,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Juliana L. Chugg purchased 6,989 shares of MasterBrand stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $14.17 per share, for a total transaction of $99,034.13. Following the transaction, the director now directly owns 33,424 shares in the company, valued at $473,618.08. This represents a 26.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.38% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MBC. Zelman & Associates restated an "underperform" rating on shares of MasterBrand in a report on Monday, April 14th. Loop Capital decreased their price objective on shares of MasterBrand from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Monday, April 28th.

MasterBrand Trading Down 0.6 %

Shares of MBC traded down $0.07 during midday trading on Tuesday, hitting $12.17. 66,654 shares of the stock were exchanged, compared to its average volume of 930,282. MasterBrand, Inc. has a 52-week low of $10.67 and a 52-week high of $20.67. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a fifty day simple moving average of $12.67 and a 200 day simple moving average of $15.17. The firm has a market cap of $1.55 billion, a P/E ratio of 12.59 and a beta of 1.74.

MasterBrand (NYSE:MBC - Get Free Report) last announced its 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). The firm had revenue of $667.70 million for the quarter, compared to analysts' expectations of $722.85 million. MasterBrand had a net margin of 4.66% and a return on equity of 13.89%.

MasterBrand announced that its Board of Directors has approved a share buyback plan on Monday, March 17th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

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.