Deutsche Bank AG Sells 171,563 Shares of MasterBrand, Inc. (NYSE:MBC)

Deutsche Bank AG decreased its stake in MasterBrand, Inc. (NYSE:MBC - Free Report) by 30.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,529 shares of the company's stock after selling 171,563 shares during the quarter. Deutsche Bank AG owned approximately 0.30% of MasterBrand worth $5,662,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MBC. Smartleaf Asset Management LLC boosted its stake in 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 buying an additional 1,549 shares in the last quarter. KBC Group NV boosted its stake in MasterBrand by 52.0% in the 4th quarter. KBC Group NV now owns 5,800 shares of the company's stock valued at $85,000 after buying an additional 1,983 shares in the last quarter. Caxton Associates LP acquired a new stake in MasterBrand in the 4th quarter valued at $148,000. Proficio Capital Partners LLC acquired a new stake in MasterBrand in the 4th quarter valued at $150,000. Finally, Cetera Investment Advisers acquired a new stake in MasterBrand in the 4th quarter valued at $164,000. Institutional investors and hedge funds own 87.32% of the company's stock.

Wall Street Analysts Forecast Growth

MBC has been the topic of a number of recent analyst reports. Loop Capital reduced their price objective on MasterBrand from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Zelman & Associates reissued an "underperform" rating on shares of MasterBrand in a research note on Monday, April 14th.

MasterBrand Price Performance

MasterBrand stock traded down $0.16 on Friday, reaching $9.80. The company's stock had a trading volume of 834,011 shares, compared to its average volume of 980,776. 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 company has a market cap of $1.24 billion, a price-to-earnings ratio of 10.10 and a beta of 1.74. The business's fifty day moving average price is $11.88 and its 200 day moving average price is $14.46. MasterBrand, Inc. has a twelve month low of $9.63 and a twelve month high of $20.67.

MasterBrand (NYSE:MBC - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). The firm had revenue of $660.30 million for the quarter, compared to the consensus estimate of $663.95 million. MasterBrand had a return on equity of 13.89% and a net margin of 4.66%.

MasterBrand announced that its board has approved a share repurchase plan on Monday, March 17th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

Insider Transactions at MasterBrand

In other news, Director Robert Crisci bought 20,000 shares of the company's stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $14.08 per share, for a total transaction of $281,600.00. Following the completion of the transaction, the director now directly owns 66,435 shares in the company, valued at $935,404.80. The trade was a 43.07% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Juliana L. Chugg bought 6,989 shares of the company's stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $14.17 per share, with a total value of $99,034.13. Following the transaction, the director now owns 33,424 shares of the company's stock, valued at $473,618.08. The trade was a 26.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.38% of the stock is currently owned by corporate insiders.

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.