MasterBrand, Inc. (NYSE:MBC) Shares Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lifted its stake in MasterBrand, Inc. (NYSE:MBC - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,220,450 shares of the company's stock after buying an additional 31,714 shares during the period. Bridgeway Capital Management LLC owned approximately 0.96% of MasterBrand worth $17,831,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in MasterBrand by 150.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company's stock valued at $37,000 after acquiring an additional 1,549 shares during the last quarter. KBC Group NV raised its holdings in shares of MasterBrand by 52.0% during the fourth quarter. KBC Group NV now owns 5,800 shares of the company's stock worth $85,000 after purchasing an additional 1,983 shares during the period. Caxton Associates LP acquired a new position in shares of MasterBrand in the 4th quarter valued at about $148,000. Proficio Capital Partners LLC acquired a new stake in MasterBrand during the fourth quarter worth about $150,000. Finally, Cibc World Markets Corp acquired a new position in MasterBrand in the fourth quarter valued at approximately $173,000. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MBC has been the subject of a number of analyst reports. Loop Capital reduced their target price on shares of MasterBrand from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Zelman & Associates reissued an "underperform" rating on shares of MasterBrand in a report on Monday, April 14th.

MasterBrand Stock Performance

Shares of NYSE MBC opened at $12.28 on Tuesday. 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 firm has a market cap of $1.56 billion, a P/E ratio of 12.65 and a beta of 1.74. The stock has a fifty day moving average price of $12.67 and a two-hundred day moving average price of $15.17. MasterBrand, Inc. has a 1 year low of $10.67 and a 1 year high of $20.67.

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

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

Insider Activity at MasterBrand

In related news, Director Robert Crisci bought 20,000 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 66,435 shares in the company, valued at $935,404.80. This 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 can be accessed through this link. Also, Director Juliana L. Chugg bought 6,989 shares of the firm's stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $14.17 per share, with a total value of $99,034.13. Following the purchase, the director now directly owns 33,424 shares in the company, valued at approximately $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. 1.38% of the stock is currently owned by corporate insiders.

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.

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