Occudo Quantitative Strategies LP Grows Stake in MasterBrand, Inc. (NYSE:MBC)

Occudo Quantitative Strategies LP boosted its stake in MasterBrand, Inc. (NYSE:MBC - Free Report) by 176.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,966 shares of the company's stock after purchasing an additional 45,917 shares during the period. Occudo Quantitative Strategies LP owned approximately 0.06% of MasterBrand worth $1,051,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position 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 buying an additional 1,549 shares in the last quarter. KBC Group NV increased its holdings in shares of MasterBrand by 52.0% during the 4th quarter. KBC Group NV now owns 5,800 shares of the company's stock valued at $85,000 after purchasing an additional 1,983 shares in the last quarter. Caxton Associates LP acquired a new position in shares of MasterBrand during the 4th quarter worth approximately $148,000. Proficio Capital Partners LLC acquired a new position in shares of MasterBrand during the 4th quarter worth approximately $150,000. Finally, Cetera Investment Advisers acquired a new position in MasterBrand in the 4th quarter valued at $164,000. Institutional investors own 87.32% of the company's stock.

Insider Buying and Selling

In other MasterBrand news, Director Robert Crisci purchased 20,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $14.08 per share, for a total transaction of $281,600.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Juliana L. Chugg acquired 6,989 shares of the company's stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $14.17 per share, with a total value of $99,034.13. Following the purchase, the director now owns 33,424 shares of the company's stock, 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 owned by corporate insiders.

MasterBrand Stock Down 1.9%

Shares of NYSE MBC traded down $0.21 during trading hours on Monday, hitting $10.96. The stock had a trading volume of 116,686 shares, compared to its average volume of 970,853. The company has a market capitalization of $1.39 billion, a P/E ratio of 11.29 and a beta of 1.74. 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's 50-day moving average price is $12.18 and its two-hundred day moving average price is $14.70. MasterBrand, Inc. has a 52 week low of $9.78 and a 52 week high of $20.67.

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

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on MBC. Zelman & Associates reaffirmed an "underperform" rating on shares of MasterBrand in a research report on Monday, April 14th. Loop Capital cut their target price on shares of MasterBrand from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th.

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.