MasterBrand, Inc. (NYSE:MBC) Stock Position Boosted by Susquehanna International Group LLP

Susquehanna International Group LLP increased its position in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) by 307.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,490 shares of the company's stock after purchasing an additional 98,439 shares during the period. Susquehanna International Group LLP owned 0.10% of MasterBrand worth $1,906,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in shares of MasterBrand by 5.1% in the fourth quarter. Empowered Funds LLC now owns 650,450 shares of the company's stock worth $9,503,000 after purchasing an additional 31,714 shares during the last quarter. JPMorgan Chase & Co. grew its stake in MasterBrand by 135.1% during the 4th quarter. JPMorgan Chase & Co. now owns 693,220 shares of the company's stock worth $10,128,000 after buying an additional 398,303 shares during the last quarter. Barclays PLC boosted its stake in MasterBrand by 262.4% in the 3rd quarter. Barclays PLC now owns 234,160 shares of the company's stock worth $4,341,000 after purchasing an additional 169,550 shares in the last quarter. EMG Holdings L.P. acquired a new stake in shares of MasterBrand during the fourth quarter worth $2,865,000. Finally, Principal Financial Group Inc. grew its stake in MasterBrand by 3.8% during 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. Institutional investors own 87.32% of the company's stock.

MasterBrand Trading Up 1.8%

Shares of MBC stock traded up $0.20 on Thursday, hitting $11.07. The stock had a trading volume of 182,907 shares, compared to its average volume of 967,995. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.65 and a quick ratio of 1.02. MasterBrand, Inc. has a 1 year low of $9.78 and a 1 year high of $20.67. The firm has a market capitalization of $1.40 billion, a P/E ratio of 11.37 and a beta of 1.74. The company's 50 day moving average price is $12.28 and its 200-day moving average price is $14.85.

MasterBrand (NYSE:MBC - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $663.95 million. MasterBrand had a net margin of 4.66% and a return on equity of 13.89%.

MasterBrand declared that its board has authorized a share repurchase plan on Monday, March 17th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at MasterBrand

In related news, Director Robert Crisci bought 20,000 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $14.08 per share, for a total transaction of $281,600.00. Following the acquisition, the director now 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Juliana L. Chugg purchased 6,989 shares of the 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 completion of the acquisition, the director now owns 33,424 shares of the company's stock, valued at approximately $473,618.08. This 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MBC shares. Zelman & Associates reiterated an "underperform" rating on shares of MasterBrand in a research note on Monday, April 14th. Loop Capital dropped their target price on shares of MasterBrand from $16.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 7th.

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.