MasterBrand, Inc. (NYSE:MBC) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in shares of MasterBrand, Inc. (NYSE:MBC) by 3.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,512 shares of the company’s stock after selling 1,368 shares during the period. Amalgamated Bank’s holdings in MasterBrand were worth $695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MBC. Allspring Global Investments Holdings LLC grew its holdings in MasterBrand by 6,200.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,041 shares of the company’s stock worth $244,000 after acquiring an additional 12,834 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of MasterBrand by 18.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,270 shares of the company’s stock worth $342,000 after buying an additional 2,884 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of MasterBrand during the 1st quarter worth approximately $643,000. ProShare Advisors LLC lifted its position in shares of MasterBrand by 6.1% during the 1st quarter. ProShare Advisors LLC now owns 25,778 shares of the company’s stock worth $483,000 after buying an additional 1,486 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of MasterBrand by 246.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 154,393 shares of the company’s stock worth $2,893,000 after buying an additional 109,860 shares during the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.

Insider Activity at MasterBrand

In related news, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $16.33, for a total value of $76,995.95. Following the completion of the sale, the chief accounting officer now owns 45,148 shares in the company, valued at $737,266.84. This represents a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann F. Hackett sold 17,589 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total transaction of $280,544.55. Following the completion of the sale, the director now owns 45,520 shares of the company’s stock, valued at approximately $726,044. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,806 shares of company stock worth $365,567 in the last 90 days. 1.38% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Loop Capital boosted their price objective on shares of MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th.

MasterBrand Stock Down 0.6 %

Shares of NYSE:MBC opened at $16.90 on Friday. The company has a market capitalization of $2.15 billion, a PE ratio of 14.82 and a beta of 1.53. The company has a current ratio of 1.82, a quick ratio of 1.02 and a debt-to-equity ratio of 0.83. MasterBrand, Inc. has a twelve month low of $12.70 and a twelve month high of $20.67. The firm has a 50 day simple moving average of $17.71 and a 200-day simple moving average of $16.59.

MasterBrand (NYSE:MBC) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. MasterBrand had a net margin of 5.46% and a return on equity of 15.51%. The firm had revenue of $718.10 million during the quarter.

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.