Nixon Capital LLC boosted its stake in shares of MasterBrand, Inc. (NYSE:MBC – Free Report) by 15.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,418,163 shares of the company’s stock after buying an additional 187,567 shares during the quarter. MasterBrand makes up approximately 4.1% of Nixon Capital LLC’s portfolio, making the stock its 13th largest holding. Nixon Capital LLC owned about 1.12% of MasterBrand worth $15,657,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in MBC. Northwestern Mutual Wealth Management Co. grew its position in MasterBrand by 696.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,012 shares of the company’s stock valued at $33,000 after buying an additional 2,634 shares during the period. IFP Advisors Inc grew its position in MasterBrand by 124.4% during the fourth quarter. IFP Advisors Inc now owns 3,510 shares of the company’s stock valued at $39,000 after buying an additional 1,946 shares during the period. Clearstead Advisors LLC grew its position in MasterBrand by 165.2% during the fourth quarter. Clearstead Advisors LLC now owns 4,228 shares of the company’s stock valued at $47,000 after buying an additional 2,634 shares during the period. Jones Financial Companies Lllp grew its position in MasterBrand by 26.7% during the third quarter. Jones Financial Companies Lllp now owns 5,579 shares of the company’s stock valued at $76,000 after buying an additional 1,177 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in MasterBrand by 58.8% during the third quarter. CIBC Private Wealth Group LLC now owns 5,812 shares of the company’s stock valued at $77,000 after buying an additional 2,153 shares during the period. Institutional investors own 87.32% of the company’s stock.
MasterBrand Price Performance
Shares of NYSE:MBC opened at $8.84 on Thursday. The company has a quick ratio of 1.31, a current ratio of 2.08 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $1.13 billion, a PE ratio of -441.83 and a beta of 1.48. MasterBrand, Inc. has a twelve month low of $6.61 and a twelve month high of $14.22. The company has a 50-day moving average price of $8.33 and a two-hundred day moving average price of $10.06.
Insiders Place Their Bets
In other news, CEO R David Banyard acquired 60,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $8.43 per share, for a total transaction of $505,800.00. Following the completion of the transaction, the chief executive officer owned 1,831,788 shares of the company’s stock, valued at $15,441,972.84. The trade was a 3.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David D. Petratis acquired 11,587 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was purchased at an average price of $8.82 per share, with a total value of $102,197.34. Following the completion of the transaction, the director directly owned 69,915 shares of the company’s stock, valued at $616,650.30. This trade represents a 19.87% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 76,587 shares of company stock worth $650,797 over the last quarter. 2.04% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of MasterBrand from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Wall Street Zen lowered shares of MasterBrand from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Report on MasterBrand
About MasterBrand
MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.
MasterBrand’s product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.
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