Mutual of America Capital Management LLC Decreases Holdings in MasterBrand, Inc. (NYSE:MBC)

Mutual of America Capital Management LLC reduced its position in MasterBrand, Inc. (NYSE:MBC) by 8.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,112 shares of the company’s stock after selling 1,763 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MasterBrand were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MBC. Quest Partners LLC acquired a new stake in shares of MasterBrand in the 2nd quarter worth $36,000. GAMMA Investing LLC raised its stake in MasterBrand by 46.3% in the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock valued at $52,000 after buying an additional 890 shares during the last quarter. nVerses Capital LLC acquired a new stake in MasterBrand in the second quarter worth about $75,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of MasterBrand during the second quarter worth about $161,000. Finally, Optimum Investment Advisors increased its holdings in shares of MasterBrand by 1,700.0% during the third quarter. Optimum Investment Advisors now owns 9,000 shares of the company’s stock valued at $167,000 after acquiring an additional 8,500 shares in the last quarter. 87.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MasterBrand

In other news, CAO Mark A. Young sold 4,715 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann F. Hackett sold 17,589 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total transaction of $280,544.55. Following the transaction, the director now directly 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 over the last three months. 1.38% of the stock is currently owned by insiders.

MasterBrand Trading Down 0.3 %

NYSE:MBC opened at $17.20 on Thursday. The company has a market capitalization of $2.19 billion, a P/E ratio of 15.13 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 12 month low of $13.16 and a 12 month high of $20.67. The firm has a fifty day simple moving average of $17.81 and a 200-day simple moving average of $16.58.

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

Analysts Set New Price Targets

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

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.