MasterBrand, Inc. (NYSE:MBC) is De Lisle Partners LLP’s 4th Largest Position

De Lisle Partners LLP increased its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 23.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,104,493 shares of the company’s stock after buying an additional 211,414 shares during the quarter. MasterBrand comprises approximately 3.3% of De Lisle Partners LLP’s investment portfolio, making the stock its 4th biggest holding. De Lisle Partners LLP’s holdings in MasterBrand were worth $20,472,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC purchased a new position in MasterBrand during the 2nd quarter worth approximately $36,000. GAMMA Investing LLC raised its holdings in shares of MasterBrand by 46.3% during the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock worth $52,000 after purchasing an additional 890 shares during the last quarter. nVerses Capital LLC acquired a new position in MasterBrand during the second quarter valued at $75,000. U.S. Capital Wealth Advisors LLC purchased a new stake in MasterBrand in the second quarter valued at $161,000. Finally, Optimum Investment Advisors grew its position in MasterBrand by 1,700.0% during the 3rd quarter. Optimum Investment Advisors now owns 9,000 shares of the company’s stock worth $167,000 after purchasing an additional 8,500 shares during the period. 87.32% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MasterBrand

In other MasterBrand news, CAO Mark A. Young sold 4,715 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the completion of the sale, the chief accounting officer now directly owns 45,148 shares in the company, valued at approximately $737,266.84. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 17,589 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the transaction, the director now directly owns 45,520 shares of the company’s stock, valued at $726,044. The trade was 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 valued at $365,567 in the last three months. 1.38% of the stock is currently owned by company insiders.

MasterBrand Price Performance

Shares of NYSE MBC opened at $17.20 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 15.09 and a beta of 1.53. The firm’s 50 day simple moving average is $17.81 and its 200-day simple moving average is $16.58. MasterBrand, Inc. has a 12 month low of $13.16 and a 12 month high of $20.67.

MasterBrand (NYSE:MBC) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. The firm 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%.

Wall Street Analyst Weigh In

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

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.