Nixon Capital LLC Has $10.34 Million Holdings in MasterBrand, Inc. (NYSE:MBC)

Nixon Capital LLC raised its position in shares of MasterBrand, Inc. (NYSE:MBC) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 707,880 shares of the company’s stock after buying an additional 13,254 shares during the quarter. MasterBrand accounts for 3.3% of Nixon Capital LLC’s portfolio, making the stock its 14th largest position. Nixon Capital LLC owned about 0.56% of MasterBrand worth $10,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of MasterBrand by 150.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company’s stock worth $37,000 after buying an additional 1,549 shares during the period. Public Employees Retirement System of Ohio boosted its position in MasterBrand by 52.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock worth $66,000 after acquiring an additional 1,216 shares during the period. TD Private Client Wealth LLC boosted its position in MasterBrand by 39.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock worth $89,000 after acquiring an additional 1,364 shares during the period. KBC Group NV grew its stake in MasterBrand by 52.0% during the 4th quarter. KBC Group NV now owns 5,800 shares of the company’s stock valued at $85,000 after acquiring an additional 1,983 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of MasterBrand in the 4th quarter valued at about $150,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Loop Capital decreased their price target on shares of MasterBrand from $21.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, February 19th.

Insider Transactions at MasterBrand

In other news, Director Juliana L. Chugg acquired 6,989 shares of MasterBrand stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $14.17 per share, for a total transaction of $99,034.13. Following the completion of the purchase, the director now owns 33,424 shares of the company’s stock, valued at $473,618.08. This represents a 26.44 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert Crisci acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $14.08 per share, with a total value of $281,600.00. Following the completion of the acquisition, the director now owns 66,435 shares in the company, valued at $935,404.80. This trade represents a 43.07 % increase in their position. The disclosure for this purchase can be found here. 1.38% of the stock is currently owned by corporate insiders.

MasterBrand Trading Down 5.8 %

MasterBrand stock opened at $11.79 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.78. MasterBrand, Inc. has a 12 month low of $11.64 and a 12 month high of $20.67. The company’s fifty day simple moving average is $14.68 and its 200-day simple moving average is $16.12. The stock has a market cap of $1.50 billion, a P/E ratio of 12.15 and a beta of 1.70.

MasterBrand (NYSE:MBC) last issued its earnings results on Tuesday, February 18th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). The firm had revenue of $667.70 million during the quarter, compared to analyst estimates of $722.85 million. MasterBrand had a return on equity of 13.89% and a net margin of 4.66%.

MasterBrand announced that its board has initiated a share buyback plan on Monday, March 17th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.