Bokf Na Has $702,000 Stock Holdings in MasterBrand, Inc. (NYSE:MBC)

Bokf Na increased its holdings in shares of MasterBrand, Inc. (NYSE:MBC) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,461 shares of the company’s stock after buying an additional 2,706 shares during the quarter. Bokf Na’s holdings in MasterBrand were worth $702,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Barclays PLC lifted its stake in shares of MasterBrand by 262.4% in the 3rd quarter. Barclays PLC now owns 234,160 shares of the company’s stock valued at $4,341,000 after acquiring an additional 169,550 shares during the last quarter. Franklin Resources Inc. increased its holdings in MasterBrand by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 82,457 shares of the company’s stock worth $1,491,000 after purchasing an additional 1,865 shares in the last quarter. Hennessy Advisors Inc. raised its position in MasterBrand by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 549,900 shares of the company’s stock valued at $8,034,000 after purchasing an additional 35,100 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of MasterBrand by 10.7% during the fourth quarter. Wedge Capital Management L L P NC now owns 77,896 shares of the company’s stock valued at $1,138,000 after purchasing an additional 7,515 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of MasterBrand by 4.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 36,361 shares of the company’s stock worth $531,000 after purchasing an additional 1,561 shares during the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.

MasterBrand Trading Down 4.6 %

NYSE MBC opened at $9.87 on Friday. The firm has a market capitalization of $1.25 billion, a PE ratio of 10.18 and a beta of 1.74. The business’s 50-day moving average price is $12.43 and its two-hundred day moving average price is $14.99. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. MasterBrand, Inc. has a 12 month low of $9.78 and a 12 month high of $20.67.

MasterBrand (NYSE:MBC) last announced its earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). MasterBrand had a net margin of 4.66% and a return on equity of 13.89%. The company had revenue of $660.30 million during the quarter, compared to the consensus estimate of $663.95 million.

MasterBrand declared that its Board of Directors has initiated a stock buyback program on Monday, March 17th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MBC shares. Zelman & Associates reiterated an “underperform” rating on shares of MasterBrand in a report on Monday, April 14th. Loop Capital cut their price target on shares of MasterBrand from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday.

Insider Transactions at MasterBrand

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

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.