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Juliana L. Chugg, a director at MasterBrand , Inc. (NYSE:MBC), recently acquired 6,989 shares of the company’s common stock. The transaction, which took place on February 24, 2025, was executed at an average price of $14.1704 per share, bringing the total value of the purchase to approximately $99,036. The timing is notable as InvestingPro data shows the stock trading near its 52-week low of $13.90, with the company maintaining strong profitability and healthy liquidity ratios.
Following this acquisition, Chugg’s direct holdings in MasterBrand increased to 33,424 shares. This figure includes 8,344 restricted stock units that have not yet vested. The shares were purchased in multiple transactions at prices ranging from $14.1650 to $14.1707 per share.
The transaction was reported in a Form 4 filing with the Securities and Exchange Commission, signed by Andrean R. Horton, attorney-in-fact for Juliana L. Chugg.
In other recent news, MasterBrand Inc. reported disappointing fourth-quarter 2024 earnings, with earnings per share (EPS) of $0.21, falling short of the expected $0.31. Revenue for the quarter was $667.7 million, below the forecasted $700.1 million, marking a 1% year-over-year decrease. Loop Capital Markets responded by lowering its price target for MasterBrand from $21.00 to $19.00, while maintaining a Buy rating. The firm’s decision was influenced by MasterBrand’s weaker-than-anticipated quarterly results and its revised full-year 2025 guidance. MasterBrand’s management cited poor fixed cost absorption and a negative price-mix as contributing factors to the underperformance. Despite the challenges, the company forecasts a mid-single-digit increase in net sales for 2025, driven by strategic investments in technology. Additionally, MasterBrand plans significant investments in tech-enabled initiatives, allocating an additional $15 million for 2025. The company remains optimistic about its long-term growth prospects, emphasizing operational efficiencies and strategic initiatives.
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