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On August 9, 2024, Robert Crisci, Director of MasterBrand Inc (NYSE:MBC), purchased 20,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 46,435 shares of MasterBrand Inc.
MasterBrand Inc (NYSE:MBC) is a prominent player in the home improvement sector, specializing in the manufacture and sale of cabinetry for kitchens, bathrooms, and other areas of the home.
The shares were acquired at a price of $15.39 each, valuing the transaction at approximately $307,800. This purchase reflects the only insider buy in the past year for the company, which has not seen any insider sales during the same period.
Currently, the market cap of MasterBrand Inc stands at approximately $1.89 billion. The stock's price-earnings ratio is 10.77, below the industry median of 16.84, suggesting a potentially undervalued status in comparison to its peers.
For more detailed valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, investors can refer to the respective links.
This insider purchase might indicate a strong belief in the company's future prospects or that the insider considers the stock to be undervalued. Investors often look at insider transactions as a signal of confidence in the company's performance and future outlook.
For further insights into the valuation of MasterBrand Inc, investors can explore the GF Value which provides a unique perspective on the intrinsic value of the stock based on historical trading prices, earnings, and book value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.