MasterBrand, Inc. (NYSE:MBC – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 16,223,917 shares, a decline of 48.4% from the May 31st total of 31,466,301 shares. Approximately 12.9% of the shares of the stock are sold short. Based on an average trading volume of 4,013,406 shares, the days-to-cover ratio is currently 4.0 days.
MasterBrand Trading Down 2.7%
MBC traded down $0.28 during trading hours on Wednesday, reaching $10.01. The company’s stock had a trading volume of 2,144,518 shares, compared to its average volume of 3,338,304. The stock has a market cap of $1.28 billion, a PE ratio of -500.30 and a beta of 1.37. MasterBrand has a fifty-two week low of $6.61 and a fifty-two week high of $14.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.08 and a quick ratio of 1.31. The business’s 50-day moving average is $8.56 and its 200-day moving average is $9.86.
MasterBrand (NYSE:MBC – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.10. The company had revenue of $618.00 million during the quarter, compared to analyst estimates of $591.35 million. MasterBrand had a negative net margin of 0.07% and a positive return on equity of 7.35%. MasterBrand’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 earnings per share. MasterBrand has set its Q2 2026 guidance at 0.030-0.13 EPS.
Analyst Ratings Changes
Get Our Latest Analysis on MasterBrand
Insider Activity at MasterBrand
In other MasterBrand news, CEO R David Banyard acquired 60,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average price of $8.43 per share, with a total value of $505,800.00. Following the purchase, the chief executive officer owned 1,831,788 shares in the company, valued at approximately $15,441,972.84. The trade was a 3.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip D. Fracassa bought 5,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $9.11 per share, for a total transaction of $45,550.00. Following the completion of the purchase, the director directly owned 45,041 shares in the company, valued at approximately $410,323.51. This represents a 12.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 81,587 shares of company stock worth $696,347 in the last 90 days. 2.04% of the stock is owned by insiders.
Hedge Funds Weigh In On MasterBrand
Several institutional investors have recently bought and sold shares of the company. Axiom Investment Management LLC purchased a new stake in shares of MasterBrand during the first quarter worth $29,000. Bank of America Corp DE lifted its position in MasterBrand by 37.8% in the first quarter. Bank of America Corp DE now owns 506,110 shares of the company’s stock valued at $4,206,000 after acquiring an additional 138,792 shares during the last quarter. Amundi boosted its stake in MasterBrand by 24.6% in the first quarter. Amundi now owns 17,972 shares of the company’s stock valued at $149,000 after acquiring an additional 3,544 shares in the last quarter. California State Teachers Retirement System boosted its stake in MasterBrand by 34.5% in the first quarter. California State Teachers Retirement System now owns 165,489 shares of the company’s stock valued at $1,375,000 after acquiring an additional 42,456 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of MasterBrand by 3.1% during the first quarter. Empowered Funds LLC now owns 476,219 shares of the company’s stock worth $3,957,000 after purchasing an additional 14,367 shares during the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.
About MasterBrand
MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.
MasterBrand’s product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.
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