MasterBrand, Inc. (NYSE:MBC – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $6.57 and last traded at $6.6350, with a volume of 2164066 shares. The stock had previously closed at $6.99.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on MBC shares. Wall Street Zen raised shares of MasterBrand from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MasterBrand in a research report on Monday, July 13th. Finally, DA Davidson assumed coverage on MasterBrand in a report on Monday, August 24th. They issued a “neutral” rating and a $10.00 target price for the company. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $10.00.
Check Out Our Latest Stock Analysis on MasterBrand
MasterBrand Trading Down 5.1%
MasterBrand (NYSE:MBC – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The company had revenue of $815.20 million for the quarter, compared to analysts’ expectations of $743.05 million. MasterBrand had a negative net margin of 3.49% and a positive return on equity of 3.65%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. MasterBrand has set its Q3 2026 guidance at -0.050-0.030 EPS.
Insider Buying and Selling
In other MasterBrand news, EVP Kurt Wanninger sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $9.22, for a total transaction of $461,000.00. Following the completion of the sale, the executive vice president directly owned 201,199 shares in the company, valued at approximately $1,855,054.78. The trade was a 19.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.
Hedge Funds Weigh In On MasterBrand
A number of institutional investors and hedge funds have recently modified their holdings of the company. Paradigm Capital Management Inc. NY purchased a new position in MasterBrand during the second quarter valued at $47,526,000. Cooke & Bieler LP bought a new stake in MasterBrand during the fourth quarter valued at about $31,255,000. Monarch Alternative Capital LP purchased a new stake in MasterBrand in the first quarter worth about $16,620,000. Marathon Asset Management Ltd purchased a new stake in MasterBrand in the fourth quarter worth about $8,201,000. Finally, Ancora Advisors LLC bought a new position in shares of MasterBrand in the second quarter worth about $6,917,000. 87.32% of the stock is currently owned by hedge funds and other institutional investors.
MasterBrand Company Profile
MasterBrand, Inc (NYSE:MBC) is a manufacturer and distributor of residential cabinetry. The company provides cabinets and related storage solutions for kitchens, bathrooms, home offices, entertainment areas and other living spaces.
MasterBrand serves homeowners, homebuilders, remodelers and professional contractors through a network of dealers, specialty retailers, home improvement centers and other distribution channels. Its portfolio includes a range of cabinet styles, construction options and price points designed for both new construction and remodeling projects.
The company’s brands have included well-known names such as Aristokraft, Diamond, Decora, Kemper, KraftMaid, Omega and Thomasville Cabinetry.
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