Cooke & Bieler LP lowered its stake in shares of MasterBrand, Inc. (NYSE:MBC – Free Report) by 25.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,898,489 shares of the company’s stock after selling 653,038 shares during the period. Cooke & Bieler LP’s holdings in MasterBrand were worth $13,289,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Ancora Advisors LLC grew its stake in shares of MasterBrand by 62.8% in the 2nd quarter. Ancora Advisors LLC now owns 672,221 shares of the company’s stock valued at $6,917,000 after buying an additional 259,198 shares during the period. Bank of America Corp DE increased its position in MasterBrand by 37.8% in the 1st quarter. Bank of America Corp DE now owns 506,110 shares of the company’s stock valued at $4,206,000 after buying an additional 138,792 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in MasterBrand by 6.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,010,428 shares of the company’s stock worth $58,256,000 after buying an additional 447,352 shares during the period. Monarch Alternative Capital LP acquired a new position in MasterBrand during the 1st quarter worth approximately $16,620,000. Finally, Paradigm Capital Management Inc. NY acquired a new position in MasterBrand during the 2nd quarter worth approximately $47,526,000. Institutional investors and hedge funds own 87.32% of the company’s stock.
Insider Buying and Selling
In other MasterBrand news, EVP Kurt Wanninger sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was 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 of the company’s stock, valued at approximately $1,855,054.78. The trade was a 19.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.
MasterBrand Trading Up 1.0%
NYSE:MBC opened at $6.75 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.76 and a quick ratio of 1.04. MasterBrand, Inc. has a one year low of $6.17 and a one year high of $13.95. The company has a market cap of $1.37 billion, a PE ratio of -9.79 and a beta of 1.48. The firm has a 50-day moving average of $7.62 and a 200-day moving average of $8.31.
MasterBrand (NYSE:MBC – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). MasterBrand had a negative net margin of 3.49% and a positive return on equity of 3.65%. The business had revenue of $815.20 million during the quarter, compared to the consensus estimate of $743.05 million. During the same period in the previous year, the business posted $0.40 EPS. MasterBrand’s revenue was up 11.5% compared to the same quarter last year. MasterBrand has set its Q3 2026 guidance at -0.050-0.030 EPS.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. DA Davidson assumed coverage on MasterBrand in a report on Monday, August 24th. They issued a “neutral” rating and a $10.00 price target on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of MasterBrand in a research note on Friday, October 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, MasterBrand has an average rating of “Reduce” and an average target price of $10.00.
View Our Latest Research Report on MBC
MasterBrand Company Profile
MasterBrand, Inc (NYSE:MBC) is a manufacturer of residential cabinetry and related products. The company designs and produces cabinets for kitchens, bathrooms, home offices, living areas and other spaces, serving both new construction and remodeling markets.
MasterBrand offers a range of cabinet styles, materials, finishes and price points through a portfolio of brands that includes Aristokraft, Cabinetry by Karman, Decora, Diamond, Homecrest, Kemper, Mantra, Omega and Schrock. Its products are sold through home improvement and specialty retailers, independent dealers, builders and other trade customers.
The company is based in Jasper, Indiana, and serves customers primarily in the United States and Canada.
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