MasterBrand (NYSE:MBC) Stock Picked Up by Analysts at Zacks Research

Stock analysts at Zacks Research started coverage on shares of MasterBrand (NYSE:MBC – Get Free Report) in a research note issued to investors on Tuesday, Zacks reports. The firm set a “hold” rating on the stock.

A number of other brokerages have also commented on MBC. Weiss Ratings reissued a “sell (d)” rating on shares of MasterBrand in a research note on Friday, October 9th. DA Davidson reaffirmed a “neutral” rating and set a $10.00 price objective on shares of MasterBrand in a report on Tuesday, October 27th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MasterBrand presently has a consensus rating of “Reduce” and a consensus price target of $10.00.

Get Our Latest Report on MasterBrand

MasterBrand Trading Up 9.0%

MasterBrand stock opened at $7.51 on Tuesday. MasterBrand has a 1 year low of $6.17 and a 1 year high of $13.95. The firm’s 50 day moving average price is $7.23 and its 200-day moving average price is $8.82. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.76 and a quick ratio of 1.04. The stock has a market cap of $1.53 billion, a P/E ratio of -10.88 and a beta of 1.45.

MasterBrand (NYSE:MBC – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company had revenue of $815.20 million during the quarter, compared to analysts’ expectations of $743.05 million. MasterBrand had a positive return on equity of 3.65% and a negative net margin of 3.49%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. On average, equities analysts predict that MasterBrand will post -0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MasterBrand news, EVP Kurt Wanninger sold 50,000 shares of the company’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 sale, the executive vice president directly owned 201,199 shares in the company, valued at $1,855,054.78. This represents a 19.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On MasterBrand

A number of institutional investors and hedge funds have recently modified their holdings of MBC. Paradigm Capital Management Inc. NY purchased a new stake in shares of MasterBrand in the second quarter valued at $47,526,000. Monarch Alternative Capital LP bought a new stake in shares of MasterBrand in the 1st quarter worth about $16,620,000. Pzena Investment Management LLC lifted its holdings in shares of MasterBrand by 11.1% in the 3rd quarter. Pzena Investment Management LLC now owns 17,027,986 shares of the company’s stock worth $119,196,000 after acquiring an additional 1,698,503 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of MasterBrand during the 2nd quarter worth about $6,917,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of 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 purchasing an additional 447,352 shares during the period. Hedge funds and other institutional investors own 87.32% of the company’s stock.

MasterBrand Company Profile

(Get Free Report)

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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