MasterBrand, Inc. (NYSE:MBC – Get Free Report) hit a new 52-week low on Wednesday. The company traded as low as $6.27 and last traded at $6.3730, with a volume of 312,480 shares changing hands. The stock had previously closed at $6.66.
Wall Street Analyst Weigh In
MBC has been the topic of several research analyst reports. DA Davidson started coverage on MasterBrand in a research note on Monday, August 24th. They set a “neutral” rating and a $10.00 price objective on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of MasterBrand in a research report on Friday. Finally, Wall Street Zen raised MasterBrand from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $10.00.
Check Out Our Latest Stock Report on MBC
MasterBrand Stock Down 6.8%
MasterBrand (NYSE:MBC – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The firm had revenue of $815.20 million during the quarter, compared to analyst estimates 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 was up 11.5% on a year-over-year basis. During the same period last 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 company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $9.22, for a total value of $461,000.00. Following the completion of the transaction, the executive vice president owned 201,199 shares in the company, valued at approximately $1,855,054.78. This represents a 19.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.80% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Paradigm Capital Management Inc. NY acquired a new position in shares of MasterBrand in the second quarter worth about $47,526,000. Monarch Alternative Capital LP purchased a new position in shares of MasterBrand in the first quarter worth approximately $16,620,000. Ancora Advisors LLC acquired a new stake in shares of MasterBrand during the second quarter valued at approximately $6,917,000. Dimensional Fund Advisors LP raised its holdings in shares of MasterBrand by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 7,010,428 shares of the company’s stock valued at $58,256,000 after acquiring an additional 447,352 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in shares of MasterBrand by 613.4% during the first quarter. Quantinno Capital Management LP now owns 397,175 shares of the company’s stock valued at $3,301,000 after acquiring an additional 341,499 shares during the period. Institutional investors and hedge funds own 87.32% of the company’s stock.
MasterBrand Company Profile
MasterBrand, Inc (NYSE:MBC) is a manufacturer and distributor of residential cabinetry. The company supplies cabinets and related products for kitchens, bathrooms, home offices, entertainment areas and other living spaces, serving both new construction and remodeling markets.
MasterBrand offers cabinetry across a range of styles, price points and design categories through a portfolio of recognized brands, including Aristokraft, Diamond, Omega, Decora, Kemper, Schrock and Thomasville Cabinetry.
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