Cullen Capital Management LLC Takes $669,000 Position in MasterBrand, Inc. $MBC

Cullen Capital Management LLC purchased a new position in shares of MasterBrand, Inc. (NYSE:MBC) during the second quarter, HoldingsChannel reports. The firm purchased 65,046 shares of the company’s stock, valued at approximately $669,000.

Several other institutional investors also recently modified their holdings of MBC. Royal Bank of Canada raised its position in MasterBrand by 12.8% during the 1st quarter. Royal Bank of Canada now owns 55,615 shares of the company’s stock worth $726,000 after purchasing an additional 6,298 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in MasterBrand by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,362 shares of the company’s stock worth $984,000 after buying an additional 3,292 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of MasterBrand by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,294 shares of the company’s stock valued at $19,816,000 after buying an additional 59,879 shares during the last quarter. Jane Street Group LLC grew its position in shares of MasterBrand by 10.7% in the 1st quarter. Jane Street Group LLC now owns 357,305 shares of the company’s stock valued at $4,666,000 after buying an additional 34,422 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of MasterBrand by 71.1% in the first quarter. Intech Investment Management LLC now owns 119,325 shares of the company’s stock valued at $1,558,000 after buying an additional 49,578 shares during the period. Institutional investors own 87.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of MasterBrand in a research report on Monday, July 13th. DA Davidson initiated coverage on MasterBrand in a report on Monday. They issued a “neutral” rating and a $10.00 target price on the stock. Finally, Wall Street Zen raised shares of MasterBrand from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $10.00.

MasterBrand Price Performance

MBC stock opened at $9.04 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.76 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -13.11 and a beta of 1.44. The company’s fifty day simple moving average is $9.06 and its 200 day simple moving average is $9.06. MasterBrand, Inc. has a 12-month low of $6.61 and a 12-month high of $14.22.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results 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). MasterBrand had a positive return on equity of 3.65% and a negative net margin of 3.49%.The business had revenue of $815.20 million for the quarter, compared to analyst estimates of $743.05 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. MasterBrand has set its Q3 2026 guidance at -0.050-0.030 EPS.

Insider Activity at MasterBrand

In other MasterBrand news, EVP Kurt Wanninger sold 50,000 shares of MasterBrand stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $9.22, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David D. Petratis bought 11,587 shares of the stock in a transaction on Monday, June 8th. The stock was acquired at an average price of $8.82 per share, with a total value of $102,197.34. Following the completion of the acquisition, the director owned 69,915 shares of the company’s stock, valued at $616,650.30. This represents a 19.87% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 81,587 shares of company stock worth $696,347 over the last quarter. 2.80% of the stock is owned by company insiders.

MasterBrand Company Profile

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.