MasterBrand (NYSE:MBC) Shares Down 6.1% – Here’s What Happened

MasterBrand, Inc. (NYSE:MBC) dropped 6.1% during trading on Friday . The company traded as low as $8.62 and last traded at $8.5950. Approximately 1,588,741 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 2,715,454 shares. The stock had previously closed at $9.15.

Analysts Set New Price Targets

MBC has been the topic of several recent research reports. Wall Street Zen upgraded MasterBrand from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings reissued a “sell (d)” rating on shares of MasterBrand in a research report on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, MasterBrand presently has a consensus rating of “Sell”.

MasterBrand Trading Down 5.3%

The company has a debt-to-equity ratio of 0.82, a current ratio of 2.08 and a quick ratio of 1.31. The business’s 50-day moving average price is $8.64 and its two-hundred day moving average price is $9.69. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -433.03 and a beta of 1.38.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.10. MasterBrand had a positive return on equity of 7.35% and a negative net margin of 0.07%.The business had revenue of $618.00 million during the quarter, compared to analysts’ expectations of $591.35 million. During the same period in the previous year, the company posted $0.18 earnings per share. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. MasterBrand has set its Q2 2026 guidance at 0.030-0.13 EPS.

Insider Activity

In related news, CEO R David Banyard purchased 60,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $8.43 per share, for a total transaction of $505,800.00. Following the completion of the transaction, the chief executive officer owned 1,831,788 shares of the company’s stock, valued at approximately $15,441,972.84. This trade represents a 3.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Andrea Helen Simon purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average cost of $8.56 per share, with a total value of $42,800.00. Following the purchase, the chief financial officer owned 497,341 shares of the company’s stock, valued at $4,257,238.96. This represents a 1.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 81,587 shares of company stock worth $696,347. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On MasterBrand

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of MasterBrand by 25.2% in the 2nd quarter. Versant Capital Management Inc now owns 13,363 shares of the company’s stock valued at $138,000 after buying an additional 2,692 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in shares of MasterBrand during the 1st quarter worth approximately $29,000. Bank of America Corp DE boosted its position in shares of MasterBrand by 37.8% during the 1st quarter. Bank of America Corp DE now owns 506,110 shares of the company’s stock worth $4,206,000 after acquiring an additional 138,792 shares in the last quarter. Amundi increased its stake in MasterBrand by 24.6% in the first quarter. Amundi now owns 17,972 shares of the company’s stock valued at $149,000 after acquiring an additional 3,544 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in MasterBrand by 34.5% in the first quarter. California State Teachers Retirement System now owns 165,489 shares of the company’s stock valued at $1,375,000 after acquiring an additional 42,456 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors and hedge funds.

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.