MasterBrand (NYSE:MBC) Shares Up 5.8% – Here’s Why

MasterBrand, Inc. (NYSE:MBC) was up 5.8% during trading on Thursday. The company traded as high as $6.99 and last traded at $7.15. 73,379 shares were traded during mid-day trading, a decline of 97% from the average session volume of 2,622,897 shares. The stock had previously closed at $6.76.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MBC. DA Davidson began coverage on shares of MasterBrand in a research report on Monday, August 24th. They set a “neutral” rating and a $10.00 price target for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MasterBrand in a report on Friday, October 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MasterBrand currently has an average rating of “Reduce” and a consensus target price of $10.00.

MasterBrand Price Performance

The firm has a 50-day simple moving average of $7.62 and a two-hundred day simple moving average of $8.31. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -10.66 and a beta of 1.48. The company has a current ratio of 1.76, a quick ratio of 1.04 and a debt-to-equity ratio of 0.70.

MasterBrand (NYSE:MBC) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.05 earnings per share (EPS) 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 company had revenue of $815.20 million during the quarter, compared to analyst estimates of $743.05 million. During the same period last year, the firm earned $0.40 EPS. The business’s quarterly 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.

Insiders Place Their Bets

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 value of $461,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On MasterBrand

A number of hedge funds and other institutional investors have recently made changes to their positions in MBC. Dimensional Fund Advisors LP increased its holdings 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 valued at $58,256,000 after purchasing an additional 447,352 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new position in shares of MasterBrand in the 2nd quarter valued at $47,526,000. Pzena Investment Management LLC boosted its holdings in MasterBrand by 0.7% during the first quarter. Pzena Investment Management LLC now owns 3,814,014 shares of the company’s stock worth $31,694,000 after buying an additional 28,093 shares in the last quarter. Monarch Alternative Capital LP purchased a new stake in MasterBrand during the first quarter worth $16,620,000. Finally, Ancora Advisors LLC purchased a new position in MasterBrand in the second quarter valued at $6,917,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

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.