MasterBrand, Inc. (NYSE:MBC – Get Free Report)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $6.57 and last traded at $6.6350, with a volume of 2164066 shares trading hands. The stock had previously closed at $6.99.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Wall Street Zen raised MasterBrand from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings restated a “sell (d)” rating on shares of MasterBrand in a research note on Monday, July 13th. Finally, DA Davidson assumed coverage on shares of MasterBrand in a research report on Monday, August 24th. They set a “neutral” rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $10.00.
Read Our Latest Research Report on MasterBrand
MasterBrand Price Performance
MasterBrand (NYSE:MBC – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.05 EPS 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 last year, the firm earned $0.40 earnings per share. The firm’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.
Insider Transactions at MasterBrand
In related news, EVP Kurt Wanninger sold 50,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $9.22, for a total transaction of $461,000.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.80% of the company’s stock.
Institutional Trading of MasterBrand
Several hedge funds and other institutional investors have recently bought and sold shares of MBC. Dimensional Fund Advisors LP grew 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 worth $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 second quarter valued at $47,526,000. Pzena Investment Management LLC raised its stake in shares of MasterBrand by 0.7% in the first quarter. Pzena Investment Management LLC now owns 3,814,014 shares of the company’s stock valued at $31,694,000 after purchasing an additional 28,093 shares in the last quarter. Cooke & Bieler LP bought a new position in MasterBrand in the fourth quarter worth $31,255,000. Finally, Monarch Alternative Capital LP acquired a new stake in MasterBrand during the first quarter worth $16,620,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.
MasterBrand Company Profile
MasterBrand, Inc (NYSE:MBC) is a manufacturer and distributor of residential cabinetry. The company provides cabinets and related storage solutions for kitchens, bathrooms, home offices, entertainment areas and other living spaces.
MasterBrand serves homeowners, homebuilders, remodelers and professional contractors through a network of dealers, specialty retailers, home improvement centers and other distribution channels. Its portfolio includes a range of cabinet styles, construction options and price points designed for both new construction and remodeling projects.
The company’s brands have included well-known names such as Aristokraft, Diamond, Decora, Kemper, KraftMaid, Omega and Thomasville Cabinetry.
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