MasterBrand (NYSE:MBC) Reaches New 52-Week Low – Should You Sell?

MasterBrand, Inc. (NYSE:MBC) shares hit a new 52-week low on Tuesday . The company traded as low as $9.62 and last traded at $9.6250, with a volume of 206316 shares changing hands. The stock had previously closed at $9.82.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MBC shares. Wall Street Zen lowered shares of MasterBrand from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of MasterBrand in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.

MasterBrand Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.87 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $1.23 billion, a PE ratio of 15.16 and a beta of 1.42. The business has a 50 day simple moving average of $12.59 and a 200 day simple moving average of $11.81.

MasterBrand (NYSE:MBC) last posted its quarterly earnings data on Tuesday, June 13th. The company reported $0.40 EPS for the quarter. MasterBrand had a net margin of 3.00% and a return on equity of 10.88%. The business had revenue of $777.10 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Coliseum Capital Management LLC acquired a new stake in shares of MasterBrand during the first quarter worth about $41,517,000. Boston Partners lifted its position in MasterBrand by 49.5% during the first quarter. Boston Partners now owns 7,827,706 shares of the company’s stock valued at $101,927,000 after purchasing an additional 2,590,583 shares during the period. Stonehill Capital Management LLC lifted its position in MasterBrand by 311.5% during the third quarter. Stonehill Capital Management LLC now owns 1,954,780 shares of the company’s stock valued at $25,744,000 after purchasing an additional 1,479,780 shares during the period. Pzena Investment Management LLC boosted its holdings in MasterBrand by 45.3% in the second quarter. Pzena Investment Management LLC now owns 4,154,751 shares of the company’s stock valued at $45,411,000 after purchasing an additional 1,295,267 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in MasterBrand by 796.3% during the 1st quarter. Alliancebernstein L.P. now owns 1,382,566 shares of the company’s stock worth $18,056,000 after purchasing an additional 1,228,317 shares during the period. 87.32% of the stock is owned by institutional investors and hedge funds.

MasterBrand Company Profile

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.