MasterBrand (NYSE:MBC) Stock Breaks Above 50-Day Moving Average – Should You Sell?

MasterBrand, Inc. (NYSE:MBC)’s stock price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $7.31 and traded as high as $7.62. MasterBrand shares last traded at $7.3750, with a volume of 2,043,180 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MasterBrand in a research note on Friday, October 9th. DA Davidson reissued a “neutral” rating and issued a $10.00 price objective on shares of MasterBrand in a research note on Tuesday, October 27th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $10.00.

MasterBrand Stock Up 1.6%

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.76 and a quick ratio of 1.04. The stock has a market capitalization of $1.50 billion, a P/E ratio of -10.69 and a beta of 1.48. The stock’s fifty day moving average is $7.31 and its two-hundred day moving average is $8.88.

MasterBrand (NYSE:MBC) last posted its quarterly earnings results 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 the consensus estimate of $743.05 million. During the same period in the prior year, the company posted $0.40 EPS. MasterBrand’s quarterly revenue was up 11.5% on a year-over-year basis.

Insider Buying and Selling at MasterBrand

In related news, EVP Kurt Wanninger sold 50,000 shares of MasterBrand stock in a transaction 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 transaction, the executive vice president directly owned 201,199 shares in the company, valued at $1,855,054.78. The trade was a 19.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MasterBrand

Hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its holdings in shares of MasterBrand by 86.0% in the third quarter. Commonwealth Equity Services LLC now owns 32,481 shares of the company’s stock valued at $227,000 after purchasing an additional 15,015 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of MasterBrand in the third quarter worth $78,000. Pzena Investment Management LLC grew its holdings in shares of MasterBrand by 11.1% during the third quarter. Pzena Investment Management LLC now owns 17,027,986 shares of the company’s stock valued at $119,196,000 after buying an additional 1,698,503 shares in the last quarter. VestGen Advisors LLC purchased a new position in shares of MasterBrand during the third quarter valued at $71,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of MasterBrand during the third quarter valued at $102,000. 87.32% of the stock is owned by hedge funds and other institutional investors.

About MasterBrand

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.