MasterBrand (NYSE:MBC) Announces Quarterly Earnings Results

MasterBrand (NYSE:MBC) released its quarterly earnings results on Tuesday. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03), Zacks reports. MasterBrand had a net margin of 3.37% and a return on equity of 11.88%. MasterBrand updated its FY 2025 guidance to 1.010-1.130 EPS.

MasterBrand Price Performance

Shares of NYSE MBC traded up $0.20 during midday trading on Tuesday, reaching $12.65. 1,836,914 shares of the company were exchanged, compared to its average volume of 1,204,344. The stock’s 50-day moving average price is $13.04 and its 200-day moving average price is $11.88. The stock has a market cap of $1.60 billion, a P/E ratio of 17.56 and a beta of 1.42. MasterBrand has a one year low of $9.63 and a one year high of $20.67. The company has a quick ratio of 1.12, a current ratio of 1.87 and a debt-to-equity ratio of 0.73.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of MasterBrand from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of MasterBrand in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.00.

Institutional Trading of MasterBrand

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers grew its stake in shares of MasterBrand by 15.2% during the second quarter. Cetera Investment Advisers now owns 12,953 shares of the company’s stock worth $142,000 after buying an additional 1,705 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of MasterBrand by 34.6% during the second quarter. Corient Private Wealth LLC now owns 18,584 shares of the company’s stock worth $203,000 after buying an additional 4,778 shares during the last quarter. Amundi bought a new stake in shares of MasterBrand during the second quarter worth $231,000. Tower Research Capital LLC TRC grew its stake in shares of MasterBrand by 532.8% during the second quarter. Tower Research Capital LLC TRC now owns 21,598 shares of the company’s stock worth $236,000 after buying an additional 18,185 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of MasterBrand during the second quarter worth $267,000. Institutional investors own 87.32% of the company’s stock.

About MasterBrand

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.