MasterBrand (NYSE:MBC) Shares Down 4.5% – Here’s What Happened

MasterBrand, Inc. (NYSE:MBC) shares dropped 4.5% during mid-day trading on Friday. The stock traded as low as $6.63 and last traded at $6.6150. 118,648 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 2,619,781 shares. The stock had previously closed at $6.93.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. DA Davidson initiated 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. Wall Street Zen upgraded shares of MasterBrand from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of MasterBrand in a report on Monday, July 13th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, MasterBrand presently has a consensus rating of “Reduce” and a consensus price target of $10.00.

MasterBrand Stock Performance

The company has a current ratio of 1.76, a quick ratio of 1.04 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1.34 billion, a PE ratio of -9.60 and a beta of 1.48. The stock’s 50 day moving average price is $8.06 and its 200 day moving average price is $8.42.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The company had revenue of $815.20 million during the quarter, compared to the consensus estimate of $743.05 million. MasterBrand had a positive return on equity of 3.65% and a negative net margin of 3.49%.The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. MasterBrand has set its Q3 2026 guidance at -0.050-0.030 EPS.

Insider Activity

In other news, EVP Kurt Wanninger sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $9.22, for a total value of $461,000.00. Following the completion of the sale, the executive vice president directly owned 201,199 shares of the company’s stock, valued at approximately $1,855,054.78. This represents a 19.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On MasterBrand

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Axiom Investment Management LLC acquired a new stake in MasterBrand during the 1st quarter worth about $29,000. Integrated Wealth Concepts LLC acquired a new position in MasterBrand in the second quarter worth approximately $38,000. Nykredit A S bought a new position in MasterBrand during the second quarter valued at approximately $40,000. Trust Co. of Vermont acquired a new stake in MasterBrand in the second quarter valued at approximately $64,000. Finally, Kinetic Wealth Investment Advisors LLC acquired a new stake in MasterBrand in the second quarter valued at approximately $107,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

About MasterBrand

MasterBrand, Inc (NYSE:MBC) is a manufacturer and distributor of residential cabinetry. The company supplies cabinets and related products for kitchens, bathrooms, home offices, entertainment areas and other living spaces, serving both new construction and remodeling markets.

MasterBrand offers cabinetry across a range of styles, price points and design categories through a portfolio of recognized brands, including Aristokraft, Diamond, Omega, Decora, Kemper, Schrock and Thomasville Cabinetry.