MasterBrand (NYSE:MBC) Shares Climb 6.7% – Here’s What Happened

MasterBrand, Inc. (NYSE:MBC)’s stock price rose 6.7% during trading on Thursday. The stock traded as high as $6.83 and last traded at $6.8950. Approximately 146,007 shares changed hands during trading, a decline of 94% from the average daily volume of 2,629,498 shares. The stock had previously closed at $6.46.

Analysts Set New Price Targets

Several brokerages recently issued reports on MBC. Wall Street Zen raised MasterBrand from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. DA Davidson assumed coverage on MasterBrand in a research report on Monday, August 24th. They set a “neutral” rating and a $10.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of MasterBrand in a research note on Friday, October 9th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $10.00.

MasterBrand Trading Down 1.1%

The business’s 50 day moving average is $7.77 and its two-hundred day moving average is $8.34. The company has a quick ratio of 1.04, a current ratio of 1.76 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1.38 billion, a P/E ratio of -9.81 and a beta of 1.48.

MasterBrand (NYSE:MBC) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $815.20 million during the quarter, compared to analyst estimates of $743.05 million. During the same period in the previous year, the company earned $0.40 EPS. The business’s revenue for the quarter 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 Buying and Selling

In other MasterBrand news, EVP Kurt Wanninger sold 50,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MasterBrand

Several hedge funds have recently modified their holdings of the company. Ancora Advisors LLC raised its stake in shares of MasterBrand by 62.8% in the 2nd quarter. Ancora Advisors LLC now owns 672,221 shares of the company’s stock worth $6,917,000 after buying an additional 259,198 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of MasterBrand by 37.8% in the first quarter. Bank of America Corp DE now owns 506,110 shares of the company’s stock valued at $4,206,000 after buying an additional 138,792 shares during the period. Dimensional Fund Advisors LP boosted its stake in MasterBrand by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 7,010,428 shares of the company’s stock valued at $58,256,000 after buying an additional 447,352 shares in the last quarter. Monarch Alternative Capital LP bought a new position in MasterBrand during the first quarter valued at about $16,620,000. Finally, Paradigm Capital Management Inc. NY bought a new position in MasterBrand during the second quarter valued at about $47,526,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

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.