MasterBrand, Inc. (NYSE:MBC – Get Free Report)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $7.87 and last traded at $8.0150, with a volume of 350041 shares trading hands. The stock had previously closed at $8.21.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of MasterBrand from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Weiss Ratings lowered MasterBrand from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $15.00.
View Our Latest Report on MasterBrand
MasterBrand Stock Performance
MasterBrand (NYSE:MBC – Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.16). MasterBrand had a return on equity of 8.54% and a net margin of 0.98%.The business had revenue of $644.60 million for the quarter, compared to analysts’ expectations of $607.60 million. During the same period in the previous year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. MasterBrand has set its FY 2026 guidance at -0.060-0.000 EPS.
Hedge Funds Weigh In On MasterBrand
A number of hedge funds and other institutional investors have recently bought and sold shares of MBC. Royal Bank of Canada lifted its stake in shares of MasterBrand by 12.8% in the 1st quarter. Royal Bank of Canada now owns 55,615 shares of the company’s stock worth $726,000 after acquiring an additional 6,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of MasterBrand by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,362 shares of the company’s stock worth $984,000 after acquiring an additional 3,292 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of MasterBrand by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,294 shares of the company’s stock worth $19,816,000 after acquiring an additional 59,879 shares during the period. Jane Street Group LLC raised its holdings in MasterBrand by 10.7% during the first quarter. Jane Street Group LLC now owns 357,305 shares of the company’s stock worth $4,666,000 after purchasing an additional 34,422 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in MasterBrand by 71.1% during the first quarter. Intech Investment Management LLC now owns 119,325 shares of the company’s stock worth $1,558,000 after purchasing an additional 49,578 shares in the last quarter. 87.32% of the stock is currently owned by hedge funds and other institutional investors.
MasterBrand Company Profile
MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.
MasterBrand’s product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.
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