MasterBrand (NYSE:MBC) Shares Up 6.5% – Here’s What Happened

MasterBrand, Inc. (NYSE:MBC) rose 6.5% during mid-day trading on Tuesday . The company traded as high as $7.23 and last traded at $7.2650. 740,671 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 2,591,689 shares. The stock had previously closed at $6.82.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of MasterBrand in a research note on Monday, July 13th. Wall Street Zen raised MasterBrand from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Finally, DA Davidson began coverage on MasterBrand in a report on Monday, August 24th. They set a “neutral” rating and a $10.00 target price for the company. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $10.00.

MasterBrand Stock Performance

The firm’s fifty day simple moving average is $8.40 and its 200 day simple moving average is $8.51. 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 company has a market capitalization of $1.47 billion, a PE ratio of -10.46 and a beta of 1.43.

MasterBrand (NYSE:MBC) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.05 EPS 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 analysts’ expectations of $743.05 million. During the same quarter in the prior year, the company posted $0.40 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. MasterBrand has set its Q3 2026 guidance at -0.050-0.030 EPS.

Insider Activity at MasterBrand

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 stock was sold at an average price of $9.22, for a total transaction of $461,000.00. Following the completion of the transaction, the executive vice president directly owned 201,199 shares of the company’s stock, valued at $1,855,054.78. This represents a 19.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On MasterBrand

Hedge funds and other institutional investors have recently modified their holdings of the business. Axiom Investment Management LLC acquired a new position in shares of MasterBrand during the 1st quarter worth approximately $29,000. Integrated Wealth Concepts LLC purchased a new position in shares of MasterBrand during the 2nd quarter worth $38,000. IFP Advisors Inc boosted its position in shares of MasterBrand by 124.4% during the 4th quarter. IFP Advisors Inc now owns 3,510 shares of the company’s stock valued at $39,000 after acquiring an additional 1,946 shares during the last quarter. Nykredit A S purchased a new stake in shares of MasterBrand in the second quarter valued at about $40,000. Finally, Clearstead Advisors LLC increased its position in MasterBrand by 165.2% during the fourth quarter. Clearstead Advisors LLC now owns 4,228 shares of the company’s stock worth $47,000 after purchasing an additional 2,634 shares during the last quarter. 87.32% of the stock is owned by hedge funds and other institutional investors.

About MasterBrand

MasterBrand, Inc (NYSE:MBC) is a manufacturer and distributor of residential cabinetry. The company provides cabinets and related storage solutions for kitchens, bathrooms, home offices, entertainment areas and other living spaces.

MasterBrand serves homeowners, homebuilders, remodelers and professional contractors through a network of dealers, specialty retailers, home improvement centers and other distribution channels. Its portfolio includes a range of cabinet styles, construction options and price points designed for both new construction and remodeling projects.

The company’s brands have included well-known names such as Aristokraft, Diamond, Decora, Kemper, KraftMaid, Omega and Thomasville Cabinetry.