MasterBrand (NYSE:MBC) Stock Rating Upgraded by Wall Street Zen

MasterBrand (NYSE:MBC) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Other analysts also recently issued reports about the stock. Weiss Ratings restated a “sell (d)” rating on shares of MasterBrand in a research report on Friday, October 9th. DA Davidson reduced their price target on shares of MasterBrand from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Zacks Research assumed coverage on shares of MasterBrand in a report on Tuesday, November 3rd. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $8.00.

MasterBrand Price Performance

Shares of NYSE MBC opened at $6.79 on Friday. MasterBrand has a fifty-two week low of $6.17 and a fifty-two week high of $13.95. The firm’s 50-day simple moving average is $7.16 and its 200 day simple moving average is $8.76. The company has a quick ratio of 0.81, a current ratio of 1.51 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.38 billion, a P/E ratio of -7.71 and a beta of 1.45.

MasterBrand (NYSE:MBC) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.07. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.06 billion. MasterBrand had a negative net margin of 3.99% and a positive return on equity of 1.98%. The company’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. Equities analysts expect that MasterBrand will post -0.03 EPS for the current year.

Insider Activity at MasterBrand

In other news, EVP Kurt Wanninger sold 50,000 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 201,199 shares of the company’s stock, valued at approximately $1,855,054.78. The trade was a 19.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Axiom Investment Management LLC bought a new stake in MasterBrand during the first quarter worth approximately $29,000. Integrated Wealth Concepts LLC acquired a new stake in shares of MasterBrand during the 2nd quarter valued at $38,000. Nykredit A S acquired a new stake in shares of MasterBrand during the 2nd quarter valued at $40,000. Trust Co. of Vermont bought a new stake in shares of MasterBrand during the 2nd quarter worth $64,000. Finally, VestGen Advisors LLC bought a new stake in shares of MasterBrand during the 3rd quarter worth $71,000. Institutional investors own 87.32% of the company’s stock.

About MasterBrand

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

MasterBrand offers a range of cabinet styles, materials, finishes and price points through a portfolio of brands that includes Aristokraft, Cabinetry by Karman, Decora, Diamond, Homecrest, Kemper, Mantra, Omega and Schrock. Its products are sold through home improvement and specialty retailers, independent dealers, builders and other trade customers.

The company is based in Jasper, Indiana, and serves customers primarily in the United States and Canada.