MasterBrand (NYSE:MBC) Stock Lifted to “Hold” by Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of MasterBrand (NYSE:MBC – Free Report) from a sell rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

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

Check Out Our Latest Stock Report on MasterBrand

MasterBrand Stock Performance

NYSE MBC opened at $6.79 on Friday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -7.71 and a beta of 1.45. The company has a quick ratio of 1.04, a current ratio of 1.76 and a debt-to-equity ratio of 0.70. MasterBrand has a twelve month low of $6.17 and a twelve month high of $13.95. The stock has a fifty day simple moving average of $7.16 and a 200 day simple moving average of $8.76.

MasterBrand (NYSE:MBC – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.03 by $0.07. MasterBrand had a positive return on equity of 2.11% and a negative net margin of 3.99%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue was up 48.3% compared to the same quarter last year. Sell-side analysts expect that MasterBrand will post -0.03 EPS for the current year.

Insider Activity

In other news, EVP Kurt Wanninger sold 50,000 shares of the firm’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 transaction of $461,000.00. Following the completion of the sale, the executive vice president owned 201,199 shares of the company’s stock, valued at $1,855,054.78. This trade represents a 19.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Pzena Investment Management LLC grew its holdings in MasterBrand by 11.1% in the third quarter. Pzena Investment Management LLC now owns 17,027,986 shares of the company’s stock worth $119,196,000 after purchasing an additional 1,698,503 shares during the period. Dimensional Fund Advisors LP increased its stake in MasterBrand by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 7,010,428 shares of the company’s stock valued at $58,256,000 after purchasing an additional 447,352 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new position in shares of MasterBrand during the second quarter valued at about $47,526,000. Monarch Alternative Capital LP acquired a new position in shares of MasterBrand during the first quarter valued at about $16,620,000. Finally, Ancora Advisors LLC acquired a new position in shares of MasterBrand during the second quarter valued at about $6,917,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

MasterBrand Company Profile

(Get Free Report)

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.

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