MasterBrand (NYSE:MBC) Reaches New 52-Week Low – Should You Sell?

Shares of MasterBrand, Inc. (NYSE:MBC) hit a new 52-week low on Friday. The stock traded as low as $6.15 and last traded at $6.2150, with a volume of 119,282 shares traded. The stock had previously closed at $6.19.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MBC shares. Weiss Ratings reissued a “sell (d)” rating on shares of MasterBrand in a report on Friday, October 9th. Wall Street Zen upgraded shares of MasterBrand from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Zacks Research began coverage on MasterBrand in a research note on Tuesday, November 3rd. They issued a “hold” rating for the company. Finally, DA Davidson dropped their price objective on shares of MasterBrand from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, November 6th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $8.00.

MasterBrand Stock Up 2.8%

The firm has a market cap of $1.30 billion, a P/E ratio of -7.23 and a beta of 1.45. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.81 and a current ratio of 1.51. The stock’s 50 day simple moving average is $7.00 and its 200 day simple moving average is $8.61.

MasterBrand (NYSE:MBC) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. MasterBrand had a negative net margin of 3.99% and a positive return on equity of 1.98%. The firm’s revenue was up 48.3% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. Research analysts anticipate that MasterBrand, Inc. will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC grew its position in MasterBrand by 62.8% in the second quarter. Ancora Advisors LLC now owns 672,221 shares of the company’s stock worth $6,917,000 after acquiring an additional 259,198 shares in the last quarter. Bank of America Corp DE increased its position in shares of MasterBrand by 37.8% during the 1st quarter. Bank of America Corp DE now owns 506,110 shares of the company’s stock valued at $4,206,000 after purchasing an additional 138,792 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of MasterBrand by 6.8% during the 1st 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 during the last quarter. Monarch Alternative Capital LP purchased a new position in shares of MasterBrand during the 1st quarter valued at about $16,620,000. Finally, Paradigm Capital Management Inc. NY purchased a new position in shares of MasterBrand during the 2nd quarter valued at about $47,526,000. 87.32% of the stock is owned by institutional investors.

About MasterBrand

MasterBrand, Inc. manufactures residential cabinets for kitchens, bathrooms and other areas of the home. Its products span a range of styles and price points and are sold under brands including Aristokraft, Omega, Schrock, KitchenCraft, Decora, Diamond and Mantra. The company serves customers primarily in the United States and Canada through channels that include independent dealers, home improvement retailers and homebuilders. Its offerings include cabinetry and related products for both new construction and home remodeling projects.