MasterBrand, Inc. (NYSE:MBC – Get Free Report)’s share price was down 1.5% during mid-day trading on Tuesday . The stock traded as low as $9.06 and last traded at $9.0950. Approximately 1,620,459 shares changed hands during trading, a decline of 14% from the average daily volume of 1,877,580 shares. The stock had previously closed at $9.23.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on MBC shares. Weiss Ratings downgraded shares of MasterBrand from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Wall Street Zen downgraded shares of MasterBrand from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.00.
View Our Latest Research Report on MBC
MasterBrand Price Performance
MasterBrand (NYSE:MBC – Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.16). The company had revenue of $644.60 million during the quarter, compared to the consensus estimate of $607.60 million. MasterBrand had a return on equity of 8.54% and a net margin of 0.98%.MasterBrand’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 EPS. MasterBrand has set its FY 2026 guidance at -0.060-0.000 EPS.
Institutional Investors Weigh In On MasterBrand
Several hedge funds and other institutional investors have recently modified their holdings of MBC. ProShare Advisors LLC boosted its holdings in shares of MasterBrand by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 24,702 shares of the company’s stock valued at $273,000 after buying an additional 767 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of MasterBrand by 18.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 5,178 shares of the company’s stock valued at $68,000 after buying an additional 821 shares during the period. GAMMA Investing LLC boosted its holdings in shares of MasterBrand by 52.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,268 shares of the company’s stock valued at $43,000 after buying an additional 1,123 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of MasterBrand by 26.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,579 shares of the company’s stock valued at $76,000 after buying an additional 1,177 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of MasterBrand by 1.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 88,754 shares of the company’s stock valued at $970,000 after buying an additional 1,230 shares during the period. Institutional investors own 87.32% of the company’s stock.
About MasterBrand
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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