DA Davidson Reaffirms “Neutral” Rating for MasterBrand (NYSE:MBC)

MasterBrand (NYSE:MBC)‘s stock had its “neutral” rating restated by research analysts at DA Davidson in a report released on Tuesday, Benzinga reports. They presently have a $10.00 price target on the stock. DA Davidson‘s price target indicates a potential upside of 46.11% from the company’s current price.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of MasterBrand in a research report on Friday, October 9th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $10.00.

MasterBrand Stock Down 1.0%

MBC stock traded down $0.07 during trading hours on Tuesday, hitting $6.84. The company’s stock had a trading volume of 278,959 shares, compared to its average volume of 2,619,740. The company has a market capitalization of $1.39 billion, a PE ratio of -9.89 and a beta of 1.48. MasterBrand has a 12 month low of $6.17 and a 12 month high of $13.95. The stock has a 50 day moving average price of $7.47 and a two-hundred day moving average price of $8.98.

MasterBrand (NYSE:MBC) last posted its earnings results on Tuesday, August 4th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). The business had revenue of $815.20 million for the quarter, compared to the consensus estimate of $743.05 million. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. MasterBrand has set its Q3 2026 guidance at -0.050-0.030 EPS.

Insider Activity

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

Institutional Trading of MasterBrand

Several large investors have recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in MasterBrand by 25.2% in the 2nd quarter. Versant Capital Management Inc now owns 13,363 shares of the company’s stock valued at $138,000 after purchasing an additional 2,692 shares during the period. Corient Private Wealth LP boosted its holdings in MasterBrand by 14.9% in the 2nd quarter. Corient Private Wealth LP now owns 25,360 shares of the company’s stock valued at $261,000 after purchasing an additional 3,282 shares during the period. Axiom Investment Management LLC bought a new stake in MasterBrand in the 1st quarter valued at $29,000. Amundi boosted its holdings in MasterBrand by 24.6% in the 1st quarter. Amundi now owns 17,972 shares of the company’s stock valued at $149,000 after purchasing an additional 3,544 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in MasterBrand in the 2nd quarter valued at $38,000. 87.32% of the stock is owned by institutional investors.

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.