MasterBrand (NYSE:MBC) Stock Picked Up by Analysts at Zacks Research

Zacks Research started coverage on shares of MasterBrand (NYSE:MBC) in a research note issued on Tuesday, Zacks reports. The firm set a “hold” rating on the stock.

A number of other analysts have also commented on the company. DA Davidson reissued a “neutral” rating and set a $10.00 price target on shares of MasterBrand in a research note on Tuesday, October 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of MasterBrand in a research note on Friday, October 9th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, MasterBrand has a consensus rating of “Reduce” and a consensus target price of $10.00.

MasterBrand Trading Up 9.0%

Shares of NYSE:MBC opened at $7.51 on Tuesday. The company has a market capitalization of $1.53 billion, a P/E ratio of -10.88 and a beta of 1.45. MasterBrand has a 1 year low of $6.17 and a 1 year high of $13.95. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.76 and a quick ratio of 1.04. The business’s 50 day simple moving average is $7.23 and its 200 day simple moving average is $8.82.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company had revenue of $815.20 million during the quarter, compared to analyst estimates of $743.05 million. MasterBrand had a negative net margin of 3.49% and a positive return on equity of 3.65%. MasterBrand’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, research analysts anticipate that MasterBrand will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling at MasterBrand

In other news, EVP Kurt Wanninger sold 50,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $9.22, for a total transaction of $461,000.00. Following the transaction, the executive vice president 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 can be accessed through this link. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On MasterBrand

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Axiom Investment Management LLC purchased a new stake in MasterBrand during the first quarter valued at approximately $29,000. Integrated Wealth Concepts LLC purchased a new stake in shares of MasterBrand during the second quarter valued at $38,000. Nykredit A S purchased a new stake in shares of MasterBrand during the second quarter valued at $40,000. Trust Co. of Vermont purchased a new position in shares of MasterBrand in the second quarter worth about $64,000. Finally, VestGen Advisors LLC purchased a new stake in MasterBrand in the third quarter valued at approximately $71,000. Hedge funds and other 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.