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

MasterBrand, Inc. (NYSE:MBC)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $13.90 and last traded at $14.16, with a volume of 33027 shares. The stock had previously closed at $14.30.

Analyst Ratings Changes

Separately, Loop Capital reduced their target price on MasterBrand from $21.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, February 19th.

MasterBrand Stock Down 2.3 %

The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $15.91 and a two-hundred day simple moving average of $16.66. The company has a market cap of $1.83 billion, a PE ratio of 14.81 and a beta of 1.58.

MasterBrand (NYSE:MBC) last issued its earnings results on Tuesday, February 18th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The business had revenue of $667.70 million during the quarter, compared to analyst estimates of $722.85 million. MasterBrand had a net margin of 4.66% and a return on equity of 13.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Partners increased its holdings in shares of MasterBrand by 82.2% in the fourth quarter. Boston Partners now owns 5,237,123 shares of the company’s stock valued at $76,558,000 after purchasing an additional 2,363,308 shares during the last quarter. Gates Capital Management Inc. grew its holdings in MasterBrand by 7.5% in the 4th quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company’s stock valued at $138,643,000 after buying an additional 658,807 shares in the last quarter. Polar Capital Holdings Plc acquired a new stake in shares of MasterBrand in the 4th quarter worth $8,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of MasterBrand by 58.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,425,966 shares of the company’s stock worth $26,437,000 after acquiring an additional 528,537 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of MasterBrand by 11.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company’s stock valued at $91,329,000 after acquiring an additional 518,443 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors and hedge funds.

About MasterBrand

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.