Ancora Advisors LLC Buys 259,198 Shares of MasterBrand, Inc. $MBC

Key Points

• Ancora Advisors increased its MasterBrand stake by 62.8%, purchasing 259,198 additional shares to hold 672,221 shares valued at approximately $6.9 million. Institutional investors collectively own 87.32% of the company.
• MasterBrand insiders have also been buying shares, including 5,000 shares purchased by CFO Andrea Helen Simon and 11,587 shares bought by Director David D. Petratis. Insiders acquired 21,587 shares worth roughly $190,547 over the past 90 days.
• Analyst sentiment remains cautious: MasterBrand has a consensus “Reduce” rating and a $10 target price, while the stock recently opened at $7.97 after the company missed quarterly EPS expectations despite revenue growth of 11.5% year over year.

Ancora Advisors LLC boosted its stake in MasterBrand, Inc. (NYSE:MBC - Free Report) by 62.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 672,221 shares of the company's stock after purchasing an additional 259,198 shares during the quarter. Ancora Advisors LLC owned about 0.33% of MasterBrand worth $6,917,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBC. Northwestern Mutual Wealth Management Co. grew its holdings in MasterBrand by 696.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,012 shares of the company's stock valued at $33,000 after purchasing an additional 2,634 shares during the period. Axiom Investment Management LLC acquired a new stake in MasterBrand in the first quarter worth $29,000. IFP Advisors Inc raised its holdings in MasterBrand by 124.4% in the fourth quarter. IFP Advisors Inc now owns 3,510 shares of the company's stock worth $39,000 after purchasing an additional 1,946 shares during the period. Clearstead Advisors LLC boosted its position in shares of MasterBrand by 165.2% during the fourth quarter. Clearstead Advisors LLC now owns 4,228 shares of the company's stock worth $47,000 after purchasing an additional 2,634 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of MasterBrand by 58.8% during the third quarter. CIBC Private Wealth Group LLC now owns 5,812 shares of the company's stock worth $77,000 after purchasing an additional 2,153 shares in the last quarter. Institutional investors own 87.32% of the company's stock.

Insider Buying and Selling at MasterBrand

In related news, CFO Andrea Helen Simon purchased 5,000 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average cost of $8.56 per share, for a total transaction of $42,800.00. Following the completion of the purchase, the chief financial officer owned 497,341 shares in the company, valued at approximately $4,257,238.96. This represents a 1.02% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David D. Petratis acquired 11,587 shares of the business's stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average cost of $8.82 per share, with a total value of $102,197.34. Following the transaction, the director directly owned 69,915 shares of the company's stock, valued at $616,650.30. This trade represents a 19.87% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 21,587 shares of company stock worth $190,547 in the last 90 days. Company insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. DA Davidson started coverage on MasterBrand in a report on Monday, August 24th. They set a "neutral" rating and a $10.00 target price on the stock. Wall Street Zen raised MasterBrand from a "strong sell" rating to a "sell" rating in a research report on Saturday, June 20th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of MasterBrand in a report on Monday, July 13th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $10.00.

MasterBrand Stock Down 3.4%

MBC stock opened at $7.97 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.76 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average price of $9.03 and a two-hundred day moving average price of $8.89. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -11.55 and a beta of 1.43. MasterBrand, Inc. has a twelve month low of $6.61 and a twelve month high of $14.22.

MasterBrand (NYSE:MBC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.05). The business 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%. The business's quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. MasterBrand has set its Q3 2026 guidance at -0.050-0.030 EPS.

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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