Bank of America Corp DE Has $4.21 Million Stock Holdings in MasterBrand, Inc. $MBC

Key Points

• Institutional ownership increased: Bank of America raised its MasterBrand position by 37.8% to 506,110 shares valued at approximately $4.21 million. Institutional investors and hedge funds collectively own 87.32% of the stock.
• Analyst sentiment remains weak: MasterBrand has a consensus rating of “Reduce” and a $10.00 price target, with ratings split between Hold and Sell.
• Quarterly results were mixed: Revenue rose 11.5% year over year to $815.2 million, exceeding estimates, but earnings per share came in at $0.05 versus the $0.10 consensus forecast. Shares opened at $8.60, below the consensus price target.

Bank of America Corp DE grew its position in MasterBrand, Inc. (NYSE:MBC - Free Report) by 37.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 506,110 shares of the company's stock after purchasing an additional 138,792 shares during the quarter. Bank of America Corp DE owned approximately 0.40% of MasterBrand worth $4,206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Coliseum Capital Management LLC increased its position in MasterBrand by 42.4% in the 4th quarter. Coliseum Capital Management LLC now owns 10,772,614 shares of the company's stock worth $118,930,000 after buying an additional 3,209,323 shares during the period. Boston Partners lifted its holdings in shares of MasterBrand by 7.8% during the third quarter. Boston Partners now owns 8,930,199 shares of the company's stock worth $117,688,000 after buying an additional 649,960 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of MasterBrand by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 7,010,428 shares of the company's stock valued at $58,256,000 after acquiring an additional 447,352 shares during the period. State Street Corp boosted its position in shares of MasterBrand by 0.5% in the fourth quarter. State Street Corp now owns 4,957,171 shares of the company's stock valued at $54,727,000 after acquiring an additional 24,796 shares during the period. Finally, Pertento Partners LLP acquired a new stake in shares of MasterBrand in the fourth quarter worth $42,835,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MBC has been the topic of a number of research reports. Wall Street Zen raised shares of MasterBrand from a "strong sell" rating to a "sell" rating in a research report on Saturday, June 20th. Weiss Ratings reissued a "sell (d)" rating on shares of MasterBrand in a report on Monday, July 13th. Finally, DA Davidson started coverage on shares of MasterBrand in a research report on Monday. They issued a "neutral" rating and a $10.00 price target on the stock. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $10.00.

MasterBrand Trading Down 0.7%

Shares of MasterBrand stock opened at $8.60 on Friday. The firm has a market capitalization of $1.75 billion, a PE ratio of -12.46 and a beta of 1.44. 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 company's fifty day moving average price is $9.04 and its two-hundred day moving average price is $8.99. MasterBrand, Inc. has a 52-week low of $6.61 and a 52-week high of $14.22.

MasterBrand (NYSE:MBC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05). MasterBrand had a positive return on equity of 3.65% and a negative net margin of 3.49%.The business had revenue of $815.20 million during the quarter, compared to analyst estimates of $743.05 million. During the same period last year, the company earned $0.40 EPS. The business's revenue for the quarter was up 11.5% on a year-over-year basis. MasterBrand has set its Q3 2026 guidance at -0.050-0.030 EPS.

Insider Buying and Selling at MasterBrand

In related news, Director David D. Petratis purchased 11,587 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of $8.82 per share, with a total value of $102,197.34. Following the purchase, the director directly owned 69,915 shares in the company, valued at $616,650.30. This represents a 19.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value of $461,000.00. Following the completion of the sale, the executive vice president owned 201,199 shares in the company, valued at $1,855,054.78. This trade represents a 19.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have purchased 81,587 shares of company stock worth $696,347 over the last three months. 2.80% of the stock is currently owned by insiders.

MasterBrand Profile

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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