MasterBrand (NYSE:MBC) Shares Down 4.8% - What's Next?

MasterBrand, Inc. (NYSE:MBC - Get Free Report)'s stock price fell 4.8% on Monday . The company traded as low as $9.81 and last traded at $9.71. 88,882 shares were traded during mid-day trading, a decline of 91% from the average session volume of 979,225 shares. The stock had previously closed at $10.20.

Analysts Set New Price Targets

MBC has been the topic of a number of analyst reports. Zelman & Associates reissued an "underperform" rating on shares of MasterBrand in a research note on Monday, April 14th. Loop Capital decreased their target price on shares of MasterBrand from $16.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 7th.

MasterBrand Trading Up 0.7%

The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 10.73 and a beta of 1.42. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $11.27 and a 200 day moving average price of $14.05.

MasterBrand (NYSE:MBC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). The business had revenue of $660.30 million for the quarter, compared to analyst estimates of $663.95 million. MasterBrand had a return on equity of 13.89% and a net margin of 4.66%.

MasterBrand declared that its board has authorized a stock buyback plan on Monday, March 17th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On MasterBrand

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC raised its holdings in shares of MasterBrand by 213.8% during the first quarter. Signaturefd LLC now owns 1,949 shares of the company's stock worth $25,000 after acquiring an additional 1,328 shares in the last quarter. Smartleaf Asset Management LLC increased its position in MasterBrand by 150.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company's stock worth $37,000 after purchasing an additional 1,549 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of MasterBrand during the 1st quarter worth about $49,000. Public Employees Retirement System of Ohio lifted its holdings in shares of MasterBrand by 36.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the company's stock valued at $70,000 after buying an additional 1,286 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of MasterBrand by 52.0% during the 4th quarter. KBC Group NV now owns 5,800 shares of the company's stock valued at $85,000 after buying an additional 1,983 shares during the last quarter. Institutional investors and hedge funds own 87.32% of the company's stock.

MasterBrand Company Profile

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.