MasterBrand (NYSE:MBC) Reaches New 1-Year Low - Should You Sell?

Key Points

• MasterBrand shares fell to a new 52-week low of $6.15, below their 50-day and 200-day moving averages.
• Analyst sentiment is cautious: MarketBeat’s average rating is “Reduce,” with an average price target of $8.00; DA Davidson cut its target from $10 and rated the stock neutral.
• The latest quarter beat EPS estimates ($0.10 versus $0.03) but missed revenue forecasts ($1.04 billion versus $1.06 billion); revenue was up 48.3% year over year.

Shares of MasterBrand, Inc. (NYSE:MBC - Get Free Report) hit a new 52-week low during trading on Friday. The company traded as low as $6.15 and last traded at $6.2150, with a volume of 119,282 shares traded. The stock had previously closed at $6.19.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings reissued a "sell (d)" rating on shares of MasterBrand in a report on Friday, October 9th. DA Davidson reduced their target price on shares of MasterBrand from $10.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, November 6th. Wall Street Zen upgraded shares of MasterBrand from a "sell" rating to a "hold" rating in a research report on Saturday, November 7th. Finally, Zacks Research began coverage on shares of MasterBrand in a research report on Tuesday, November 3rd. They set a "hold" rating for the company. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, MasterBrand has an average rating of "Reduce" and an average target price of $8.00.

MasterBrand Stock Performance

The company has a quick ratio of 0.81, a current ratio of 1.51 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.28 billion, a P/E ratio of -7.13 and a beta of 1.45. The stock has a fifty day simple moving average of $7.03 and a 200-day simple moving average of $8.64.

MasterBrand (NYSE:MBC - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.07. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.06 billion. MasterBrand had a positive return on equity of 1.98% and a negative net margin of 3.99%. The company's revenue for the quarter was up 48.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. Equities analysts expect that MasterBrand, Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Pzena Investment Management LLC raised its holdings in MasterBrand by 11.1% in the third quarter. Pzena Investment Management LLC now owns 17,027,986 shares of the company's stock worth $119,196,000 after purchasing an additional 1,698,503 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of MasterBrand by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 7,010,428 shares of the company's stock worth $58,256,000 after purchasing an additional 447,352 shares in the last quarter. Paradigm Capital Management Inc. NY bought a new position in shares of MasterBrand during the second quarter worth $47,526,000. Monarch Alternative Capital LP acquired a new position in shares of MasterBrand in the 1st quarter valued at $16,620,000. Finally, Public Sector Pension Investment Board grew its holdings in shares of MasterBrand by 90.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,329,084 shares of the company's stock valued at $8,912,000 after buying an additional 631,626 shares during the period. Institutional investors and hedge funds own 87.32% of the company's stock.

About MasterBrand

MasterBrand, Inc. manufactures residential cabinets for kitchens, bathrooms and other areas of the home. Its products span a range of styles and price points and are sold under brands including Aristokraft, Omega, Schrock, KitchenCraft, Decora, Diamond and Mantra. The company serves customers primarily in the United States and Canada through channels that include independent dealers, home improvement retailers and homebuilders. Its offerings include cabinetry and related products for both new construction and home remodeling projects.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.