MasterBrand, Inc. (NYSE:MBC – Get Free Report) shares traded up 7.2% during mid-day trading on Wednesday . The stock traded as high as $9.03 and last traded at $8.96. Approximately 135,551 shares changed hands during trading, a decline of 95% from the average session volume of 2,742,851 shares. The stock had previously closed at $8.36.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of MasterBrand from a “strong sell” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.
Check Out Our Latest Research Report on MasterBrand
MasterBrand Price Performance
MasterBrand (NYSE:MBC – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.10. The business had revenue of $618.00 million for the quarter, compared to the consensus estimate of $591.35 million. MasterBrand had a positive return on equity of 7.35% and a negative net margin of 0.07%.The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. MasterBrand has set its Q2 2026 guidance at 0.030-0.13 EPS.
Insider Transactions at MasterBrand
In other news, Director David D. Petratis acquired 11,587 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $616,650.30. This trade represents a 19.87% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO R David Banyard acquired 60,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was purchased at an average price of $8.43 per share, with a total value of $505,800.00. Following the transaction, the chief executive officer owned 1,831,788 shares of the company’s stock, valued at approximately $15,441,972.84. This trade represents a 3.39% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 81,587 shares of company stock valued at $696,347 over the last quarter. Company insiders own 2.04% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Pertento Partners LLP purchased a new position in MasterBrand in the 4th quarter valued at about $42,835,000. Coliseum Capital Management LLC raised its holdings in shares of MasterBrand by 42.4% during the fourth quarter. Coliseum Capital Management LLC now owns 10,772,614 shares of the company’s stock valued at $118,930,000 after acquiring an additional 3,209,323 shares during the last quarter. Cooke & Bieler LP acquired a new position in shares of MasterBrand during the fourth quarter valued at approximately $31,255,000. Monarch Alternative Capital LP purchased a new position in shares of MasterBrand in the first quarter valued at approximately $16,620,000. Finally, Stonehill Capital Management LLC lifted its position in shares of MasterBrand by 311.5% in the third quarter. Stonehill Capital Management LLC now owns 1,954,780 shares of the company’s stock valued at $25,744,000 after acquiring an additional 1,479,780 shares in the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.
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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