MasterBrand (NYSE:MBC) Stock Breaks Above 50-Day Moving Average – Should You Sell?

MasterBrand, Inc. (NYSE:MBC)’s stock price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $7.31 and traded as high as $7.62. MasterBrand shares last traded at $7.3750, with a volume of 2,043,180 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of MasterBrand in a report on Friday, October 9th. DA Davidson restated a “neutral” rating and set a $10.00 price target on shares of MasterBrand in a report on Tuesday, October 27th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, MasterBrand presently has a consensus rating of “Reduce” and an average price target of $10.00.

MasterBrand Price Performance

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 firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -10.69 and a beta of 1.48. The stock’s 50 day moving average price is $7.31 and its two-hundred day moving average price is $8.88.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data 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). The firm had revenue of $815.20 million for the quarter, compared to analysts’ expectations of $743.05 million. MasterBrand had a positive return on equity of 3.65% and a negative net margin of 3.49%. MasterBrand’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 earnings per share.

Insider Buying and Selling

In other MasterBrand news, EVP Kurt Wanninger sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $9.22, for a total value of $461,000.00. Following the transaction, the executive vice president directly owned 201,199 shares of the company’s stock, valued at $1,855,054.78. This represents a 19.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On MasterBrand

Institutional investors have recently made changes to their positions in the company. Pzena Investment Management LLC increased 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 buying an additional 1,698,503 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 last quarter. Paradigm Capital Management Inc. NY acquired a new stake in MasterBrand in the second quarter valued at approximately $47,526,000. Monarch Alternative Capital LP acquired a new stake in MasterBrand in the first quarter valued at approximately $16,620,000. Finally, Ancora Advisors LLC bought a new stake in MasterBrand in the second quarter worth approximately $6,917,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

MasterBrand Company Profile

MasterBrand, Inc (NYSE:MBC) is a manufacturer of residential cabinetry and related products. The company designs and produces cabinets for kitchens, bathrooms, home offices, living areas and other spaces, serving both new construction and remodeling markets.

MasterBrand offers a range of cabinet styles, materials, finishes and price points through a portfolio of brands that includes Aristokraft, Cabinetry by Karman, Decora, Diamond, Homecrest, Kemper, Mantra, Omega and Schrock. Its products are sold through home improvement and specialty retailers, independent dealers, builders and other trade customers.

The company is based in Jasper, Indiana, and serves customers primarily in the United States and Canada.