MasterBrand (NYSE:MBC) Receives Underperform Rating from Zelman & Associates

Zelman & Associates reaffirmed their underperform rating on shares of MasterBrand (NYSE:MBC - Free Report) in a research report report published on Monday morning, Marketbeat.com reports.

Separately, Loop Capital cut their price target on shares of MasterBrand from $21.00 to $19.00 and set a "buy" rating for the company in a report on Wednesday, February 19th.

MasterBrand Trading Up 2.1 %

NYSE:MBC traded up $0.24 during trading hours on Monday, hitting $11.63. 846,558 shares of the company were exchanged, compared to its average volume of 931,473. MasterBrand has a one year low of $10.84 and a one year high of $20.67. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 11.99 and a beta of 1.70. The company has a fifty day simple moving average of $13.58 and a 200 day simple moving average of $15.72.

MasterBrand (NYSE:MBC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). MasterBrand had a net margin of 4.66% and a return on equity of 13.89%. The company had revenue of $667.70 million during the quarter, compared to the consensus estimate of $722.85 million.

MasterBrand declared that its board has initiated a share repurchase program on Monday, March 17th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at MasterBrand

In other news, Director Juliana L. Chugg acquired 6,989 shares of the business's stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $14.17 per share, for a total transaction of $99,034.13. Following the completion of the transaction, the director now directly owns 33,424 shares in the company, valued at approximately $473,618.08. This trade represents a 26.44 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Crisci acquired 20,000 shares of MasterBrand stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $14.08 per share, for a total transaction of $281,600.00. Following the purchase, the director now owns 66,435 shares in the company, valued at approximately $935,404.80. The trade was a 43.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.38% of the stock is currently owned by corporate insiders.

Institutional Trading of MasterBrand

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its stake in shares of MasterBrand by 150.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company's stock worth $37,000 after acquiring an additional 1,549 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of MasterBrand by 52.4% during the third quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company's stock worth $66,000 after purchasing an additional 1,216 shares during the last quarter. KBC Group NV lifted its position in shares of MasterBrand by 52.0% during the fourth quarter. KBC Group NV now owns 5,800 shares of the company's stock worth $85,000 after purchasing an additional 1,983 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of MasterBrand by 39.9% during the third quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company's stock valued at $89,000 after purchasing an additional 1,364 shares during the period. Finally, Caxton Associates LP bought a new position in shares of MasterBrand in the fourth quarter worth about $148,000. Hedge funds and other institutional investors 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.