MasterBrand (NYSE:MBC) Hits New 12-Month Low - Time to Sell?

Shares of MasterBrand, Inc. (NYSE:MBC - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $13.77 and last traded at $13.76, with a volume of 64225 shares. The stock had previously closed at $13.99.

Wall Street Analysts Forecast Growth

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

MasterBrand Price Performance

The business's 50 day moving average price is $15.86 and its 200 day moving average price is $16.63. The stock has a market capitalization of $1.69 billion, a P/E ratio of 13.66 and a beta of 1.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.65 and a quick ratio of 1.02.

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

Insider Activity at MasterBrand

In other MasterBrand news, Director Juliana L. Chugg bought 6,989 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $14.17 per share, for a total transaction of $99,034.13. Following the completion of the transaction, the director now owns 33,424 shares of the company's stock, valued at $473,618.08. This represents a 26.44 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.38% of the stock is currently owned by company insiders.

Institutional Trading of MasterBrand

Several large investors have recently added to or reduced their stakes in the business. Gates Capital Management Inc. lifted its holdings in MasterBrand by 7.5% during the fourth quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company's stock valued at $138,643,000 after purchasing an additional 658,807 shares in the last quarter. Boston Partners lifted its holdings in MasterBrand by 82.2% during the fourth quarter. Boston Partners now owns 5,237,123 shares of the company's stock valued at $76,558,000 after purchasing an additional 2,363,308 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in MasterBrand by 3.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 5,083,041 shares of the company's stock valued at $74,264,000 after purchasing an additional 156,993 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in MasterBrand by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,976,769 shares of the company's stock valued at $72,709,000 after purchasing an additional 226,818 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in MasterBrand by 4.2% during the third quarter. Geode Capital Management LLC now owns 3,400,366 shares of the company's stock valued at $63,053,000 after purchasing an additional 135,693 shares in the last quarter. 87.32% of the stock is currently owned by institutional investors.

About MasterBrand

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.