MasterBrand (NYSE:MBC) Hits New 12-Month Low - What's Next?

MasterBrand, Inc. (NYSE:MBC - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock 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.

Analyst Upgrades and Downgrades

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

MasterBrand Stock Performance

The company has a 50-day simple moving average of $15.79 and a two-hundred day simple moving average of $16.56. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market capitalization of $1.75 billion, a P/E ratio of 14.16 and a beta of 1.77.

MasterBrand (NYSE:MBC - Get Free Report) last posted its quarterly earnings data 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). The firm 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

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

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Hedge Funds Weigh In On MasterBrand

Several large investors have recently made changes to their positions in MBC. Smartleaf Asset Management LLC raised its holdings in MasterBrand by 150.7% in 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. Quest Partners LLC raised its holdings in MasterBrand by 33.3% in the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company's stock worth $61,000 after acquiring an additional 821 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in MasterBrand by 52.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company's stock worth $66,000 after acquiring an additional 1,216 shares during the last quarter. KBC Group NV raised its holdings in MasterBrand by 52.0% in the 4th quarter. KBC Group NV now owns 5,800 shares of the company's stock worth $85,000 after acquiring an additional 1,983 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in MasterBrand by 39.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company's stock worth $89,000 after acquiring an additional 1,364 shares during the last quarter. 87.32% of the stock is currently owned by hedge funds and other 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.