MasterBrand (NYSE:MBC) Sets New 52-Week Low - Should You Sell?

MasterBrand, Inc. (NYSE:MBC - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $13.90 and last traded at $14.16, with a volume of 33027 shares. The stock had previously closed at $14.30.

Wall Street Analyst Weigh In

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

MasterBrand Price Performance

The firm's 50 day moving average is $15.89 and its 200 day moving average is $16.63. The firm has a market cap of $1.77 billion, a P/E ratio of 14.32 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 issued 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 firm had revenue of $667.70 million during the quarter, compared to the consensus estimate of $722.85 million. MasterBrand had a return on equity of 13.89% and a net margin of 4.66%.

Insider Transactions at MasterBrand

In other news, Director Juliana L. Chugg bought 6,989 shares of the company's stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $14.17 per share, for a total transaction of $99,034.13. Following the completion of the purchase, the director now owns 33,424 shares in the company, valued at approximately $473,618.08. This represents a 26.44 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.38% of the company's stock.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBC. Boston Partners lifted its position 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 during the period. Gates Capital Management Inc. lifted its position 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 during the period. Polar Capital Holdings Plc bought a new position in MasterBrand during the fourth quarter valued at approximately $8,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in MasterBrand by 58.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,425,966 shares of the company's stock valued at $26,437,000 after purchasing an additional 528,537 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in MasterBrand by 11.8% during the third quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company's stock valued at $91,329,000 after purchasing an additional 518,443 shares during the period. 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.