MasterBrand (NYSE:MBC) Sets New 52-Week Low – Here’s Why

Shares of MasterBrand, Inc. (NYSE:MBC) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $13.90 and last traded at $14.16, with a volume of 33027 shares traded. The stock had previously closed at $14.30.

Wall Street Analyst Weigh In

Separately, Loop Capital decreased their target price 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 Stock Up 0.5 %

The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.94 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average price of $15.98 and a 200 day moving average price of $16.67.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MBC. Smartleaf Asset Management LLC increased its stake in shares of MasterBrand by 150.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company’s stock valued at $37,000 after buying an additional 1,549 shares during the period. Quest Partners LLC increased its position in MasterBrand by 33.3% during the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock valued at $61,000 after purchasing an additional 821 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of 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 purchasing an additional 1,216 shares during the period. KBC Group NV lifted its position in shares of 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 purchasing an additional 1,983 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake in shares of MasterBrand by 39.9% in the 3rd 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 last quarter. 87.32% of the stock is 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.