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

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

Wall Street Analyst Weigh In

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 Price Performance

The stock has a 50-day simple moving average of $15.91 and a 200 day simple moving average of $16.66. The company has a market cap of $1.83 billion, a PE ratio of 14.81 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.

MasterBrand (NYSE:MBC) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Investors Weigh In On MasterBrand

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Partners boosted its position in shares of MasterBrand by 82.2% during the 4th quarter. Boston Partners now owns 5,237,123 shares of the company’s stock worth $76,558,000 after purchasing an additional 2,363,308 shares during the period. Gates Capital Management Inc. lifted its stake in MasterBrand by 7.5% during the fourth quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company’s stock worth $138,643,000 after purchasing an additional 658,807 shares in the last quarter. Polar Capital Holdings Plc acquired a new position in MasterBrand during the fourth quarter worth $8,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $26,437,000 after buying an additional 528,537 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in shares of MasterBrand by 11.8% in the third quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company’s stock valued at $91,329,000 after buying an additional 518,443 shares in the last quarter. 87.32% of the stock is owned by hedge funds and other institutional investors.

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.