Key Points
- MasterBrand EVP Kurt Wanninger sold 50,000 shares at an average price of $9.22, generating $461,000. His remaining direct ownership fell by 19.9% to 201,199 shares.
- MasterBrand’s latest quarter showed mixed results: revenue rose 11.5% year over year to $815.2 million, but adjusted EPS of $0.05 missed the $0.10 consensus estimate.
- Institutional investors own 87.32% of the company, while analyst sentiment remains negative, with MasterBrand carrying an average “Sell” rating.
MasterBrand, Inc. (NYSE:MBC - Get Free Report) EVP Kurt Wanninger sold 50,000 shares of MasterBrand stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $9.22, for a total value of $461,000.00. Following the completion of the transaction, the executive vice president directly owned 201,199 shares of the company's stock, valued at approximately $1,855,054.78. This trade represents a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
MasterBrand Stock Up 0.8%
Shares of NYSE:MBC opened at $9.29 on Friday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -13.46 and a beta of 1.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.76 and a quick ratio of 1.04. The business's 50-day moving average is $9.01 and its 200-day moving average is $9.24. MasterBrand, Inc. has a 1 year low of $6.61 and a 1 year high of $14.22.
MasterBrand (NYSE:MBC - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). MasterBrand had a negative net margin of 3.49% and a positive return on equity of 3.65%. The business had revenue of $815.20 million for the quarter, compared to the consensus estimate of $743.05 million. During the same quarter in the previous year, the company earned $0.40 EPS. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. MasterBrand has set its Q3 2026 guidance at -0.050-0.030 EPS.
Hedge Funds Weigh In On MasterBrand
A number of institutional investors and hedge funds have recently made changes to their positions in MBC. Coliseum Capital Management LLC grew its stake in shares of MasterBrand by 42.4% in the 4th quarter. Coliseum Capital Management LLC now owns 10,772,614 shares of the company's stock valued at $118,930,000 after buying an additional 3,209,323 shares during the period. Boston Partners raised its stake in MasterBrand by 7.8% during the 3rd quarter. Boston Partners now owns 8,930,199 shares of the company's stock worth $117,688,000 after buying an additional 649,960 shares during the period. Dimensional Fund Advisors LP boosted its holdings in MasterBrand by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 7,010,428 shares of the company's stock worth $58,256,000 after acquiring an additional 447,352 shares in the last quarter. State Street Corp boosted its holdings in MasterBrand by 0.5% in the fourth quarter. State Street Corp now owns 4,957,171 shares of the company's stock worth $54,727,000 after acquiring an additional 24,796 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY bought a new position in MasterBrand in the second quarter worth approximately $47,526,000. Institutional investors own 87.32% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on MBC. Wall Street Zen upgraded MasterBrand from a "strong sell" rating to a "sell" rating in a report on Saturday, June 20th. Weiss Ratings reiterated a "sell (d)" rating on shares of MasterBrand in a research note on Monday, July 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, MasterBrand presently has an average rating of "Sell".
Check Out Our Latest Stock Report on MBC
About MasterBrand
(
Get Free Report)
MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.
MasterBrand's product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
