MasterBrand (NYSE:MBC) EVP Kurt Wanninger Sells 50,000 Shares

MasterBrand, Inc. (NYSE:MBC) EVP Kurt Wanninger sold 50,000 shares of MasterBrand stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $9.22, for a total value of $461,000.00. Following the transaction, the executive vice president owned 201,199 shares of the company’s stock, valued at $1,855,054.78. This represents a 19.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

MasterBrand Stock Performance

Shares of NYSE MBC traded up $0.07 during mid-day trading on Thursday, reaching $9.29. 1,068,682 shares of the company were exchanged, compared to its average volume of 2,626,771. The stock has a market capitalization of $1.19 billion, a P/E ratio of -13.46 and a beta of 1.44. The company has a quick ratio of 1.04, a current ratio of 1.76 and a debt-to-equity ratio of 0.70. The company’s 50-day simple moving average is $8.99 and its 200-day simple moving average is $9.26. MasterBrand, Inc. has a twelve month low of $6.61 and a twelve month high of $14.22.

MasterBrand (NYSE:MBC) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.05 earnings per share (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 firm had revenue of $815.20 million during the quarter, compared to the consensus estimate of $743.05 million. During the same quarter last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. MasterBrand has set its Q3 2026 guidance at -0.050-0.030 EPS.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MBC. Wall Street Zen raised shares of 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 report on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On MasterBrand

A number of hedge funds have recently made changes to their positions in MBC. Axiom Investment Management LLC bought a new position in MasterBrand during the 1st quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. increased its position in shares of MasterBrand by 696.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,012 shares of the company’s stock worth $33,000 after buying an additional 2,634 shares during the period. IFP Advisors Inc raised its stake in MasterBrand by 124.4% during the fourth quarter. IFP Advisors Inc now owns 3,510 shares of the company’s stock worth $39,000 after buying an additional 1,946 shares during the last quarter. Clearstead Advisors LLC raised its stake in MasterBrand by 165.2% during the fourth quarter. Clearstead Advisors LLC now owns 4,228 shares of the company’s stock worth $47,000 after buying an additional 2,634 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new position in MasterBrand in the second quarter valued at $64,000. 87.32% of the stock is currently owned by institutional investors.

About MasterBrand

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.