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Robert Crisci, a director at MasterBrand , Inc. (NYSE:MBC), made a significant purchase of the company’s stock, according to a recent SEC filing. On February 28, Crisci acquired 20,000 shares of common stock at an average price of $14.08 per share, totaling approximately $281,600. The timing is notable as InvestingPro data shows the stock has declined over 8% in the past week, with technical indicators suggesting oversold conditions. This transaction increases his total holdings to 66,435 shares, which includes 8,344 restricted stock units that have not yet vested. The shares were purchased in multiple transactions at prices ranging from $14.01 to $14.10 per share. With a market capitalization of $1.68 billion and a P/E ratio of 14.9x, InvestingPro analysis indicates the stock is currently trading below its Fair Value. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report for deeper insights into MasterBrand’s financial health and growth prospects.
In other recent news, MasterBrand Inc. reported its fourth-quarter 2024 earnings, which fell short of market expectations. The company’s earnings per share (EPS) were $0.21, missing the forecasted $0.31, and revenue was $667.7 million, below the anticipated $700.1 million. Loop Capital Markets responded by lowering its price target for MasterBrand shares from $21.00 to $19.00, while maintaining a Buy rating. This revision came after MasterBrand revealed weaker-than-expected results for the quarter and its full-year 2025 guidance. The cabinet industry experienced a downturn in demand, impacting MasterBrand’s performance due to poor fixed cost absorption and delays in price increases. Despite these challenges, MasterBrand management remains optimistic, projecting a mid-single-digit increase in net sales for 2025, with plans for significant investments in tech-enabled initiatives. Analysts from Loop Capital believe that MasterBrand’s earnings growth will accelerate when market conditions improve, driven by pricing strategies and strong operating leverage.
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