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Kinston manufacturer to lay off almost 400 workers in November. Posted: Sep 30, 2026 / 12:08 PM EDT Updated: Sep 30, 2026 / 12:08 PM EDT KINSTON, N.C. (WNCT) - A company in Kinston is reportedly laying off over 300 workers in November. MasterBrand Cabinets LLC will lay off 391 employees on November 27. The company warned its employees of the change on September 28. The cabinet-making brand expanded its operations in 2021. Roy Cooper, who was the Governor at the time, announced in November of 2021 that the brand would be adding over 450 jobs over the course of five years. The company and Kinston City Council have not responded to inquiries about the situation.

MasterBrand changes to affect 390 workers at Kinston facility. MasterBrand plans to move part of its Kinston production to facilities in three other states, affecting approximately 390 employees while retaining about 180 workers at the site, a company spokesperson said. Kinston historical tours The company will focus its Kinston operations exclusively on frameless cabinetry and components manufacturing. Production and assembly of non-frameless products will move to MasterBrand facilities in Indiana, Illinois and Oregon. The portions of the Kinston facility supporting that work will wind down and be idled by late November 2026, according to the company. MasterBrand said the decision stems from an ongoing review of its manufacturing network as part of its merger with American Woodmark. "MasterBrand will maintain a manufacturing presence in Kinston," the spokesperson said. "Approximately 180 associates will continue at the site supporting frameless cabinetry and components manufacturing." Discover more Political news analysis Digital article archive Newspaper advertising space The remaining operations will include Ultracraft frameless cabinetry production, which recently transitioned to the Kinston site. Approximately 390 employees supporting non-frameless operations will be affected. The company did not specify how many would leave MasterBrand or transfer to other positions. "The decision is not a reflection of their dedication, performance or contributions," the spokesperson said. MasterBrand said affected employees will receive enhanced severance packages with pay and benefits continuation, outplacement support and connections to workforce resources. Employees also may apply for other positions within the company, including some offering relocation benefits. Neuse News contacted MasterBrand after receiving reports of potential layoffs and finding no corresponding notice in North Carolina's public Worker Adjustment and Retraining Notification listings. Classified ad platform "We have provided notices to the affected associates and notified the relevant agencies," the spokesperson said. The company did not provide the dates of those notifications or explain why a corresponding notice had not appeared in the public listings. MasterBrand said the manufacturing review supports its goal of achieving more than $100 million in annual cost savings by the end of the third year following the merger's close. The company said it has a transition plan intended to maintain product quality, customer service and delivery performance. The company also expressed appreciation for its employees and Kinston leaders and community partners as it completes the transition.

Insider selling: MasterBrand (NYSE:MBC) EVP sells $461,000.00 in stock. August 13, 2026 Key points. * MasterBrand EVP Kurt Wanninger sold 50,000 shares at an average price of $9.22, totaling $461,000 and reducing his holdings by 19.9% to 201,199 shares. * MasterBrand reported quarterly revenue of $815.2 million, up 11.5% year over year and above estimates, but EPS of $0.05 missed expectations of $0.10. The company issued third-quarter 2026 EPS guidance ranging from a $0.05 loss to $0.03 profit. * MBC shares recently traded at $9.29, while the stock carries a consensus "Sell" rating; institutional investors own 87.32% of outstanding shares. * MarketBeat previews the top five stocks to own by September 1st. MasterBrand, Inc. (NYSE:MBC - Get Free Report) EVP Kurt Wanninger sold 50,000 shares of the firm's 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 transaction, the executive vice president owned 201,199 shares in the company, valued at approximately $1,855,054.78. This trade represents a 19.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. MasterBrand trading up 0.8%. Shares of MBC stock traded up $0.07 on Thursday, reaching $9.29. The company had a trading volume of 1,068,682 shares, compared to its average volume of 2,626,771. The stock has a market cap of $1.19 billion, a PE ratio of -13.46 and a beta of 1.44. The company has a 50-day moving average of $8.99 and a 200-day moving average of $9.26. The company has a current ratio of 1.76, a quick ratio of 1.04 and a debt-to-equity ratio of 0.70. MasterBrand, Inc. has a 12 month low of $6.61 and a 12 month high of $14.22. MasterBrand (NYSE:MBC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $743.05 million. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. MasterBrand has set its Q3 2026 guidance at -0.050-0.030 EPS. Analysts set new price targets. MBC has been the topic of several recent analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of MasterBrand in a report on Monday, July 13th. Wall Street Zen upgraded MasterBrand from a "strong sell" rating to a "sell" rating in a report on Saturday, June 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell". Institutional investors weigh in on MasterBrand. Several institutional investors have recently added to or reduced their stakes in MBC. Northwestern Mutual Wealth Management Co. raised its stake in shares of MasterBrand by 696.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,012 shares of the company's stock worth $33,000 after purchasing an additional 2,634 shares in the last quarter. Axiom Investment Management LLC bought a new position in shares of MasterBrand in the first quarter valued at $29,000. IFP Advisors Inc grew its stake in shares of MasterBrand by 124.4% in the fourth quarter. IFP Advisors Inc now owns 3,510 shares of the company's stock valued at $39,000 after buying an additional 1,946 shares in the last quarter. Clearstead Advisors LLC increased its holdings 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, CIBC Private Wealth Group LLC raised its position in MasterBrand by 58.8% during the third quarter. CIBC Private Wealth Group LLC now owns 5,812 shares of the company's stock worth $77,000 after acquiring an additional 2,153 shares in the last quarter. 87.32% of the stock is 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider MasterBrand, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MasterBrand wasn't on the list. While MasterBrand currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys. 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