Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Fund L.P. Forager Sells 58,066 Shares

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 58,066 shares at an average price of $20.37, totaling $1,182,804.42, representing a 3.30% decrease in ownership. Following the sale, Forager holds 1,699,928 shares valued at approximately $34.63 million. The stock opened at $19.39, down 3.7%, with a 12-month range of $14.39 to $23.93. The company reported $0.28 EPS for the last quarter, exceeding estimates, and has set FY 2026 guidance at 1.180-1.430 EPS. 97.64% of shares are owned by institutional investors.

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) major shareholder Fund L.P. Forager sold 58,066 shares of the firm's stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $20.37, for a total transaction of $1,182,804.42. Following the transaction, the insider directly owned 1,699,928 shares in the company, valued at approximately $34,627,533.36. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Fund L.P. Forager also recently made the following trade(s):

On Monday, November 10th, Fund L.P. Forager sold 810 shares of Mastercraft Boat stock. The shares were sold at an average price of $20.33, for a total transaction of $16,467.30.
On Thursday, November 6th, Fund L.P. Forager sold 44,981 shares of Mastercraft Boat stock. The shares were sold at an average price of $20.50, for a total transaction of $922,110.50.

Mastercraft Boat Stock Down 3.7%

Shares of NASDAQ:MCFT opened at $19.39 on Tuesday. Mastercraft Boat Holdings, Inc. has a 12-month low of $14.39 and a 12-month high of $23.93. The company's 50 day moving average price is $21.51 and its two-hundred day moving average price is $19.78. The firm has a market cap of $315.86 million, a PE ratio of 19.99 and a beta of 1.04.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12. Mastercraft Boat had a return on equity of 8.09% and a net margin of 5.50%.The business had revenue of $69.00 million during the quarter, compared to analysts' expectations of $66.96 million. During the same period in the previous year, the company posted $0.12 earnings per share. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS. Q2 2026 guidance at 0.160-0.160 EPS. On average, research analysts expect that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current year.

Institutional Investors Weigh In On Mastercraft Boat

A number of hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new position in Mastercraft Boat in the 3rd quarter valued at approximately $32,000. State of Wyoming bought a new stake in shares of Mastercraft Boat during the second quarter worth $61,000. Manning & Napier Advisors LLC acquired a new position in shares of Mastercraft Boat during the third quarter worth $74,000. Strs Ohio bought a new position in shares of Mastercraft Boat in the 3rd quarter valued at $234,000. Finally, Jane Street Group LLC bought a new position in shares of Mastercraft Boat in the 1st quarter valued at $236,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Robert W. Baird increased their target price on Mastercraft Boat from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Mastercraft Boat in a research note on Wednesday, October 8th. Raymond James Financial raised their target price on shares of Mastercraft Boat from $21.00 to $25.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. B. Riley upped their price target on shares of Mastercraft Boat from $17.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Finally, Truist Financial set a $21.00 price target on shares of Mastercraft Boat in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $23.00.

View Our Latest Stock Analysis on MCFT

About Mastercraft Boat

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MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.