Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives Average Recommendation of "Hold" from Brokerages

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) has been assigned a consensus rating of "Hold" from the eight ratings firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $23.00.

A number of analysts have commented on MCFT shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Mastercraft Boat in a report on Wednesday, October 8th. Truist Financial set a $21.00 price objective on shares of Mastercraft Boat in a research report on Friday, October 24th. B. Riley upped their price objective on Mastercraft Boat from $17.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Wall Street Zen raised Mastercraft Boat from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 30th. Finally, Zacks Research raised Mastercraft Boat from a "hold" rating to a "strong-buy" rating in a report on Monday, October 27th.

Get Our Latest Stock Report on MCFT

Mastercraft Boat Stock Performance

Mastercraft Boat stock opened at $18.59 on Friday. Mastercraft Boat has a one year low of $14.39 and a one year high of $23.93. The stock has a fifty day moving average of $21.21 and a 200 day moving average of $19.80. The stock has a market cap of $302.81 million, a PE ratio of 19.16 and a beta of 1.04.

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

Insider Transactions at Mastercraft Boat

In related news, major shareholder Fund L.P. Forager sold 58,066 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $20.37, for a total value of $1,182,804.42. Following the completion of the sale, the insider directly owned 1,699,928 shares of the company's stock, valued at approximately $34,627,533.36. This represents a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 103,857 shares of company stock valued at $2,121,382. Corporate insiders own 2.50% of the company's stock.

Institutional Trading of Mastercraft Boat

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its holdings in Mastercraft Boat by 131.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 108,193 shares of the company's stock valued at $1,863,000 after buying an additional 61,399 shares in the last quarter. LHM Inc. lifted its holdings in shares of Mastercraft Boat by 106.8% in the first quarter. LHM Inc. now owns 177,406 shares of the company's stock worth $3,055,000 after buying an additional 91,616 shares in the last quarter. Nuveen LLC bought a new position in shares of Mastercraft Boat during the first quarter worth $906,000. Wellington Management Group LLP grew its stake in Mastercraft Boat by 10.4% during the first quarter. Wellington Management Group LLP now owns 259,869 shares of the company's stock valued at $4,475,000 after acquiring an additional 24,445 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in Mastercraft Boat by 15.4% in the 1st quarter. Royce & Associates LP now owns 145,069 shares of the company's stock valued at $2,498,000 after acquiring an additional 19,320 shares during the last quarter. Institutional investors own 97.64% of the company's stock.

About Mastercraft Boat

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.

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