Insider Selling: Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Sells 19,050 Shares of Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 19,050 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.72, for a total transaction of $451,866.00. Following the transaction, the insider directly owned 1,667,905 shares of the company’s stock, valued at $39,562,706.60. The trade was a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, February 19th, Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock. The stock was sold at an average price of $23.43, for a total transaction of $705,969.33.
• On Tuesday, February 17th, Fund L.P. Forager sold 12,163 shares of Mastercraft Boat stock. The stock was sold at an average price of $23.74, for a total transaction of $288,749.62.

Mastercraft Boat Stock Performance

NASDAQ MCFT traded down $0.01 during trading on Thursday, reaching $23.63. 156,547 shares of the company traded hands, compared to its average volume of 135,898. Mastercraft Boat Holdings, Inc. has a 1-year low of $14.39 and a 1-year high of $26.49. The company has a market cap of $384.70 million, a price-to-earnings ratio of 24.61 and a beta of 1.07. The stock’s 50 day moving average price is $21.32 and its two-hundred day moving average price is $20.82.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.16 by $0.13. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.The business had revenue of $71.76 million for the quarter, compared to analyst estimates of $68.79 million. During the same quarter in the previous year, the firm earned $0.10 EPS. Mastercraft Boat’s quarterly revenue was up 13.2% on a year-over-year basis. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. Equities research analysts expect that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MCFT shares. Zacks Research raised Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. B. Riley Financial reaffirmed a “neutral” rating on shares of Mastercraft Boat in a report on Friday, February 6th. Truist Financial set a $21.00 price objective on shares of Mastercraft Boat in a report on Friday, October 24th. Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a research note on Monday, December 22nd. Finally, Loop Capital began coverage on shares of Mastercraft Boat in a report on Monday, December 22nd. They issued a “hold” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.60.

Institutional Trading of Mastercraft Boat

A number of institutional investors have recently bought and sold shares of MCFT. Gratia Capital LLC acquired a new position in shares of Mastercraft Boat in the 2nd quarter valued at $4,273,000. Arrowstreet Capital Limited Partnership increased its holdings in Mastercraft Boat by 212.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock valued at $4,739,000 after purchasing an additional 150,125 shares during the last quarter. Coliseum Capital Management LLC lifted its stake in Mastercraft Boat by 3.8% in the fourth quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock valued at $69,918,000 after buying an additional 134,807 shares during the period. Corient Private Wealth LLC acquired a new position in shares of Mastercraft Boat during the 2nd quarter worth about $2,065,000. Finally, Forager Capital Management LLC increased its stake in shares of Mastercraft Boat by 6.2% in the 2nd quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock valued at $33,499,000 after acquiring an additional 105,280 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.