Fund L.P. Forager Sells 30,131 Shares of Mastercraft Boat (NASDAQ:MCFT) Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 30,131 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $23.43, for a total value of $705,969.33. Following the sale, the insider owned 1,637,774 shares of the company’s stock, valued at $38,373,044.82. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 Wednesday, February 18th, Fund L.P. Forager sold 19,050 shares of Mastercraft Boat stock. The stock was sold at an average price of $23.72, for a total transaction of $451,866.00.
• 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

Shares of MCFT opened at $23.29 on Friday. The company has a market capitalization of $379.28 million, a PE ratio of 24.26 and a beta of 1.07. The company’s 50 day moving average price is $21.50 and its 200 day moving average price is $20.87. Mastercraft Boat Holdings, Inc. has a 52 week low of $14.39 and a 52 week high of $26.49.

Mastercraft Boat (NASDAQ:MCFT) last released its earnings results on Thursday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. The company had revenue of $71.76 million during the quarter, compared to the consensus estimate of $68.79 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. 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. On average, equities analysts forecast that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on MCFT shares. Seaport Research Partners upgraded Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. Truist Financial set a $21.00 price target on shares of Mastercraft Boat in a report on Friday, October 24th. Wall Street Zen raised shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a research report on Monday, December 29th. Finally, Robert W. Baird set a $28.00 price target on Mastercraft Boat in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.60.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Coliseum Capital Management LLC lifted its position in Mastercraft Boat by 3.8% during the 4th quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock worth $69,918,000 after acquiring an additional 134,807 shares during the last quarter. Forager Capital Management LLC lifted its position in shares of Mastercraft Boat by 6.2% during the 2nd quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock worth $33,499,000 after purchasing an additional 105,280 shares during the last quarter. American Century Companies Inc. boosted its stake in Mastercraft Boat by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock valued at $10,000,000 after purchasing an additional 36,569 shares during the period. Royce & Associates LP grew its holdings in Mastercraft Boat by 19.0% in the 4th quarter. Royce & Associates LP now owns 305,466 shares of the company’s stock valued at $5,776,000 after buying an additional 48,764 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Mastercraft Boat by 26.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 272,749 shares of the company’s stock valued at $5,158,000 after buying an additional 56,873 shares during the last quarter. Institutional investors own 97.64% of the company’s stock.

Mastercraft Boat Company Profile

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.