Brokerages Set Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) PT at $23.00

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $23.00.

A number of brokerages recently weighed in on MCFT. Zacks Research lowered Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Robert W. Baird boosted their price target on Mastercraft Boat from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Truist Financial set a $21.00 price objective on shares of Mastercraft Boat in a report on Friday, October 24th. Raymond James Financial lifted their target price on shares of Mastercraft Boat from $21.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mastercraft Boat in a research report on Monday, December 8th.

Mastercraft Boat Trading Down 1.1%

Shares of Mastercraft Boat stock opened at $18.92 on Wednesday. The firm’s 50 day moving average is $19.70 and its 200 day moving average is $20.01. The firm has a market capitalization of $308.21 million, a PE ratio of 19.51 and a beta of 1.09. Mastercraft Boat has a 1 year low of $14.39 and a 1 year high of $23.93.

Mastercraft Boat (NASDAQ:MCFT) last issued its earnings results on Thursday, November 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.12. The firm had revenue of $69.00 million for the quarter, compared to analyst estimates of $66.96 million. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.09%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS and its Q2 2026 guidance at 0.160-0.160 EPS. As a group, research analysts anticipate that Mastercraft Boat will post 0.62 earnings per share for the current year.

Insider Buying and Selling

In other Mastercraft Boat news, major shareholder Fund L.P. Forager sold 58,066 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $20.37, for a total value of $1,182,804.42. Following the sale, the insider owned 1,699,928 shares in the company, valued at approximately $34,627,533.36. The trade was a 3.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 103,857 shares of company stock worth $2,121,382. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mastercraft Boat

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Forager Capital Management LLC increased its position in Mastercraft Boat by 6.2% during the 2nd quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock valued at $33,499,000 after purchasing an additional 105,280 shares during the period. Systematic Financial Management LP lifted its position in shares of Mastercraft Boat by 0.7% in the 1st quarter. Systematic Financial Management LP now owns 1,078,836 shares of the company’s stock worth $18,578,000 after purchasing an additional 7,412 shares during the period. American Century Companies Inc. boosted its stake in shares of Mastercraft Boat by 7.3% in 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 last quarter. Wellington Management Group LLP increased its position in shares of Mastercraft Boat by 10.4% during the first quarter. Wellington Management Group LLP now owns 259,869 shares of the company’s stock worth $4,475,000 after buying an additional 24,445 shares during the period. Finally, Royce & Associates LP raised its stake in Mastercraft Boat by 11.4% during the third quarter. Royce & Associates LP now owns 256,702 shares of the company’s stock worth $5,509,000 after buying an additional 26,186 shares during the last quarter. 97.64% of the stock is owned by institutional investors and hedge funds.

Mastercraft Boat Company Profile

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.