Fund L.P. Forager Sells 12,163 Shares of Mastercraft Boat (NASDAQ:MCFT) Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 12,163 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $23.74, for a total transaction of $288,749.62. Following the completion of the transaction, the insider owned 1,686,955 shares in the company, valued at approximately $40,048,311.70. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% 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 Thursday, February 19th, Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock. The shares were sold at an average price of $23.43, for a total transaction of $705,969.33.
• 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.

Mastercraft Boat Stock Down 1.4%

Shares of NASDAQ MCFT opened at $23.29 on Friday. The firm’s 50-day moving average price is $21.50 and its two-hundred 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. The stock has a market capitalization of $379.28 million, a P/E ratio of 24.26 and a beta of 1.07.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. The business had revenue of $71.76 million for the quarter, compared to analysts’ expectations of $68.79 million. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. 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. As a group, equities research analysts expect that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a research note on Monday, December 29th. Seaport Research Partners upgraded shares of Mastercraft Boat to a “hold” rating in a research report on Monday, December 22nd. Truist Financial set a $21.00 price target on Mastercraft Boat in a report on Friday, October 24th. Finally, Loop Capital assumed coverage on Mastercraft Boat in a report on Monday, December 22nd. They issued a “hold” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.60.

Hedge Funds Weigh In On Mastercraft Boat

Large investors have recently bought and sold shares of the stock. Coliseum Capital Management LLC raised its position in shares of 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 buying an additional 134,807 shares in the last quarter. Forager Capital Management LLC boosted its holdings in shares of Mastercraft Boat by 6.2% in the second 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 in the last quarter. American Century Companies Inc. increased its stake in shares of Mastercraft Boat by 7.3% during the second quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock valued at $10,000,000 after acquiring an additional 36,569 shares during the period. Royce & Associates LP raised its holdings in Mastercraft Boat by 19.0% during the fourth quarter. Royce & Associates LP now owns 305,466 shares of the company’s stock worth $5,776,000 after purchasing an additional 48,764 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Mastercraft Boat by 26.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 272,749 shares of the company’s stock worth $5,158,000 after purchasing an additional 56,873 shares during the period. Institutional investors and hedge funds 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.