Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives Average Rating of “Hold” from Brokerages

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) has earned an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $22.6667.

MCFT has been the topic of several recent research reports. Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Seaport Research Partners upgraded shares of Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. 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. 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 objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 29th.

Insider Buying and Selling

In other news, major shareholder Coliseum Capital Management, L purchased 76,000 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were bought at an average price of $19.79 per share, with a total value of $1,504,040.00. Following the completion of the transaction, the insider directly owned 3,672,422 shares in the company, valued at $72,677,231.38. This trade represents a 2.11% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Fund L.P. Forager sold 58,066 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $20.37, for a total transaction of $1,182,804.42. Following the completion of the sale, the insider owned 1,699,928 shares of the company’s stock, valued at $34,627,533.36. The trade was a 3.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders purchased 134,807 shares of company stock worth $2,649,367 and sold 103,857 shares worth $2,121,382. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of Mastercraft Boat

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Forager Capital Management LLC grew its holdings 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 worth $33,499,000 after purchasing an additional 105,280 shares during the last quarter. American Century Companies Inc. lifted its holdings 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 last quarter. Royce & Associates LP boosted its position in Mastercraft Boat by 11.4% in the third quarter. Royce & Associates LP now owns 256,702 shares of the company’s stock valued at $5,509,000 after buying an additional 26,186 shares in the last quarter. Gratia Capital LLC bought a new stake in Mastercraft Boat during the second quarter worth about $4,273,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Mastercraft Boat by 212.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock worth $4,739,000 after buying an additional 150,125 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Mastercraft Boat Trading Up 2.2%

Shares of NASDAQ:MCFT opened at $22.01 on Thursday. The firm has a market cap of $358.54 million, a price-to-earnings ratio of 22.69 and a beta of 1.07. Mastercraft Boat has a 1 year low of $14.39 and a 1 year high of $23.93. The business has a fifty day simple moving average of $20.01 and a 200 day simple moving average of $20.49.

Mastercraft Boat (NASDAQ:MCFT) last issued its earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.12. Mastercraft Boat had a return on equity of 8.09% and a net margin of 5.50%.The firm had revenue of $69.00 million for the quarter, compared to the consensus estimate of $66.96 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. 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. On average, sell-side analysts forecast that Mastercraft Boat will post 0.62 EPS for the current year.

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.