Mastercraft Boat (NASDAQ:MCFT) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Mastercraft Boat (NASDAQ:MCFT) from a strong-buy rating to a buy rating in a research note published on Monday.

Several other research analysts have also recently weighed in on MCFT. Zacks Research cut Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Truist Financial set a $21.00 price objective on Mastercraft Boat in a research note on Friday, October 24th. Seaport Res Ptn upgraded Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 22nd. Finally, Loop Capital started coverage on shares of Mastercraft Boat in a research report on Monday, December 22nd. They set a “hold” rating and a $21.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.67.

Mastercraft Boat Stock Down 0.6%

Mastercraft Boat stock opened at $19.37 on Monday. The company has a fifty day simple moving average of $19.42 and a 200-day simple moving average of $20.14. The firm has a market capitalization of $315.54 million, a price-to-earnings ratio of 19.97 and a beta of 1.09. Mastercraft Boat has a 52-week low of $14.39 and a 52-week high of $23.93.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.12. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.09%. The firm had revenue of $69.00 million for the quarter, compared to the consensus estimate of $66.96 million. During the same period last year, the firm posted $0.12 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. 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, research analysts anticipate that Mastercraft Boat will post 0.62 EPS for the current fiscal year.

Insider Buying and Selling at Mastercraft Boat

In related news, major shareholder Fund L.P. Forager sold 58,066 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $20.37, for a total value of $1,182,804.42. Following the sale, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Coliseum Capital Management, L bought 76,000 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was bought at an average cost of $19.79 per share, for a total transaction of $1,504,040.00. Following the transaction, the insider directly owned 3,672,422 shares of the company’s stock, valued at $72,677,231.38. The trade was a 2.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 134,807 shares of company stock worth $2,649,367 and sold 103,857 shares worth $2,121,382. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Mastercraft Boat

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Mastercraft Boat by 131.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 108,193 shares of the company’s stock worth $1,863,000 after purchasing an additional 61,399 shares during the period. Forager Capital Management LLC raised its position in 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 purchasing an additional 105,280 shares during the period. Corient Private Wealth LLC acquired a new position in Mastercraft Boat during the second quarter worth $2,065,000. Gratia Capital LLC purchased a new position in shares of Mastercraft Boat during the second quarter worth $4,273,000. Finally, American Century Companies Inc. grew its stake in shares of Mastercraft Boat by 7.3% in the second quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock valued at $10,000,000 after buying an additional 36,569 shares in the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

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.