Mastercraft Boat (NASDAQ:MCFT) Shares Pass Above 50 Day Moving Average – Time to Sell?

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $22.04 and traded as high as $24.04. Mastercraft Boat shares last traded at $23.08, with a volume of 207,427 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MCFT shares. Truist Financial upped their target price on Mastercraft Boat from $21.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. B. Riley Financial reissued a “neutral” rating on shares of Mastercraft Boat in a report on Friday, February 6th. Zacks Research downgraded Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings downgraded Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Robert W. Baird set a $30.00 price target on Mastercraft Boat in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Mastercraft Boat has an average rating of “Hold” and an average target price of $24.80.

Mastercraft Boat Stock Down 2.6%

The company has a 50 day simple moving average of $22.04 and a 200-day simple moving average of $21.12. The stock has a market cap of $375.74 million, a price-to-earnings ratio of 33.94 and a beta of 1.09.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. Mastercraft Boat had a return on equity of 10.56% and a net margin of 3.72%.The firm had revenue of $78.21 million for the quarter, compared to analysts’ expectations of $75.55 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Mastercraft Boat’s revenue for the quarter was up 2.9% compared to the same quarter last year. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. On average, equities research analysts expect that Mastercraft Boat Holdings, Inc. will post 1.34 EPS for the current fiscal year.

Insider Transactions at Mastercraft Boat

In other Mastercraft Boat news, major shareholder Fund L.P. Forager sold 26,497 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $23.50, for a total transaction of $622,679.50. Following the sale, the insider owned 1,611,277 shares in the company, valued at $37,865,009.50. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 75,678 shares of company stock worth $1,780,515 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of Mastercraft Boat

Several institutional investors and hedge funds have recently bought and sold shares of the company. Polar Asset Management Partners Inc. acquired a new stake in shares of Mastercraft Boat during the 1st quarter worth approximately $3,589,000. Arrowstreet Capital Limited Partnership raised its position in shares of Mastercraft Boat by 212.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock worth $4,739,000 after purchasing an additional 150,125 shares during the period. 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 purchasing an additional 134,807 shares during the period. Corient Private Wealth LLC acquired a new stake in shares of Mastercraft Boat during the 2nd quarter worth approximately $2,065,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Mastercraft Boat during the 1st quarter worth approximately $2,248,000. 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.