Mastercraft Boat (NASDAQ:MCFT) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.89 and traded as low as $20.62. Mastercraft Boat shares last traded at $20.84, with a volume of 132,083 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MCFT. Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Seaport Research Partners raised Mastercraft Boat to a “hold” rating in a research report on Monday, December 22nd. Robert W. Baird set a $28.00 target price on Mastercraft Boat in a report on Friday, February 6th. B. Riley Financial reissued a “neutral” rating on shares of Mastercraft Boat in a research report on Friday, February 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mastercraft Boat in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.60.

Mastercraft Boat Price Performance

The firm’s 50-day moving average price is $21.89 and its 200-day moving average price is $20.82. The company has a market cap of $339.28 million, a price-to-earnings ratio of 21.71 and a beta of 1.07.

Mastercraft Boat (NASDAQ:MCFT) last posted its earnings results on Thursday, February 5th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. The business had revenue of $71.76 million for the quarter, compared to analyst estimates of $68.79 million. During the same quarter in the previous year, the business posted $0.10 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Insider Buying and Selling at Mastercraft Boat

In other news, major shareholder Fund L.P. Forager sold 26,497 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $23.50, for a total value of $622,679.50. Following the completion of the sale, the insider owned 1,611,277 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 87,841 shares of company stock valued at $2,069,264 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mastercraft Boat

A number of institutional investors and hedge funds have recently bought and sold shares of MCFT. Gratia Capital LLC acquired a new stake in Mastercraft Boat in the second quarter valued at approximately $4,273,000. Arrowstreet Capital Limited Partnership boosted its position in Mastercraft Boat by 212.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock valued at $4,739,000 after buying an additional 150,125 shares during the last quarter. Coliseum Capital Management LLC boosted its position in Mastercraft Boat by 3.8% in the 4th quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock valued at $69,918,000 after buying an additional 134,807 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Mastercraft Boat during the second quarter valued at about $2,065,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Mastercraft Boat by 1,252.0% during the third quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock valued at $2,423,000 after acquiring an additional 104,577 shares in the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

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.