Mastercraft Boat (NASDAQ:MCFT) Stock Passes Above 50-Day Moving Average – Should You Sell?

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $23.83 and traded as high as $24.51. Mastercraft Boat shares last traded at $23.80, with a volume of 98,785 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have commented on MCFT shares. Truist Financial boosted their target price on Mastercraft Boat from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Zacks Research upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Robert W. Baird set a $30.00 price target on Mastercraft Boat in a research report on Friday, May 8th. Finally, Weiss Ratings cut shares of Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Mastercraft Boat has an average rating of “Hold” and an average price target of $25.40.

Mastercraft Boat Trading Down 1.5%

The company has a market capitalization of $387.46 million, a PE ratio of 35.00 and a beta of 1.05. The business’s fifty day moving average is $23.83 and its two-hundred day moving average is $22.44.

Mastercraft Boat (NASDAQ:MCFT) last posted its earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $78.21 million during the quarter, compared to analyst estimates of $75.55 million. Mastercraft Boat had a return on equity of 10.56% and a net margin of 3.72%.The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. As a group, equities research analysts anticipate that Mastercraft Boat Holdings, Inc. will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Mastercraft Boat

Several large investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. purchased a new position in Mastercraft Boat in the 2nd quarter worth about $231,000. Empowered Funds LLC lifted its stake in Mastercraft Boat by 20.8% during the 1st quarter. Empowered Funds LLC now owns 51,648 shares of the company’s stock valued at $1,059,000 after acquiring an additional 8,877 shares during the period. Bank of America Corp DE boosted its holdings in shares of Mastercraft Boat by 40.0% during the 1st quarter. Bank of America Corp DE now owns 55,529 shares of the company’s stock valued at $1,139,000 after acquiring an additional 15,871 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Mastercraft Boat by 26.0% during the 1st quarter. Quantinno Capital Management LP now owns 62,674 shares of the company’s stock valued at $1,285,000 after acquiring an additional 12,945 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Mastercraft Boat during the 1st quarter valued at about $3,589,000. 97.64% of the stock is currently owned by 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.