Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) have been given an average recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $24.80.

MCFT has been the subject of several research reports. Zacks Research downgraded Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Robert W. Baird set a $30.00 price objective on Mastercraft Boat in a research report on Friday, May 8th. B. Riley Financial reiterated a “neutral” rating on shares of Mastercraft Boat in a research report on Friday, February 6th. Truist Financial lifted their price objective on Mastercraft Boat from $21.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th.

Mastercraft Boat Stock Up 0.1%

NASDAQ:MCFT opened at $24.89 on Friday. The company has a market capitalization of $405.21 million, a PE ratio of 36.60 and a beta of 1.09. Mastercraft Boat has a 52-week low of $16.46 and a 52-week high of $28.44. The stock has a fifty day simple moving average of $21.88 and a 200-day simple moving average of $21.10.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $78.21 million during the quarter, compared to the consensus estimate of $75.55 million. Mastercraft Boat had a return on equity of 10.56% and a net margin of 3.72%.The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. As a group, equities analysts anticipate that Mastercraft Boat will post 1.34 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Fund L.P. Forager sold 26,497 shares of Mastercraft Boat stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $23.50, for a total transaction of $622,679.50. Following the completion of the sale, the insider owned 1,611,277 shares in the company, valued at approximately $37,865,009.50. This trade represents a 1.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 87,841 shares of company stock worth $2,069,264. Company insiders own 2.50% of the company’s stock.

Institutional Trading of Mastercraft Boat

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCFT. New York State Teachers Retirement System purchased a new stake in Mastercraft Boat during the 3rd quarter worth about $32,000. State of Alaska Department of Revenue purchased a new stake in Mastercraft Boat during the 4th quarter worth about $42,000. State of Wyoming purchased a new stake in Mastercraft Boat in the 2nd quarter valued at about $61,000. Kemnay Advisory Services Inc. purchased a new stake in Mastercraft Boat in the 4th quarter valued at about $63,000. Finally, Manning & Napier Advisors LLC purchased a new stake in Mastercraft Boat in the 3rd quarter valued at about $74,000. Hedge funds and other institutional investors 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.