Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Sells $16,467.30 in Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 810 shares of Mastercraft Boat stock in a transaction on Monday, November 10th. The stock was sold at an average price of $20.33, for a total transaction of $16,467.30. Following the sale, the insider owned 1,699,118 shares in the company, valued at $34,543,068.94. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Friday, November 7th, Fund L.P. Forager sold 58,066 shares of Mastercraft Boat stock. The stock was sold at an average price of $20.37, for a total value of $1,182,804.42.
• On Thursday, November 6th, Fund L.P. Forager sold 44,981 shares of Mastercraft Boat stock. The stock was sold at an average price of $20.50, for a total value of $922,110.50.

Mastercraft Boat Stock Performance

MCFT traded down $0.74 on Monday, hitting $19.39. 137,109 shares of the company were exchanged, compared to its average volume of 151,995. The firm has a market capitalization of $315.86 million, a P/E ratio of 19.99 and a beta of 1.04. Mastercraft Boat Holdings, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $23.93. The business’s fifty day moving average is $21.51 and its 200 day moving average is $19.78.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.12. The company had revenue of $69.00 million during the quarter, compared to the consensus estimate of $66.96 million. Mastercraft Boat had a return on equity of 8.09% and a net margin of 5.50%.Mastercraft Boat’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS. Q2 2026 guidance at 0.160-0.160 EPS. Analysts forecast that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MCFT shares. Raymond James Financial upped their price target on Mastercraft Boat from $21.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Zacks Research upgraded shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Truist Financial set a $21.00 price objective on shares of Mastercraft Boat in a research report on Friday, October 24th. Robert W. Baird upped their price target on shares of Mastercraft Boat from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Finally, Wall Street Zen upgraded shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Mastercraft Boat has an average rating of “Hold” and a consensus target price of $23.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MCFT. 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 valued at $1,863,000 after purchasing an additional 61,399 shares in the last quarter. LHM Inc. boosted its holdings in Mastercraft Boat by 106.8% during the first quarter. LHM Inc. now owns 177,406 shares of the company’s stock worth $3,055,000 after buying an additional 91,616 shares in the last quarter. Nuveen LLC bought a new position in shares of Mastercraft Boat in the first quarter valued at $906,000. Wellington Management Group LLP lifted its position in shares of Mastercraft Boat by 10.4% during the 1st quarter. Wellington Management Group LLP now owns 259,869 shares of the company’s stock valued at $4,475,000 after acquiring an additional 24,445 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Mastercraft Boat by 12.7% in the 1st quarter. American Century Companies Inc. now owns 501,656 shares of the company’s stock worth $8,639,000 after acquiring an additional 56,397 shares during the last quarter. 97.64% of the stock is owned by institutional investors and hedge funds.

Mastercraft Boat Company Profile

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.