Malibu Boats, Inc. (NASDAQ:MBUU) Director Peter E. Murphy purchased 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of $25.50 per share, for a total transaction of $76,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Malibu Boats, Inc. (MBUU) opened at 27.93 on Friday. Malibu Boats, Inc. has a 52 week low of $14.12 and a 52 week high of $29.50. The firm’s 50-day moving average price is $26.80 and its 200-day moving average price is $24.58. The stock has a market cap of $566.62 million, a PE ratio of 17.68 and a beta of 0.99.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. Malibu Boats had a return on equity of 78.71% and a net margin of 10.06%. The company had revenue of $75.11 million for the quarter, compared to analysts’ expectations of $73.35 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Malibu Boats’s revenue was up 12.6% compared to the same quarter last year. Equities analysts predict that Malibu Boats, Inc. will post $1.89 earnings per share for the current fiscal year.

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Several research firms recently weighed in on MBUU. BidaskClub lowered Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research report on Saturday, August 12th. B. Riley lowered Malibu Boats from a “buy” rating to a “neutral” rating and dropped their price target for the company from $26.00 to $25.25 in a research report on Monday, August 28th. BMO Capital Markets restated a “hold” rating and set a $29.00 price target on shares of Malibu Boats in a research report on Wednesday, July 5th. Finally, ValuEngine upgraded Malibu Boats from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Malibu Boats presently has an average rating of “Buy” and an average price target of $28.92.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in Malibu Boats by 1.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,896,766 shares of the company’s stock valued at $42,582,000 after acquiring an additional 27,494 shares in the last quarter. Macquarie Group Ltd. boosted its position in Malibu Boats by 12.9% during the 1st quarter. Macquarie Group Ltd. now owns 1,273,917 shares of the company’s stock valued at $28,599,000 after acquiring an additional 145,160 shares in the last quarter. Vanguard Group Inc. boosted its position in Malibu Boats by 10.7% during the 2nd quarter. Vanguard Group Inc. now owns 893,667 shares of the company’s stock valued at $23,120,000 after acquiring an additional 86,128 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in Malibu Boats by 1.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 873,928 shares of the company’s stock valued at $22,609,000 after acquiring an additional 16,256 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Malibu Boats by 28.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 483,670 shares of the company’s stock valued at $12,513,000 after acquiring an additional 107,413 shares in the last quarter.

About Malibu Boats

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

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