Malibu Boats, Inc. (NASDAQ:MBUU) CEO Jackie D. Jr. Springer sold 40,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $27.76, for a total value of $1,110,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Malibu Boats, Inc. (NASDAQ:MBUU) traded down $0.05 on Monday, hitting $27.80. The stock had a trading volume of 404,200 shares, compared to its average volume of 186,133. Malibu Boats, Inc. has a 52 week low of $16.66 and a 52 week high of $33.35. The firm has a market capitalization of $566.40, a PE ratio of 16.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.46.

Malibu Boats (NASDAQ:MBUU) last announced its earnings results on Thursday, September 7th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $75.11 million for the quarter, compared to analyst estimates of $73.35 million. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. analysts forecast that Malibu Boats, Inc. will post 1.91 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in MBUU. Hood River Capital Management LLC bought a new position in shares of Malibu Boats during the second quarter worth approximately $10,572,000. Boston Advisors LLC bought a new position in Malibu Boats during the 2nd quarter worth $5,361,000. American Century Companies Inc. increased its stake in Malibu Boats by 42.5% during the 3rd quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock worth $21,025,000 after acquiring an additional 198,283 shares during the period. AJO LP bought a new position in Malibu Boats during the 2nd quarter worth $5,025,000. Finally, Vanguard Group Inc. increased its stake in Malibu Boats by 22.1% during the 1st quarter. Vanguard Group Inc. now owns 807,539 shares of the company’s stock worth $18,129,000 after acquiring an additional 146,263 shares during the period. Institutional investors own 91.09% of the company’s stock.

Several equities analysts have recently issued reports on MBUU shares. BidaskClub lowered Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Malibu Boats in a report on Friday, September 8th. Aegis assumed coverage on Malibu Boats in a report on Monday, October 2nd. They issued a “buy” rating and a $37.00 price objective for the company. ValuEngine downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BMO Capital Markets reiterated a “buy” rating and set a $32.00 price objective on shares of Malibu Boats in a report on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Malibu Boats has an average rating of “Buy” and a consensus price target of $32.31.

Malibu Boats Company Profile

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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