Malibu Boats Inc (NASDAQ:MBUU) CFO Wayne R. Wilson sold 14,088 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $52.34, for a total value of $737,365.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of MBUU traded down $0.08 during mid-day trading on Wednesday, hitting $52.38. 187,700 shares of the company’s stock were exchanged, compared to its average volume of 189,945. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.37 and a current ratio of 2.05. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.27 and a beta of 1.12. Malibu Boats Inc has a fifty-two week low of $26.83 and a fifty-two week high of $59.57.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings results on Thursday, September 6th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.17. Malibu Boats had a net margin of 5.56% and a return on equity of 43.60%. The company had revenue of $138.66 million during the quarter, compared to the consensus estimate of $122.65 million. During the same period last year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 84.6% on a year-over-year basis. equities research analysts forecast that Malibu Boats Inc will post 2.75 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of Malibu Boats by 41.6% during the 1st quarter. Wells Fargo & Company MN now owns 223,973 shares of the company’s stock valued at $7,438,000 after purchasing an additional 65,817 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Malibu Boats during the 1st quarter valued at $282,000. American Century Companies Inc. increased its position in shares of Malibu Boats by 6.3% during the 1st quarter. American Century Companies Inc. now owns 695,743 shares of the company’s stock valued at $23,106,000 after purchasing an additional 40,939 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Malibu Boats by 11.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 97,737 shares of the company’s stock valued at $3,246,000 after purchasing an additional 9,909 shares during the last quarter. Finally, Columbus Circle Investors purchased a new stake in shares of Malibu Boats during the 1st quarter valued at $7,307,000. Institutional investors own 98.31% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded Malibu Boats from a “hold” rating to a “buy” rating in a research report on Saturday, August 25th. ValuEngine cut Malibu Boats from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Wells Fargo & Co upgraded Malibu Boats from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $44.00 to $51.00 in a research note on Thursday, August 23rd. Zacks Investment Research cut Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, BMO Capital Markets increased their price objective on Malibu Boats from $48.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, September 7th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $51.06.

About Malibu Boats

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

Further Reading: Fundamental Analysis and Choosing Stocks

Insider Buying and Selling by Quarter for Malibu Boats (NASDAQ:MBUU)

Receive News & Ratings for Malibu Boats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malibu Boats and related companies with MarketBeat.com's FREE daily email newsletter.