Mastercraft Boat (NASDAQ:MCFT) Rating Lowered to Buy at Wall Street Zen

Mastercraft Boat (NASDAQ:MCFT) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Several other equities research analysts also recently commented on MCFT. B. Riley boosted their price objective on Mastercraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Robert W. Baird lifted their price target on shares of Mastercraft Boat from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Zacks Research lowered shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 8th. Finally, Truist Financial set a $21.00 price objective on shares of Mastercraft Boat in a report on Friday, October 24th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $23.00.

Mastercraft Boat Trading Down 1.1%

Shares of NASDAQ MCFT opened at $18.92 on Friday. The firm has a market capitalization of $308.21 million, a P/E ratio of 19.51 and a beta of 1.09. The firm’s 50-day moving average price is $19.70 and its 200-day moving average price is $20.01. Mastercraft Boat has a 1-year low of $14.39 and a 1-year high of $23.93.

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

Insider Transactions at Mastercraft Boat

In other Mastercraft Boat news, major shareholder Fund L.P. Forager sold 58,066 shares of Mastercraft Boat stock in a transaction on Friday, November 7th. The shares were sold at an average price of $20.37, for a total transaction of $1,182,804.42. Following the transaction, the insider directly owned 1,699,928 shares of the company’s stock, valued at $34,627,533.36. The trade was a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 103,857 shares of company stock worth $2,121,382. 2.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Gratia Capital LLC bought a new stake in Mastercraft Boat in the 2nd quarter worth about $4,273,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Mastercraft Boat by 212.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock worth $4,739,000 after buying an additional 150,125 shares during the last quarter. Corient Private Wealth LLC bought a new position in shares of Mastercraft Boat in the second quarter valued at approximately $2,065,000. Forager Capital Management LLC grew its holdings in shares of Mastercraft Boat by 6.2% in the second quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock valued at $33,499,000 after acquiring an additional 105,280 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Mastercraft Boat by 1,252.0% during the third quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock valued at $2,423,000 after acquiring an additional 104,577 shares during the last quarter. 97.64% of the stock is owned by institutional investors.

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.