Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Sells $705,969.33 in Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $23.43, for a total transaction of $705,969.33. Following the transaction, the insider directly owned 1,637,774 shares of the company’s stock, valued at approximately $38,373,044.82. This trade represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, February 18th, Fund L.P. Forager sold 19,050 shares of Mastercraft Boat stock. The shares were sold at an average price of $23.72, for a total value of $451,866.00.
• On Tuesday, February 17th, Fund L.P. Forager sold 12,163 shares of Mastercraft Boat stock. The stock was sold at an average price of $23.74, for a total value of $288,749.62.

Mastercraft Boat Price Performance

Mastercraft Boat stock traded down $0.01 during mid-day trading on Thursday, reaching $23.63. 156,547 shares of the stock traded hands, compared to its average volume of 135,898. Mastercraft Boat Holdings, Inc. has a 12-month low of $14.39 and a 12-month high of $26.49. The business’s 50-day moving average is $21.32 and its 200-day moving average is $20.82. The stock has a market capitalization of $384.70 million, a PE ratio of 24.61 and a beta of 1.07.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. The business had revenue of $71.76 million during the quarter, compared to analyst estimates of $68.79 million. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. Equities analysts anticipate that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Mastercraft Boat by 1.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company’s stock valued at $1,313,000 after acquiring an additional 1,188 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Mastercraft Boat by 12.2% during the fourth quarter. Russell Investments Group Ltd. now owns 10,988 shares of the company’s stock worth $208,000 after purchasing an additional 1,193 shares during the period. First Trust Advisors LP grew its holdings in Mastercraft Boat by 3.1% during the second quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock valued at $767,000 after purchasing an additional 1,259 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Mastercraft Boat in the third quarter valued at approximately $32,000. Finally, Barclays PLC boosted its holdings in shares of Mastercraft Boat by 7.7% during the 4th quarter. Barclays PLC now owns 24,725 shares of the company’s stock worth $468,000 after buying an additional 1,769 shares during the period. 97.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCFT has been the subject of several analyst reports. Truist Financial set a $21.00 price objective on Mastercraft Boat in a report on Friday, October 24th. Seaport Research Partners raised Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen upgraded Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. B. Riley Financial reiterated a “neutral” rating on shares of Mastercraft Boat in a research note on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.60.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.