Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives Consensus Recommendation of “Hold” from Analysts

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) has been given a consensus rating of “Hold” by the seven research firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $24.80.

A number of equities analysts recently weighed in on MCFT shares. Truist Financial lifted their target price on shares of Mastercraft Boat from $21.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. B. Riley Financial reissued a “neutral” rating on shares of Mastercraft Boat in a research note on Friday, February 6th. Zacks Research downgraded shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Wall Street Zen raised shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings downgraded shares of Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday.

Insiders Place Their Bets

In related news, major shareholder Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $23.43, for a total transaction of $705,969.33. Following the completion of the transaction, the insider owned 1,637,774 shares of the company’s stock, valued at $38,373,044.82. This trade represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 87,841 shares of company stock worth $2,069,264 over the last ninety days. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mastercraft Boat

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Polar Asset Management Partners Inc. bought a new stake in Mastercraft Boat in the first quarter valued at $3,589,000. Lazard Asset Management LLC bought a new stake in Mastercraft Boat in the first quarter valued at $2,248,000. Sei Investments Co. increased its stake in Mastercraft Boat by 96.1% in the first quarter. Sei Investments Co. now owns 30,118 shares of the company’s stock valued at $618,000 after purchasing an additional 14,760 shares in the last quarter. State of Wyoming increased its stake in Mastercraft Boat by 5.1% in the first quarter. State of Wyoming now owns 17,736 shares of the company’s stock valued at $364,000 after purchasing an additional 867 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Mastercraft Boat by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 859,835 shares of the company’s stock valued at $17,636,000 after purchasing an additional 28,063 shares in the last quarter. 97.64% of the stock is owned by institutional investors.

Mastercraft Boat Stock Performance

MCFT stock opened at $23.70 on Friday. Mastercraft Boat has a 52-week low of $16.46 and a 52-week high of $28.44. The company has a fifty day moving average price of $21.99 and a 200-day moving average price of $21.13. The company has a market capitalization of $385.84 million, a P/E ratio of 34.85 and a beta of 1.09.

Mastercraft Boat (NASDAQ:MCFT) last announced its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Mastercraft Boat had a net margin of 3.72% and a return on equity of 10.56%. The business had revenue of $78.21 million during the quarter, compared to the consensus estimate of $75.55 million. During the same quarter last year, the firm earned $0.30 earnings per share. Mastercraft Boat’s quarterly revenue was up 2.9% on a year-over-year basis. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. As a group, sell-side analysts forecast that Mastercraft Boat will post 1.34 earnings per share for the current fiscal year.

Mastercraft Boat Company Profile

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.