Malibu Boats, Inc. (MBUU) – What Are Investment Firms Thinking About This Stock?

Malibu Boats, Inc. (NASDAQ:MBUU) has received a consensus rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $28.40.

A number of brokerages have weighed in on MBUU. Benchmark reiterated a “buy” rating on shares of Malibu Boats in a research note on Friday, August 28th. Truist Financial dropped their price target on Malibu Boats from $34.00 to $26.00 and set a “hold” rating on the stock in a research note on Friday, October 23rd. Wall Street Zen downgraded Malibu Boats from a “buy” rating to a “hold” rating in a research note on Sunday, November 1st. B. Riley Financial reiterated a “neutral” rating and set a $22.00 price objective (down from $30.00) on shares of Malibu Boats in a research report on Friday, November 6th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Malibu Boats in a report on Monday, August 31st.

Institutional Investors Weigh In On Malibu Boats

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC purchased a new position in shares of Malibu Boats in the first quarter worth approximately $194,403,000. Bank of America Corp DE increased its holdings in Malibu Boats by 44.6% during the first quarter. Bank of America Corp DE now owns 343,042 shares of the company’s stock valued at $8,892,000 after buying an additional 105,734 shares during the last quarter. Empowered Funds LLC purchased a new stake in Malibu Boats during the first quarter valued at approximately $2,321,000. Bank of New York Mellon Corp purchased a new stake in Malibu Boats during the second quarter valued at approximately $2,384,000. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Malibu Boats by 10.6% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 865,239 shares of the company’s stock worth $19,831,000 after acquiring an additional 82,777 shares during the period. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Malibu Boats Stock Performance

Shares of MBUU stock opened at $20.50 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $23.18 and a 200-day moving average price of $26.63. Malibu Boats has a 52 week low of $19.46 and a 52 week high of $34.97. The firm has a market capitalization of $402.82 million, a PE ratio of 50.00 and a beta of 1.20.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Malibu Boats had a net margin of 0.86% and a return on equity of 4.78%. The company had revenue of $252.94 million for the quarter, compared to the consensus estimate of $257.64 million. During the same quarter last year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, equities research analysts expect that Malibu Boats will post 2.18 earnings per share for the current year.

About Malibu Boats

Malibu Boats, Inc. designs, manufactures and markets recreational powerboats. Its brands include Malibu and Axis, which specialize in performance sport boats for activities such as wakeboarding and wakesurfing, as well as Cobalt, known for luxury recreational boats. The company also serves saltwater and freshwater fishing markets through brands including Pursuit, Maverick, Cobia, Pathfinder and Hewes. These brands offer a range of boats, including sport, center-console, bay and fishing models. Founded in 1982, Malibu Boats sells its products through a network of independent dealers in the United States and international markets.