Malibu Boats, Inc. (NASDAQ:MBUU) Given Consensus Rating of “Hold” by Analysts

Malibu Boats, Inc. (NASDAQ:MBUU) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $31.60.

MBUU has been the subject of a number of analyst reports. DA Davidson reissued a “neutral” rating and issued a $30.00 price objective on shares of Malibu Boats in a research report on Monday, June 15th. Truist Financial boosted their price target on Malibu Boats from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Raymond James Financial reiterated a “market perform” rating on shares of Malibu Boats in a research note on Monday, August 31st. Zacks Research lowered Malibu Boats from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings upgraded Malibu Boats from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, August 27th.

Institutional Trading of Malibu Boats

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC acquired a new stake in Malibu Boats in the first quarter valued at $194,403,000. Pzena Investment Management LLC increased its position in shares of Malibu Boats by 2.5% in the 4th quarter. Pzena Investment Management LLC now owns 1,721,957 shares of the company’s stock worth $48,576,000 after purchasing an additional 41,713 shares during the last quarter. Cooke & Bieler LP increased its position in shares of Malibu Boats by 1.5% in the 4th quarter. Cooke & Bieler LP now owns 1,567,404 shares of the company’s stock worth $44,216,000 after purchasing an additional 23,313 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Malibu Boats by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 967,068 shares of the company’s stock valued at $25,067,000 after purchasing an additional 52,635 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Malibu Boats by 4.4% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 694,763 shares of the company’s stock valued at $18,008,000 after purchasing an additional 29,390 shares in the last quarter. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Trading Up 1.7%

MBUU opened at $24.03 on Friday. The firm’s 50 day moving average is $27.51 and its 200-day moving average is $26.82. Malibu Boats has a 52-week low of $22.82 and a 52-week high of $34.97. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $472.91 million, a P/E ratio of 343.29 and a beta of 1.15.

Malibu Boats (NASDAQ:MBUU) last announced its earnings results on Thursday, August 27th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.14. Malibu Boats had a net margin of 0.18% and a return on equity of 4.78%. The business had revenue of $295.54 million during the quarter, compared to the consensus estimate of $263.89 million. During the same period in the prior year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. Analysts expect that Malibu Boats will post 2.27 EPS for the current fiscal year.

About Malibu Boats

Malibu Boats, Inc is a designer, manufacturer and marketer of recreational powerboats. The company produces boats for water sports, cruising, fishing and general recreation, serving consumers through a network of dealers primarily in the United States and selected international markets.

Its portfolio includes Malibu and Axis wake and watersports boats, Cobalt luxury bowriders and runabouts, and a range of saltwater fishing and offshore boats sold under brands associated with Pursuit and Maverick Boat Group, including Pathfinder, Hewes and Cobia.