Malibu Boats, Inc. (NASDAQ:MBUU) Director Peter E. Murphy bought 3,000 shares of the stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $25.50 per share, with a total value of $76,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Malibu Boats, Inc. (NASDAQ:MBUU) traded up 1.86% during mid-day trading on Friday, hitting $27.93. 516,223 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $26.82 and its 200-day moving average price is $24.53. Malibu Boats, Inc. has a 12 month low of $14.12 and a 12 month high of $29.50. The stock has a market cap of $566.62 million, a PE ratio of 17.68 and a beta of 0.99.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $75.11 million for the quarter, compared to analyst estimates of $73.35 million. Malibu Boats had a net margin of 10.06% and a return on equity of 78.71%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. Equities analysts expect that Malibu Boats, Inc. will post $1.89 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. bought a new position in shares of Malibu Boats during the 1st quarter valued at $3,688,000. Highbridge Capital Management LLC bought a new position in shares of Malibu Boats during the 1st quarter valued at $215,000. Bank of America Corp DE grew its holdings in shares of Malibu Boats by 48.2% during the 1st quarter. Bank of America Corp DE now owns 72,202 shares of the company’s stock valued at $1,621,000 after purchasing an additional 23,474 shares during the last quarter. EAM Investors LLC bought a new position in shares of Malibu Boats during the 1st quarter valued at $856,000. Finally, First Quadrant L P CA grew its holdings in shares of Malibu Boats by 60.5% during the 2nd quarter. First Quadrant L P CA now owns 28,242 shares of the company’s stock valued at $731,000 after purchasing an additional 10,642 shares during the last quarter.

Several equities analysts have recently weighed in on the company. B. Riley cut Malibu Boats to a “neutral” rating and set a $25.25 price objective for the company. in a report on Saturday, September 2nd. BMO Capital Markets upgraded shares of Malibu Boats from a “market perform” rating to an “outperform” rating and raised their target price for the company from $29.00 to $32.00 in a research note on Monday. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of Malibu Boats in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research note on Saturday, August 12th. Finally, BidaskClub downgraded shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Malibu Boats presently has an average rating of “Buy” and an average target price of $28.92.

About Malibu Boats

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

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