Wayne R. Wilson Sells 35,000 Shares of Malibu Boats, Inc. (MBUU) Stock

Malibu Boats, Inc. (NASDAQ:MBUU) CFO Wayne R. Wilson sold 35,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $31.20, for a total value of $1,092,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Malibu Boats, Inc. (MBUU) traded down $0.52 during trading hours on Friday, reaching $30.74. The company’s stock had a trading volume of 352,050 shares, compared to its average volume of 191,784. The company has a quick ratio of 0.71, a current ratio of 1.46 and a debt-to-equity ratio of 0.94. Malibu Boats, Inc. has a twelve month low of $17.17 and a twelve month high of $33.35. The stock has a market capitalization of $626.30, a P/E ratio of 18.02, a P/E/G ratio of 1.06 and a beta of 1.02.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. The business had revenue of $75.11 million during the quarter, compared to the consensus estimate of $73.35 million. During the same period last year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. analysts forecast that Malibu Boats, Inc. will post 1.91 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Malibu Boats in the second quarter worth $116,000. Susquehanna International Group LLP purchased a new stake in Malibu Boats in the second quarter worth $200,000. Stevens Capital Management LP purchased a new stake in Malibu Boats in the second quarter worth $201,000. Laurion Capital Management LP purchased a new stake in Malibu Boats in the second quarter worth $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Malibu Boats in the second quarter worth $211,000.

A number of analysts recently commented on the company. ValuEngine downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 price target on shares of Malibu Boats in a research report on Friday, October 13th. SunTrust Banks reaffirmed a “buy” rating and set a $34.00 price target on shares of Malibu Boats in a research report on Friday, November 10th. B. Riley reaffirmed a “neutral” rating and set a $29.50 price target (up from $25.50) on shares of Malibu Boats in a research report on Monday, November 6th. Finally, BidaskClub downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Malibu Boats has a consensus rating of “Buy” and an average target price of $32.31.

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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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