Mastercraft Boat (NASDAQ:MCFT) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Mastercraft Boat (NASDAQ:MCFT) to a hold rating in a research report released on Monday morning,Zacks.com reports.

Several other research analysts have also recently weighed in on MCFT. Truist Financial set a $21.00 price target on shares of Mastercraft Boat in a report on Friday, October 24th. Loop Capital initiated coverage on Mastercraft Boat in a research report on Monday. They issued a “hold” rating and a $21.00 target price on the stock. Raymond James Financial increased their target price on Mastercraft Boat from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 15th. Finally, Zacks Research lowered Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.67.

Mastercraft Boat Trading Down 0.1%

MCFT stock opened at $19.51 on Monday. Mastercraft Boat has a 1-year low of $14.39 and a 1-year high of $23.93. The business’s 50 day simple moving average is $19.51 and its 200 day simple moving average is $20.11. The firm has a market capitalization of $317.74 million, a PE ratio of 20.11 and a beta of 1.09.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.09%. The firm had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $66.96 million. During the same period in the previous year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS and its Q2 2026 guidance at 0.160-0.160 EPS. As a group, sell-side analysts predict that Mastercraft Boat will post 0.62 EPS for the current fiscal year.

Insider Buying and Selling at Mastercraft Boat

In other news, major shareholder Coliseum Capital Management, L purchased 25,000 shares of the stock in a transaction on Monday, December 22nd. The stock was purchased at an average price of $19.66 per share, for a total transaction of $491,500.00. Following the acquisition, the insider owned 3,697,422 shares in the company, valued at $72,691,316.52. This trade represents a 0.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Fund L.P. Forager sold 58,066 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $20.37, for a total transaction of $1,182,804.42. Following the completion of the transaction, the insider owned 1,699,928 shares in the company, valued at approximately $34,627,533.36. The trade was a 3.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders purchased 134,807 shares of company stock worth $2,649,367 and sold 103,857 shares worth $2,121,382. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Mastercraft Boat

A number of hedge funds have recently added to or reduced their stakes in MCFT. SummerHaven Investment Management LLC boosted its holdings in shares of Mastercraft Boat by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 44,177 shares of the company’s stock worth $821,000 after buying an additional 854 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Mastercraft Boat by 1.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company’s stock valued at $1,313,000 after acquiring an additional 1,188 shares during the period. First Trust Advisors LP boosted its stake in Mastercraft Boat by 3.1% during the second quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock worth $767,000 after acquiring an additional 1,259 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Mastercraft Boat by 16.6% in the third quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock worth $210,000 after purchasing an additional 1,394 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in Mastercraft Boat in the third quarter worth $32,000. 97.64% of the stock is currently owned by institutional investors.

About Mastercraft Boat

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.