Mastercraft Boat (NASDAQ:MCFT) Raised to “Strong-Buy” at Wall Street Zen

Mastercraft Boat (NASDAQ:MCFT) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Several other analysts have also commented on the stock. Loop Capital assumed coverage on shares of Mastercraft Boat in a research report on Monday, December 22nd. They set a “hold” rating and a $21.00 price target on the stock. Truist Financial set a $21.00 target price on shares of Mastercraft Boat in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Mastercraft Boat in a research report on Monday, December 29th. Zacks Research raised Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Seaport Res Ptn raised Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.67.

Mastercraft Boat Trading Down 0.7%

Shares of MCFT stock opened at $22.34 on Friday. Mastercraft Boat has a twelve month low of $14.39 and a twelve month high of $23.93. The stock has a market cap of $363.92 million, a P/E ratio of 23.03 and a beta of 1.06. The stock has a 50 day moving average of $19.27 and a 200 day moving average of $20.35.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.16 by $0.12. The business had revenue of $69.00 million for the quarter, compared to analyst estimates of $66.96 million. Mastercraft Boat had a return on equity of 8.09% and a net margin of 5.50%.The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. 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. On average, research analysts predict that Mastercraft Boat will post 0.62 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Coliseum Capital Management, L bought 25,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were acquired at an average price of $19.66 per share, for a total transaction of $491,500.00. Following the completion of the transaction, the insider directly owned 3,697,422 shares in the company, valued at $72,691,316.52. The trade was a 0.68% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Fund L.P. Forager sold 58,066 shares of Mastercraft Boat stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $20.37, for a total value of $1,182,804.42. Following the completion of the sale, the insider directly owned 1,699,928 shares in the company, valued at $34,627,533.36. This represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, 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 Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in Mastercraft Boat during the 3rd quarter worth $32,000. State of Wyoming acquired a new position in Mastercraft Boat during the second quarter worth about $61,000. Manning & Napier Advisors LLC purchased a new stake in Mastercraft Boat during the 3rd quarter valued at about $74,000. Russell Investments Group Ltd. raised its holdings in Mastercraft Boat by 16.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock valued at $210,000 after acquiring an additional 1,394 shares during the last quarter. Finally, Strs Ohio purchased a new position in Mastercraft Boat in the 3rd quarter worth approximately $234,000. 97.64% of the stock is owned by institutional investors and hedge funds.

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.