Mastercraft Boat (NASDAQ:MCFT) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.89 and traded as low as $20.62. Mastercraft Boat shares last traded at $20.84, with a volume of 132,083 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MCFT shares. B. Riley Financial restated a “neutral” rating on shares of Mastercraft Boat in a research note on Friday, February 6th. Loop Capital started coverage on shares of Mastercraft Boat in a research report on Monday, December 22nd. They set a “hold” rating and a $21.00 price objective for the company. Robert W. Baird set a $28.00 target price on Mastercraft Boat in a research report on Friday, February 6th. Wall Street Zen upgraded shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Finally, Seaport Research Partners raised Mastercraft Boat to a “hold” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Mastercraft Boat has a consensus rating of “Hold” and a consensus price target of $23.60.

Mastercraft Boat Stock Performance

The stock has a market cap of $339.28 million, a P/E ratio of 21.71 and a beta of 1.07. The business has a 50 day simple moving average of $21.89 and a 200-day simple moving average of $20.83.

Mastercraft Boat (NASDAQ:MCFT) last released its earnings results on Thursday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.The business had revenue of $71.76 million during the quarter, compared to the consensus estimate of $68.79 million. During the same period last year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. On average, sell-side analysts predict that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Insider Transactions at Mastercraft Boat

In other Mastercraft Boat news, major shareholder Fund L.P. Forager sold 26,497 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $23.50, for a total value of $622,679.50. Following the completion of the sale, the insider owned 1,611,277 shares of the company’s stock, valued at $37,865,009.50. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 87,841 shares of company stock worth $2,069,264 over the last three months. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Mastercraft Boat

A number of large investors have recently made changes to their positions in the business. Coliseum Capital Management LLC increased its position in shares of Mastercraft Boat by 3.8% during the fourth quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock valued at $69,918,000 after buying an additional 134,807 shares during the period. American Century Companies Inc. lifted its holdings in Mastercraft Boat by 7.3% in the second quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock worth $10,000,000 after buying an additional 36,569 shares during the period. Royce & Associates LP lifted its holdings in Mastercraft Boat by 19.0% in the fourth quarter. Royce & Associates LP now owns 305,466 shares of the company’s stock worth $5,776,000 after buying an additional 48,764 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Mastercraft Boat by 26.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 272,749 shares of the company’s stock worth $5,158,000 after buying an additional 56,873 shares during the period. Finally, Franklin Resources Inc. boosted its position in Mastercraft Boat by 27.5% during the 4th quarter. Franklin Resources Inc. now owns 237,803 shares of the company’s stock valued at $4,497,000 after acquiring an additional 51,327 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors.

Mastercraft Boat Company Profile

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.