Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives Average Rating of “Hold” from Analysts

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) have been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $22.6667.

Several research firms recently commented on MCFT. Seaport Research Partners raised Mastercraft Boat to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a research report on Monday, December 29th. Wall Street Zen raised shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Finally, Truist Financial set a $21.00 price objective on shares of Mastercraft Boat in a research report on Friday, October 24th.

Mastercraft Boat Trading Down 2.0%

NASDAQ:MCFT opened at $20.91 on Thursday. The firm’s fifty day simple moving average is $19.79 and its 200 day simple moving average is $20.44. Mastercraft Boat has a twelve month low of $14.39 and a twelve month high of $23.93. The firm has a market capitalization of $340.62 million, a price-to-earnings ratio of 21.56 and a beta of 1.06.

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

Insider Transactions at Mastercraft Boat

In other news, major shareholder Fund L.P. Forager sold 58,066 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was 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 directly owned 1,699,928 shares in the company, valued at approximately $34,627,533.36. This represents a 3.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Coliseum Capital Management, L purchased 76,000 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were bought at an average cost of $19.79 per share, with a total value of $1,504,040.00. Following the transaction, the insider directly owned 3,672,422 shares of the company’s stock, valued at approximately $72,677,231.38. This represents a 2.11% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 134,807 shares of company stock valued at $2,649,367 and sold 103,857 shares valued at $2,121,382. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of Mastercraft Boat

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in Mastercraft Boat during the 4th quarter worth $42,000. Ellsworth Advisors LLC bought a new position in shares of Mastercraft Boat during the fourth quarter worth about $523,000. JPMorgan Chase & Co. grew its stake in Mastercraft Boat by 1,252.0% in the third quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock worth $2,423,000 after purchasing an additional 104,577 shares in the last quarter. Bank of America Corp DE increased its holdings in Mastercraft Boat by 38.9% in the third quarter. Bank of America Corp DE now owns 30,561 shares of the company’s stock valued at $656,000 after buying an additional 8,551 shares during the last quarter. Finally, Algert Global LLC bought a new stake in Mastercraft Boat in the third quarter valued at about $288,000. 97.64% of the stock is owned by institutional investors and hedge funds.

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.