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

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) has received an average recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $24.80.

A number of research firms recently commented on MCFT. Robert W. Baird set a $30.00 price objective on Mastercraft Boat in a research note on Friday, May 8th. Weiss Ratings lowered Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Zacks Research raised Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Truist Financial lifted their price objective on Mastercraft Boat from $21.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday, April 27th.

Mastercraft Boat Trading Down 0.7%

Mastercraft Boat stock opened at $25.45 on Friday. Mastercraft Boat has a 12 month low of $17.19 and a 12 month high of $28.44. The company has a market capitalization of $414.33 million, a PE ratio of 37.43 and a beta of 1.07. The stock has a 50-day moving average price of $23.60 and a two-hundred day moving average price of $21.99.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $78.21 million for the quarter, compared to analyst estimates of $75.55 million. Mastercraft Boat had a return on equity of 10.56% and a net margin of 3.72%.The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. As a group, analysts predict that Mastercraft Boat will post 1.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mastercraft Boat

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Wyoming lifted its stake in shares of Mastercraft Boat by 5.1% in the first quarter. State of Wyoming now owns 17,736 shares of the company’s stock worth $364,000 after acquiring an additional 867 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Mastercraft Boat by 1.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company’s stock worth $1,313,000 after purchasing an additional 1,188 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Mastercraft Boat by 12.2% in the fourth quarter. Russell Investments Group Ltd. now owns 10,988 shares of the company’s stock worth $208,000 after purchasing an additional 1,193 shares in the last quarter. First Trust Advisors LP increased its holdings in Mastercraft Boat by 3.1% in the second quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock worth $767,000 after purchasing an additional 1,259 shares in the last quarter. Finally, Barclays PLC increased its holdings in Mastercraft Boat by 7.7% in the fourth quarter. Barclays PLC now owns 24,725 shares of the company’s stock worth $468,000 after purchasing an additional 1,769 shares in the last quarter. 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.