Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Given Consensus Rating of “Hold” by Analysts

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $23.00.

Several research firms have recently weighed in on MCFT. B. Riley boosted their target price on Mastercraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Robert W. Baird boosted their price objective on shares of Mastercraft Boat from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Zacks Research upgraded shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Raymond James Financial upped their price target on shares of Mastercraft Boat from $21.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Finally, Wall Street Zen raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 30th.

Insider Buying and Selling at Mastercraft Boat

In related news, major shareholder Fund L.P. Forager sold 58,066 shares of the firm’s 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 sale, the insider directly owned 1,699,928 shares of the company’s stock, valued at approximately $34,627,533.36. This trade represents a 3.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 103,857 shares of company stock valued at $2,121,382 in the last quarter. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of Mastercraft Boat

Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System purchased a new stake in shares of Mastercraft Boat during the third quarter valued at $32,000. State of Wyoming purchased a new stake in Mastercraft Boat in the 2nd quarter valued at about $61,000. Manning & Napier Advisors LLC bought a new position in Mastercraft Boat in the 3rd quarter worth about $74,000. Russell Investments Group Ltd. grew its stake in Mastercraft Boat by 16.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock worth $210,000 after acquiring an additional 1,394 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Mastercraft Boat during the third quarter worth approximately $234,000. 97.64% of the stock is currently owned by institutional investors.

Mastercraft Boat Trading Up 5.2%

Shares of NASDAQ MCFT opened at $18.10 on Friday. Mastercraft Boat has a 12-month low of $14.39 and a 12-month high of $23.93. The firm’s 50-day moving average price is $20.69 and its 200-day moving average price is $19.84. The stock has a market capitalization of $294.85 million, a price-to-earnings ratio of 18.66 and a beta of 1.04.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.28 earnings per share for the quarter, topping 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 analysts’ expectations of $66.96 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS. Q2 2026 guidance at 0.160-0.160 EPS. On average, equities analysts predict that Mastercraft Boat will post 0.62 EPS for the current fiscal year.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.