Royce & Associates LP Purchases 48,764 Shares of Mastercraft Boat Holdings, Inc. $MCFT

Royce & Associates LP boosted its position in shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 305,466 shares of the company’s stock after buying an additional 48,764 shares during the quarter. Royce & Associates LP’s holdings in Mastercraft Boat were worth $5,776,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MCFT. Empowered Funds LLC increased its stake in shares of Mastercraft Boat by 7.3% in the 1st quarter. Empowered Funds LLC now owns 87,614 shares of the company’s stock valued at $1,509,000 after acquiring an additional 5,958 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Mastercraft Boat in the 1st quarter valued at about $236,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Mastercraft Boat by 1.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company’s stock valued at $1,313,000 after acquiring an additional 1,188 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Mastercraft Boat by 3.1% in the 2nd quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock valued at $767,000 after acquiring an additional 1,259 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Mastercraft Boat in the 2nd quarter valued at about $684,000. 97.64% of the stock is owned by institutional investors.

Mastercraft Boat Stock Performance

Shares of MCFT opened at $23.29 on Friday. The stock has a 50 day simple moving average of $22.70 and a 200 day simple moving average of $21.31. Mastercraft Boat Holdings, Inc. has a 52-week low of $16.46 and a 52-week high of $28.44. The firm has a market capitalization of $379.16 million, a PE ratio of 34.25 and a beta of 1.09.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Robert W. Baird set a $30.00 price target on Mastercraft Boat in a research note on Friday, May 8th. Zacks Research raised Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. B. Riley Financial reaffirmed a “neutral” rating on shares of Mastercraft Boat in a research note on Friday, February 6th. Truist Financial upped their price target on Mastercraft Boat from $21.00 to $25.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings cut Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.80.

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.