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

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $23.60.

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a research note on Monday, December 29th. Robert W. Baird set a $28.00 price target on shares of Mastercraft Boat in a report on Friday, February 6th. Wall Street Zen raised shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Loop Capital initiated coverage on shares of Mastercraft Boat in a research note on Monday, December 22nd. They set a “hold” rating and a $21.00 price objective on the stock. Finally, B. Riley Financial restated a “neutral” rating on shares of Mastercraft Boat in a research report on Friday, February 6th.

Insiders Place Their Bets

In other news, major shareholder Fund L.P. Forager sold 30,131 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $23.43, for a total transaction of $705,969.33. Following the sale, the insider owned 1,637,774 shares in the company, valued at $38,373,044.82. This trade represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Coliseum Capital Management, L acquired 25,000 shares of the stock in a transaction dated Monday, December 22nd. The stock was acquired at an average cost of $19.66 per share, with a total value of $491,500.00. Following the transaction, the insider owned 3,697,422 shares of the company’s stock, valued at approximately $72,691,316.52. This trade represents a 0.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 87,841 shares of company stock worth $2,069,264. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of Mastercraft Boat

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCFT. Corient Private Wealth LLC purchased a new stake in shares of Mastercraft Boat during the 2nd quarter valued at $2,065,000. Forager Capital Management LLC lifted its holdings in shares of Mastercraft Boat by 6.2% during the 2nd quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock valued at $33,499,000 after acquiring an additional 105,280 shares in the last quarter. Gratia Capital LLC purchased a new stake in shares of Mastercraft Boat in the second quarter worth about $4,273,000. American Century Companies Inc. boosted its holdings in Mastercraft Boat by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock worth $10,000,000 after acquiring an additional 36,569 shares during the period. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Mastercraft Boat in the third quarter valued at $596,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Mastercraft Boat Stock Performance

Mastercraft Boat stock opened at $20.32 on Friday. Mastercraft Boat has a fifty-two week low of $14.39 and a fifty-two week high of $26.49. The firm has a market capitalization of $330.81 million, a price-to-earnings ratio of 21.17 and a beta of 1.07. The stock’s fifty day moving average is $22.00 and its two-hundred day moving average is $20.90.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $0.10 EPS. The business’s revenue 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. As a group, sell-side analysts forecast that Mastercraft Boat will post 0.62 EPS for the current fiscal year.

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.