Mastercraft Boat (NASDAQ:MCFT) Shares Pass Above 50-Day Moving Average – Time to Sell?

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $22.98 and traded as high as $23.24. Mastercraft Boat shares last traded at $22.21, with a volume of 107,770 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MCFT. Weiss Ratings cut Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Zacks Research raised Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Robert W. Baird set a $30.00 price target on Mastercraft Boat in a report on Friday, May 8th. Finally, Truist Financial raised their price target on Mastercraft Boat from $21.00 to $25.00 and gave the company a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mastercraft Boat has an average rating of “Hold” and an average price target of $24.80.

Mastercraft Boat Stock Up 2.4%

The firm has a fifty day moving average of $23.08 and a 200-day moving average of $21.61. The firm has a market cap of $378.02 million, a P/E ratio of 34.15 and a beta of 1.07.

Mastercraft Boat (NASDAQ:MCFT) last issued its earnings results 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. The company had revenue of $78.21 million for the quarter, compared to analyst estimates of $75.55 million. Mastercraft Boat had a net margin of 3.72% and a return on equity of 10.56%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. Sell-side analysts anticipate that Mastercraft Boat Holdings, Inc. will post 1.54 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MCFT. Polar Asset Management Partners Inc. bought a new position in shares of Mastercraft Boat in the 1st quarter valued at about $3,589,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Mastercraft Boat by 212.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock worth $4,739,000 after purchasing an additional 150,125 shares during the period. Coliseum Capital Management LLC grew its stake in shares of Mastercraft Boat by 3.8% during the fourth quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock worth $69,918,000 after purchasing an additional 134,807 shares during the period. Corient Private Wealth LLC acquired a new stake in shares of Mastercraft Boat during the second quarter worth $2,065,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Mastercraft Boat during the first quarter worth $2,248,000. Institutional investors own 97.64% of the company’s stock.

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.