Truist Financial Issues Positive Forecast for Mastercraft Boat (NASDAQ:MCFT) Stock Price

Mastercraft Boat (NASDAQ:MCFT) had its price objective upped by Truist Financial from $25.00 to $28.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target suggests a potential upside of 17.70% from the company’s current price.

Several other equities research analysts have also recently weighed in on MCFT. Robert W. Baird set a $30.00 price target on Mastercraft Boat in a research report 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. Finally, Zacks Research upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. One 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.40.

Mastercraft Boat Stock Performance

Mastercraft Boat stock opened at $23.79 on Monday. The firm has a 50 day simple moving average of $23.75 and a 200 day simple moving average of $22.21. Mastercraft Boat has a 1-year low of $17.19 and a 1-year high of $28.44. The firm has a market capitalization of $387.30 million, a price-to-earnings ratio of 34.99 and a beta of 1.05.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $78.21 million during 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 business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. On average, equities research analysts forecast that Mastercraft Boat will post 1.5 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. State of Wyoming raised its position in Mastercraft Boat by 5.1% in the 1st quarter. State of Wyoming now owns 17,736 shares of the company’s stock worth $364,000 after purchasing an additional 867 shares during the period. Arrowstreet Capital Limited Partnership lifted 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. Russell Investments Group Ltd. boosted its holdings in Mastercraft Boat by 12.2% during the 4th quarter. Russell Investments Group Ltd. now owns 10,988 shares of the company’s stock valued at $208,000 after acquiring an additional 1,193 shares during the period. First Trust Advisors LP grew its position in Mastercraft Boat by 3.1% during the 2nd quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock worth $767,000 after acquiring an additional 1,259 shares during the last quarter. Finally, Barclays PLC increased its stake in Mastercraft Boat by 7.7% in the 4th quarter. Barclays PLC now owns 24,725 shares of the company’s stock worth $468,000 after purchasing an additional 1,769 shares during the period. 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.