Mastercraft Boat (NASDAQ:MCFT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Mastercraft Boat (NASDAQ:MCFT) from a buy rating to a strong-buy rating in a research report report published on Saturday.

Other research analysts have also recently issued research reports about the stock. Truist Financial set a $21.00 target price on shares of Mastercraft Boat in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 29th. Seaport Res Ptn upgraded Mastercraft Boat to a “hold” rating in a research report on Monday, December 22nd. Loop Capital initiated coverage on Mastercraft Boat in a report on Monday, December 22nd. They set a “hold” rating and a $21.00 target price on the stock. Finally, Zacks Research upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.67.

Mastercraft Boat Stock Down 0.7%

Shares of MCFT opened at $22.34 on Friday. Mastercraft Boat has a 12 month low of $14.39 and a 12 month high of $23.93. The stock has a market cap of $363.92 million, a price-to-earnings ratio of 23.03 and a beta of 1.06. The company has a 50-day moving average price of $19.33 and a two-hundred day moving average price of $20.37.

Mastercraft Boat (NASDAQ:MCFT) last posted its earnings results on Thursday, November 6th. The company reported $0.28 EPS 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 business had revenue of $69.00 million during the quarter, compared to the consensus estimate of $66.96 million. During the same quarter last year, the company earned $0.12 EPS. Mastercraft Boat’s revenue was up 5.5% on a year-over-year basis. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS and its Q2 2026 guidance at 0.160-0.160 EPS. Equities research analysts expect that Mastercraft Boat will post 0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Coliseum Capital Management, L acquired 25,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the insider directly owned 3,697,422 shares in the company, valued at approximately $72,691,316.52. This trade represents a 0.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Fund L.P. Forager sold 58,066 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $20.37, for a total value of $1,182,804.42. Following the completion of the sale, the insider owned 1,699,928 shares of the company’s stock, valued at $34,627,533.36. This represents a 3.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have acquired 134,807 shares of company stock valued at $2,649,367 and have sold 103,857 shares valued at $2,121,382. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mastercraft Boat

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gratia Capital LLC bought a new stake in shares of Mastercraft Boat in the 2nd quarter valued at about $4,273,000. Arrowstreet Capital Limited Partnership increased its stake in Mastercraft Boat by 212.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock valued at $4,739,000 after purchasing an additional 150,125 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in Mastercraft Boat in the second quarter worth $2,065,000. Forager Capital Management LLC raised its holdings in Mastercraft Boat by 6.2% in the second quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock worth $33,499,000 after purchasing an additional 105,280 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Mastercraft Boat by 1,252.0% during the third quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock worth $2,423,000 after purchasing an additional 104,577 shares in the last quarter. Institutional investors own 97.64% of the company’s stock.

About Mastercraft Boat

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.