Insider Selling: Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Sells 26,497 Shares of Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 26,497 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $23.50, for a total transaction of $622,679.50. Following the completion of the sale, the insider directly owned 1,611,277 shares of the company’s stock, valued at $37,865,009.50. The trade was a 1.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Thursday, February 19th, Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock. The shares were sold at an average price of $23.43, for a total transaction of $705,969.33.
• On Wednesday, February 18th, Fund L.P. Forager sold 19,050 shares of Mastercraft Boat stock. The stock was sold at an average price of $23.72, for a total transaction of $451,866.00.
• On Tuesday, February 17th, Fund L.P. Forager sold 12,163 shares of Mastercraft Boat stock. The shares were sold at an average price of $23.74, for a total value of $288,749.62.

Mastercraft Boat Trading Up 0.8%

NASDAQ:MCFT traded up $0.18 during mid-day trading on Tuesday, hitting $22.72. The company had a trading volume of 91,629 shares, compared to its average volume of 159,383. The business has a fifty day simple moving average of $21.65 and a 200-day simple moving average of $20.93. The firm has a market capitalization of $369.88 million, a price-to-earnings ratio of 23.67 and a beta of 1.07. Mastercraft Boat Holdings, Inc. has a 1 year low of $14.39 and a 1 year high of $26.49.

Mastercraft Boat (NASDAQ:MCFT) last issued its earnings results on Thursday, February 5th. The company reported $0.29 earnings per share 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 company had revenue of $71.76 million during the quarter, compared to the consensus estimate of $68.79 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year. 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, research analysts anticipate that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Institutional Investors Weigh In On Mastercraft Boat

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Coliseum Capital Management LLC boosted its position in Mastercraft Boat by 3.8% in the fourth quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock valued at $69,918,000 after buying an additional 134,807 shares in the last quarter. Forager Capital Management LLC boosted 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. American Century Companies Inc. grew its position in Mastercraft Boat by 7.3% during 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 last quarter. Royce & Associates LP increased its holdings in Mastercraft Boat by 19.0% in the 4th quarter. Royce & Associates LP now owns 305,466 shares of the company’s stock worth $5,776,000 after purchasing an additional 48,764 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Mastercraft Boat by 26.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 272,749 shares of the company’s stock valued at $5,158,000 after purchasing an additional 56,873 shares during the last quarter. 97.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. 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. Robert W. Baird set a $28.00 price objective on shares of Mastercraft Boat in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a research report on Monday, December 29th. B. Riley Financial reiterated a “neutral” rating on shares of Mastercraft Boat in a research note on Friday, February 6th. Finally, Loop Capital started coverage on Mastercraft Boat in a research note on Monday, December 22nd. They set a “hold” rating and a $21.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Mastercraft Boat has a consensus rating of “Hold” and a consensus price target of $23.60.

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.