Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT – Get Free Report) has earned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $24.80.
MCFT has been the topic of a number of recent research reports. Zacks Research upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Truist Financial raised their price target on Mastercraft Boat from $21.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. Robert W. Baird set a $30.00 price target on Mastercraft Boat in a report on Friday, May 8th. Finally, Weiss Ratings cut Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th.
Check Out Our Latest Stock Analysis on Mastercraft Boat
Mastercraft Boat Price Performance
Mastercraft Boat (NASDAQ:MCFT – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Mastercraft Boat had a net margin of 3.72% and a return on equity of 10.56%. The business had revenue of $78.21 million for the quarter, compared to the consensus estimate of $75.55 million. During the same period in the prior year, the business posted $0.30 earnings per share. Mastercraft Boat’s revenue for the quarter was up 2.9% compared to the same quarter last year. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. On average, research analysts anticipate that Mastercraft Boat will post 1.5 EPS for the current year.
Institutional Trading of Mastercraft Boat
Institutional investors have recently added to or reduced their stakes in the business. Coliseum Capital Management LLC increased its stake in shares of Mastercraft Boat by 3.8% during the 4th 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 last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Mastercraft Boat by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 859,835 shares of the company’s stock valued at $17,636,000 after purchasing an additional 28,063 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Mastercraft Boat by 19.0% in the 4th quarter. Royce & Associates LP now owns 305,466 shares of the company’s stock valued at $5,776,000 after purchasing an additional 48,764 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Mastercraft Boat by 26.3% in the 4th 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. Finally, Franklin Resources Inc. boosted its holdings in Mastercraft Boat by 27.5% in the fourth quarter. Franklin Resources Inc. now owns 237,803 shares of the company’s stock worth $4,497,000 after purchasing an additional 51,327 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.
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.
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