Aegis began coverage on shares of Malibu Boats, Inc. (NASDAQ:MBUU) in a report published on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $37.00 price objective on the stock.

A number of other research analysts also recently commented on MBUU. B. Riley reiterated a neutral rating and issued a $25.50 price objective on shares of Malibu Boats in a report on Friday, September 8th. BidaskClub downgraded Malibu Boats from a strong-buy rating to a buy rating in a report on Saturday, August 5th. Zacks Investment Research upgraded Malibu Boats from a hold rating to a strong-buy rating and set a $29.00 price objective on the stock in a report on Saturday, August 12th. SunTrust Banks, Inc. reiterated a buy rating and issued a $32.00 price objective (up previously from $30.00) on shares of Malibu Boats in a report on Friday, September 8th. Finally, BMO Capital Markets reiterated a hold rating and issued a $29.00 price objective on shares of Malibu Boats in a report on Wednesday, July 5th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Malibu Boats has an average rating of Buy and a consensus target price of $30.07.

Shares of Malibu Boats (MBUU) opened at 32.96 on Monday. Malibu Boats has a one year low of $14.12 and a one year high of $33.35. The firm has a market cap of $668.66 million, a P/E ratio of 20.86 and a beta of 1.04. The firm has a 50-day moving average price of $28.17 and a 200 day moving average price of $25.48.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, September 7th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Malibu Boats had a return on equity of 78.71% and a net margin of 10.06%. The business had revenue of $75.11 million for the quarter, compared to the consensus estimate of $73.35 million. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts forecast that Malibu Boats will post $1.88 earnings per share for the current fiscal year.

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In other news, Director Peter E. Murphy bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $25.50 per share, with a total value of $76,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of Malibu Boats in the 2nd quarter valued at about $116,000. Susquehanna International Group LLP acquired a new stake in shares of Malibu Boats in the 2nd quarter valued at about $200,000. Stevens Capital Management LP acquired a new stake in shares of Malibu Boats in the 2nd quarter valued at about $201,000. Laurion Capital Management LP acquired a new stake in shares of Malibu Boats in the 2nd quarter valued at about $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Malibu Boats in the 2nd quarter valued at about $211,000. 90.19% of the stock is owned by hedge funds and other institutional investors.

Malibu Boats Company Profile

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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