Malibu Boats, Inc. (NASDAQ:MBUU) CEO Jackie D. Jr. Springer sold 40,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $27.76, for a total transaction of $1,110,400.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Malibu Boats, Inc. (MBUU) opened at $28.06 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.46 and a debt-to-equity ratio of 0.94. The stock has a market cap of $566.40, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02. Malibu Boats, Inc. has a fifty-two week low of $16.66 and a fifty-two week high of $33.35.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $75.11 million for the quarter, compared to the consensus estimate of $73.35 million. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%. Malibu Boats’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. equities research analysts predict that Malibu Boats, Inc. will post 1.91 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. grew its stake in shares of Malibu Boats by 3.1% in the 2nd quarter. Prudential Financial Inc. now owns 169,440 shares of the company’s stock worth $4,383,000 after buying an additional 5,140 shares in the last quarter. AJO LP purchased a new position in shares of Malibu Boats in the 2nd quarter worth $5,025,000. Bank of America Corp DE grew its stake in shares of Malibu Boats by 48.2% in the 1st quarter. Bank of America Corp DE now owns 72,202 shares of the company’s stock worth $1,621,000 after buying an additional 23,474 shares in the last quarter. Chicago Equity Partners LLC grew its stake in shares of Malibu Boats by 114.0% in the 2nd quarter. Chicago Equity Partners LLC now owns 100,902 shares of the company’s stock worth $2,610,000 after buying an additional 53,747 shares in the last quarter. Finally, First Quadrant L P CA grew its stake in shares of Malibu Boats by 60.5% in the 2nd quarter. First Quadrant L P CA now owns 28,242 shares of the company’s stock worth $731,000 after buying an additional 10,642 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

MBUU has been the topic of several recent analyst reports. B. Riley downgraded shares of Malibu Boats from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $26.00 to $25.25 in a research report on Monday, August 28th. KeyCorp restated an “overweight” rating and set a $31.00 price objective on shares of Malibu Boats in a research report on Wednesday, August 30th. BMO Capital Markets upgraded shares of Malibu Boats from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $29.00 to $32.00 in a research report on Monday, September 11th. Zacks Investment Research upgraded shares of Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research report on Thursday, September 7th. Finally, ValuEngine upgraded shares of Malibu Boats from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Malibu Boats presently has a consensus rating of “Buy” and a consensus target price of $32.31.

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.

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