Malibu Boats, Inc. (NASDAQ:MBUU)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $86.80, but opened at $81.75. Malibu Boats shares last traded at $81.25, with a volume of 1,394 shares trading hands.

A number of research analysts have recently issued reports on the company. Truist increased their target price on Malibu Boats from $75.00 to $82.00 in a research report on Wednesday, January 27th. B. Riley increased their target price on Malibu Boats from $85.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, February 10th. Zacks Investment Research downgraded Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, April 14th. BMO Capital Markets increased their price objective on Malibu Boats from $86.00 to $97.00 and gave the company an “outperform” rating in a research note on Wednesday, February 10th. Finally, Raymond James increased their price objective on Malibu Boats from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, March 29th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Malibu Boats has a consensus rating of “Buy” and a consensus target price of $78.00.

The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 24.78 and a beta of 1.94. The business has a 50 day simple moving average of $83.64 and a 200-day simple moving average of $70.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.92 and a current ratio of 1.74.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Monday, February 8th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.19. The firm had revenue of $195.65 million during the quarter, compared to the consensus estimate of $189.80 million. Malibu Boats had a return on equity of 28.93% and a net margin of 10.09%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. Equities analysts predict that Malibu Boats, Inc. will post 5.05 earnings per share for the current fiscal year.

In related news, CFO Wayne R. Wilson sold 27,266 shares of the firm’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $77.42, for a total transaction of $2,110,933.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Ritchie L. Anderson sold 7,500 shares of the firm’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $79.08, for a total value of $593,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 67,100 shares of company stock valued at $5,209,415 over the last three months. Corporate insiders own 1.74% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Royce & Associates LP boosted its holdings in Malibu Boats by 39.5% during the 4th quarter. Royce & Associates LP now owns 132,454 shares of the company’s stock valued at $8,270,000 after acquiring an additional 37,538 shares during the period. Amalgamated Bank purchased a new position in Malibu Boats during the 4th quarter valued at about $200,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Malibu Boats in the 4th quarter valued at about $427,000. Epoch Investment Partners Inc. purchased a new position in shares of Malibu Boats in the 4th quarter valued at about $4,490,000. Finally, Calamos Advisors LLC boosted its stake in shares of Malibu Boats by 25.3% in the 1st quarter. Calamos Advisors LLC now owns 70,973 shares of the company’s stock valued at $5,654,000 after buying an additional 14,336 shares during the period. Institutional investors own 97.47% of the company’s stock.

Malibu Boats Company Profile (NASDAQ:MBUU)

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Cobalt, and Pursuit. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Cobalt, and Pursuit brands.

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