Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Sells $16,467.30 in Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 810 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $20.33, for a total transaction of $16,467.30. Following the completion of the transaction, the insider owned 1,699,118 shares of the company’s stock, valued at $34,543,068.94. This trade represents a 0.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, November 7th, Fund L.P. Forager sold 58,066 shares of Mastercraft Boat stock. The shares were sold at an average price of $20.37, for a total transaction of $1,182,804.42.
• On Thursday, November 6th, Fund L.P. Forager sold 44,981 shares of Mastercraft Boat stock. The stock was sold at an average price of $20.50, for a total transaction of $922,110.50.

Mastercraft Boat Trading Down 0.8%

MCFT stock opened at $19.00 on Thursday. The stock has a 50-day moving average price of $21.38 and a two-hundred day moving average price of $19.79. Mastercraft Boat Holdings, Inc. has a 1 year low of $14.39 and a 1 year high of $23.93. The stock has a market cap of $309.51 million, a PE ratio of 19.59 and a beta of 1.04.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.12. The company had revenue of $69.00 million for the quarter, compared to analyst estimates of $66.96 million. Mastercraft Boat had a return on equity of 8.09% and a net margin of 5.50%.The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS. Q2 2026 guidance at 0.160-0.160 EPS. On average, analysts forecast that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on MCFT. Raymond James Financial upped their price target on Mastercraft Boat from $21.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mastercraft Boat in a research report on Wednesday, October 8th. Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Robert W. Baird lifted their price target on shares of Mastercraft Boat from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Finally, B. Riley increased their price objective on shares of Mastercraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $23.00.

Hedge Funds Weigh In On Mastercraft Boat

A number of institutional investors have recently added to or reduced their stakes in MCFT. New York State Teachers Retirement System acquired a new stake in Mastercraft Boat in the third quarter valued at $32,000. State of Wyoming bought a new stake in shares of Mastercraft Boat in the 2nd quarter valued at about $61,000. Manning & Napier Advisors LLC acquired a new stake in Mastercraft Boat in the 3rd quarter valued at about $74,000. Strs Ohio bought a new position in Mastercraft Boat during the third quarter worth about $234,000. Finally, Jane Street Group LLC acquired a new position in Mastercraft Boat during the first quarter worth approximately $236,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.