Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Sells 12,163 Shares

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 12,163 shares of Mastercraft Boat stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $23.74, for a total transaction of $288,749.62. Following the sale, the insider owned 1,686,955 shares of the company’s stock, valued at approximately $40,048,311.70. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, February 19th, Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock. The stock was sold at an average price of $23.43, for a total transaction of $705,969.33.
• On Wednesday, February 18th, Fund L.P. Forager sold 19,050 shares of Mastercraft Boat stock. The shares were sold at an average price of $23.72, for a total value of $451,866.00.

Mastercraft Boat Price Performance

Shares of MCFT stock traded down $0.01 during trading on Thursday, reaching $23.63. The company’s stock had a trading volume of 156,547 shares, compared to its average volume of 135,898. The stock’s 50-day moving average price is $21.32 and its 200 day moving average price is $20.82. The company has a market capitalization of $384.70 million, a price-to-earnings ratio of 24.61 and a beta of 1.07. Mastercraft Boat Holdings, Inc. has a 1-year low of $14.39 and a 1-year high of $26.49.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.13. The business had revenue of $71.76 million for the quarter, compared to analysts’ expectations of $68.79 million. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. On average, sell-side analysts anticipate that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial set a $21.00 price objective on Mastercraft Boat in a report on Friday, October 24th. B. Riley Financial reaffirmed a “neutral” rating on shares of Mastercraft Boat in a report on Friday, February 6th. Wall Street Zen raised shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Seaport Research Partners upgraded shares of Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. Finally, Robert W. Baird set a $28.00 price target on shares of Mastercraft Boat in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Mastercraft Boat currently has an average rating of “Hold” and a consensus target price of $23.60.

Hedge Funds Weigh In On Mastercraft Boat

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gratia Capital LLC acquired a new position in Mastercraft Boat in the 2nd quarter valued at $4,273,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Mastercraft Boat by 212.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock valued at $4,739,000 after acquiring an additional 150,125 shares in the last quarter. Coliseum Capital Management LLC increased its stake in shares of Mastercraft Boat by 3.8% during the fourth quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock worth $69,918,000 after acquiring an additional 134,807 shares during the period. Corient Private Wealth LLC purchased a new position in Mastercraft Boat during the second quarter worth about $2,065,000. Finally, Forager Capital Management LLC raised its holdings in Mastercraft Boat by 6.2% during the second quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock worth $33,499,000 after purchasing an additional 105,280 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

About Mastercraft Boat

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.