Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Given Average Recommendation of “Hold” by Brokerages

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $23.60.

A number of research analysts have commented on MCFT shares. Robert W. Baird set a $28.00 price objective on Mastercraft Boat in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 29th. Loop Capital started coverage on shares of Mastercraft Boat in a research note on Monday, December 22nd. They issued a “hold” rating and a $21.00 price target on the stock. B. Riley Financial reaffirmed a “neutral” rating on shares of Mastercraft Boat in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th.

Mastercraft Boat Stock Performance

Shares of MCFT stock opened at $20.94 on Friday. Mastercraft Boat has a 52 week low of $14.39 and a 52 week high of $26.49. The company has a market capitalization of $340.90 million, a price-to-earnings ratio of 21.81 and a beta of 1.07. The company has a 50-day simple moving average of $21.92 and a 200 day simple moving average of $20.85.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.13. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. The firm had revenue of $71.76 million during the quarter, compared to the consensus estimate of $68.79 million. During the same period last year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. 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. Sell-side analysts forecast that Mastercraft Boat will post 0.62 EPS for the current year.

Insider Activity at Mastercraft Boat

In other news, major shareholder Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $23.43, for a total value of $705,969.33. Following the completion of the sale, the insider directly owned 1,637,774 shares in the company, valued at approximately $38,373,044.82. The trade was a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 87,841 shares of company stock worth $2,069,264 over the last quarter. 2.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mastercraft Boat

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCFT. Empowered Funds LLC grew its holdings in shares of Mastercraft Boat by 7.3% during the 1st quarter. Empowered Funds LLC now owns 87,614 shares of the company’s stock worth $1,509,000 after purchasing an additional 5,958 shares in the last quarter. Jane Street Group LLC acquired a new stake in Mastercraft Boat during the first quarter worth about $236,000. American Century Companies Inc. grew its stake in Mastercraft Boat by 7.3% during the second quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock worth $10,000,000 after buying an additional 36,569 shares in the last quarter. Forager Capital Management LLC increased its holdings in Mastercraft Boat by 6.2% in the 2nd quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock valued at $33,499,000 after buying an additional 105,280 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Mastercraft Boat by 1.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company’s stock valued at $1,313,000 after buying an additional 1,188 shares during the period. 97.64% of the stock is owned by institutional investors and hedge funds.

Mastercraft Boat Company Profile

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.