Mastercraft Boat (NASDAQ:MCFT) Stock Price Expected to Rise, Truist Financial Analyst Says

Mastercraft Boat (NASDAQ:MCFT) had its target price boosted by analysts at Truist Financial from $25.00 to $28.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective points to a potential upside of 17.70% from the company’s current price.

Several other analysts have also issued reports on the stock. Weiss Ratings lowered shares of Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Robert W. Baird set a $30.00 price target on shares of Mastercraft Boat in a research report on Friday, May 8th. Finally, Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Mastercraft Boat has a consensus rating of “Hold” and an average price target of $25.40.

Mastercraft Boat Price Performance

Shares of Mastercraft Boat stock opened at $23.79 on Monday. Mastercraft Boat has a 52 week low of $17.19 and a 52 week high of $28.44. The business has a 50 day moving average price of $23.75 and a 200-day moving average price of $22.21. The company has a market cap of $387.30 million, a PE ratio of 34.99 and a beta of 1.05.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $78.21 million during the quarter, compared to the consensus estimate of $75.55 million. Mastercraft Boat had a return on equity of 10.56% and a net margin of 3.72%.Mastercraft Boat’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. As a group, research analysts anticipate that Mastercraft Boat will post 1.5 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCFT. Empowered Funds LLC increased its stake 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 during the last quarter. Jane Street Group LLC purchased a new stake in Mastercraft Boat in the first quarter worth $236,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Mastercraft Boat by 1.7% in the second 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. First Trust Advisors LP lifted its position in shares of Mastercraft Boat by 3.1% during the 2nd quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock valued at $767,000 after buying an additional 1,259 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Mastercraft Boat during the 2nd quarter worth $684,000. 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.