Key Points
- Fund L.P. Forager sold 810 shares of Mastercraft on Nov. 10 at an average price of $20.33 for $16,467.30, leaving it with 1,699,118 shares (~$34.54M); this follows larger recent disposals of 58,066 shares on Nov. 7 ($1.18M) and 44,981 shares on Nov. 6 ($922k).
- Mastercraft beat quarterly estimates with EPS of $0.28 versus $0.16 expected and revenue of $69.0M (up 5.5% YoY), and set FY2026 guidance of roughly 1.18–1.43 EPS.
- Shares opened at $19.39 (down ~3.7%) with a market cap of $315.9M, and analysts hold an average rating of Hold with a $23 average price target.
Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) major shareholder Fund L.P. Forager sold 810 shares of the company's stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $20.33, for a total value of $16,467.30. Following the transaction, the insider directly owned 1,699,118 shares of the company's stock, valued at approximately $34,543,068.94. This trade represents a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions 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 3.7%
Shares of MCFT opened at $19.39 on Tuesday. The stock has a market capitalization of $315.86 million, a price-to-earnings ratio of 19.99 and a beta of 1.04. Mastercraft Boat Holdings, Inc. has a 12 month low of $14.39 and a 12 month high of $23.93. The firm has a fifty day simple moving average of $21.51 and a 200 day simple moving average of $19.78.
Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.09%. The firm had revenue of $69.00 million for the quarter, compared to analyst estimates of $66.96 million. During the same period in the previous year, the business earned $0.12 EPS. The company's revenue was up 5.5% compared to the same quarter last year. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS. Q2 2026 guidance at 0.160-0.160 EPS. As a group, research analysts predict that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Wall Street Zen upgraded Mastercraft Boat from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 30th. B. Riley upped their price objective on Mastercraft Boat from $17.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Raymond James Financial increased their price objective on Mastercraft Boat from $21.00 to $25.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Robert W. Baird raised their target price 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, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Mastercraft Boat in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Mastercraft Boat presently has an average rating of "Hold" and an average target price of $23.00.
Read Our Latest Stock Analysis on MCFT
Institutional Trading of Mastercraft Boat
A number of hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System acquired a new position in shares of Mastercraft Boat during the 3rd quarter worth approximately $32,000. State of Wyoming acquired a new stake in Mastercraft Boat during the 2nd quarter valued at $61,000. Manning & Napier Advisors LLC bought a new position in Mastercraft Boat during the third quarter worth $74,000. Strs Ohio acquired a new position in shares of Mastercraft Boat in the third quarter valued at $234,000. Finally, Jane Street Group LLC bought a new position in shares of Mastercraft Boat in the first quarter valued at about $236,000. 97.64% of the stock is owned by institutional investors and hedge funds.
Mastercraft Boat Company Profile
(
Get Free Report)
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.
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