Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) major shareholder Fund L.P. Forager sold 26,497 shares of the business's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $23.50, for a total value of $622,679.50. Following the transaction, the insider owned 1,611,277 shares of the company's stock, valued at $37,865,009.50. This represents a 1.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 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 value 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 transaction of $451,866.00.
- On Tuesday, February 17th, Fund L.P. Forager sold 12,163 shares of Mastercraft Boat stock. The stock was sold at an average price of $23.74, for a total transaction of $288,749.62.
Mastercraft Boat Stock Up 0.8%
Shares of NASDAQ:MCFT opened at $22.72 on Wednesday. The company has a market cap of $369.88 million, a PE ratio of 23.67 and a beta of 1.07. The company's 50-day moving average price is $21.65 and its 200 day moving average price is $20.93. Mastercraft Boat Holdings, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $26.49.
Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.16 by $0.13. The firm had revenue of $71.76 million during the quarter, compared to analysts' expectations of $68.79 million. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. Mastercraft Boat's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. 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. As a group, equities analysts anticipate that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. B. Riley Financial reissued a "neutral" rating on shares of Mastercraft Boat in a research note on Friday, February 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Mastercraft Boat in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Mastercraft Boat from a "buy" rating to a "strong-buy" rating in a research report on Saturday, January 17th. Robert W. Baird set a $28.00 price objective on shares of Mastercraft Boat in a report on Friday, February 6th. Finally, Seaport Research Partners upgraded shares of Mastercraft Boat to a "hold" rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $23.60.
View Our Latest Research Report on Mastercraft Boat
Institutional Investors Weigh In On Mastercraft Boat
Institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC bought a new stake in shares of Mastercraft Boat in the 2nd quarter worth approximately $2,065,000. Forager Capital Management LLC grew its position in Mastercraft Boat by 6.2% in the second quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company's stock worth $33,499,000 after buying an additional 105,280 shares during the last quarter. Gratia Capital LLC bought a new position in shares of Mastercraft Boat in the second quarter valued at $4,273,000. American Century Companies Inc. lifted its position in shares of Mastercraft Boat by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 538,225 shares of the company's stock valued at $10,000,000 after acquiring an additional 36,569 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Mastercraft Boat by 59.8% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 21,100 shares of the company's stock worth $392,000 after acquiring an additional 7,900 shares in the last quarter. 97.64% of the stock is owned by institutional investors and hedge funds.
About Mastercraft Boat
(
Get Free Report)
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.
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