Key Points
- Director Peter Leemputte purchased 1,265 MCFT shares at an average price of $19.73, increasing his stake by 3.43% to 38,132 shares valued at approximately $752,344.
- MasterCraft reported quarterly EPS of $0.67, exceeding the $0.63 consensus estimate, while revenue reached $129.94 million and rose 63.4% year over year.
- Analyst sentiment remains cautious, with a consensus rating of “Reduce” and an average price target of $24.25; institutional investors own 97.64% of the company.
Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) Director Peter Leemputte acquired 1,265 shares of the firm's stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average price of $19.73 per share, with a total value of $24,958.45. Following the completion of the acquisition, the director owned 38,132 shares in the company, valued at $752,344.36. The trade was a 3.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Mastercraft Boat Trading Up 4.0%
Shares of MCFT opened at $20.47 on Wednesday. The business's fifty day simple moving average is $23.63 and its two-hundred day simple moving average is $23.03. Mastercraft Boat Holdings, Inc. has a 12 month low of $17.19 and a 12 month high of $28.44. The company has a market cap of $498.24 million, a price-to-earnings ratio of -1,022.99 and a beta of 1.07.
Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last posted its quarterly earnings results on Thursday, September 10th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04. The firm had revenue of $129.94 million during the quarter, compared to analysts' expectations of $101.79 million. Mastercraft Boat had a positive return on equity of 11.08% and a negative net margin of 0.48%.The company's revenue was up 63.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. As a group, research analysts forecast that Mastercraft Boat Holdings, Inc. will post 1.66 EPS for the current year.
Analyst Upgrades and Downgrades
MCFT has been the topic of several research analyst reports. Robert W. Baird lowered their target price on shares of Mastercraft Boat from $30.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, September 11th. B. Riley Financial reiterated a "neutral" rating and issued a $22.00 price target (down from $25.00) on shares of Mastercraft Boat in a research note on Wednesday, September 16th. Zacks Research lowered shares of Mastercraft Boat from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 15th. Weiss Ratings cut shares of Mastercraft Boat from a "hold (c)" rating to a "sell (d+)" rating in a report on Friday, September 11th. Finally, Truist Financial increased their price objective on shares of Mastercraft Boat from $25.00 to $28.00 and gave the company a "hold" rating in a research report on Monday, July 6th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $24.25.
Read Our Latest Stock Analysis on Mastercraft Boat
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Mastercraft Boat during the second quarter valued at approximately $36,896,000. Pillsbury Lake Capital LLC purchased a new position in shares of Mastercraft Boat during the 2nd quarter worth $12,886,943. Polar Asset Management Partners Inc. purchased a new position in shares of Mastercraft Boat during the 2nd quarter worth $10,073,000. De Lisle Partners LLP bought a new stake in shares of Mastercraft Boat during the 2nd quarter valued at $5,573,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Mastercraft Boat during the 1st quarter valued at $2,248,000. Institutional investors own 97.64% of the company's stock.
About Mastercraft Boat
(
Get Free Report)
MasterCraft Boat Holdings, Inc designs, manufactures and sells recreational powerboats. The company is best known for MasterCraft-branded performance boats, including wake, surf and ski boats designed for watersports and recreational use.
Its portfolio has also included Crest pontoon boats and Aviara luxury dayboats, serving customers seeking family-oriented boating, cruising and premium recreational vessels. The company sells its boats through a network of independent dealers and supports its products with parts, accessories and related services.
MasterCraft traces its origins to 1968 and is headquartered in Vonore, Tennessee.
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