MASTERCRAFT BOAT HOLDINGS, INC. $MCFT Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. has increased its stake in MasterCraft Boat Holdings by 12.7%, now owning 501,656 shares worth approximately $8.64 million as of the first quarter.
• Recent research reports have led to a change in recommendations, with Raymond James Financial lowering its price target to $21 and a consensus average target price of $20 from various analysts.
• Shares of MASTERCRAFT BOAT opened at $20.90, reflecting a market cap of $346.94 million and a fifty-two week range between $14.39 and $23.00.

American Century Companies Inc. grew its position in shares of MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT - Free Report) by 12.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 501,656 shares of the company's stock after purchasing an additional 56,397 shares during the period. American Century Companies Inc. owned 3.02% of MASTERCRAFT BOAT worth $8,639,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of MASTERCRAFT BOAT by 0.6% during the 4th quarter. Northern Trust Corp now owns 133,422 shares of the company's stock worth $2,544,000 after purchasing an additional 791 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of MASTERCRAFT BOAT by 260.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company's stock worth $118,000 after acquiring an additional 4,487 shares during the period. GAMMA Investing LLC lifted its holdings in shares of MASTERCRAFT BOAT by 6,422.7% during the 1st quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock worth $148,000 after acquiring an additional 8,478 shares during the period. Systematic Financial Management LP lifted its holdings in shares of MASTERCRAFT BOAT by 4.2% during the 4th quarter. Systematic Financial Management LP now owns 1,071,424 shares of the company's stock worth $20,432,000 after acquiring an additional 42,839 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of MASTERCRAFT BOAT by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 842,945 shares of the company's stock worth $16,075,000 after acquiring an additional 57,729 shares during the period. 97.64% of the stock is owned by institutional investors and hedge funds.

MASTERCRAFT BOAT Trading Down 0.5%

NASDAQ:MCFT traded down $0.11 during trading hours on Monday, hitting $21.94. The stock had a trading volume of 225,016 shares, compared to its average volume of 161,037. MASTERCRAFT BOAT HOLDINGS, INC. has a 1-year low of $14.39 and a 1-year high of $23.50. The business has a 50 day simple moving average of $20.05 and a two-hundred day simple moving average of $18.19. The company has a market cap of $357.84 million, a PE ratio of 49.86 and a beta of 1.03.

MASTERCRAFT BOAT (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.22. MASTERCRAFT BOAT had a net margin of 2.48% and a return on equity of 7.01%. The company had revenue of $79.52 million during the quarter, compared to the consensus estimate of $70.45 million. During the same quarter last year, the company earned ($0.04) earnings per share. MASTERCRAFT BOAT's revenue for the quarter was up 46.4% on a year-over-year basis. MASTERCRAFT BOAT has set its FY 2026 guidance at 1.150-1.40 EPS. Q1 2026 guidance at 0.160-0.160 EPS. Research analysts expect that MASTERCRAFT BOAT HOLDINGS, INC. will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MCFT. Truist Financial increased their price objective on shares of MASTERCRAFT BOAT from $16.00 to $17.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. Raymond James Financial increased their price objective on shares of MASTERCRAFT BOAT from $21.00 to $25.00 and gave the stock an "outperform" rating in a report on Thursday. B. Riley increased their price objective on shares of MASTERCRAFT BOAT from $17.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday. Robert W. Baird increased their price objective on shares of MASTERCRAFT BOAT from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Wall Street Zen upgraded shares of MASTERCRAFT BOAT from a "hold" rating to a "strong-buy" rating in a report on Saturday. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $22.20.

MASTERCRAFT BOAT Profile

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.