Comerica Bank Lowers Stock Holdings in MASTERCRAFT BOAT HOLDINGS, INC. $MCFT

Key Points

• Comerica Bank reduced its stake in MASTERCRAFT BOAT HOLDINGS, INC. by 61.1%, owning 12,664 shares valued at approximately $218,000 at the end of the recent quarter.
• Other institutional investors have increased their positions in MASTERCRAFT BOAT, with SummerHaven Investment Management adding 1.9% and Harel Insurance Investments increasing by 8.2% during the first quarter.
• The company reported a 46.4% year-over-year revenue increase to $79.52 million, with earnings per share of $0.40, surpassing analyst expectations.

Comerica Bank lowered its stake in shares of MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT - Free Report) by 61.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,664 shares of the company's stock after selling 19,916 shares during the quarter. Comerica Bank owned about 0.08% of MASTERCRAFT BOAT worth $218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. SummerHaven Investment Management LLC grew its position in MASTERCRAFT BOAT by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 43,323 shares of the company's stock valued at $746,000 after acquiring an additional 790 shares during the period. Northern Trust Corp grew its position in MASTERCRAFT BOAT by 0.6% during the fourth quarter. Northern Trust Corp now owns 133,422 shares of the company's stock valued at $2,544,000 after acquiring an additional 791 shares during the period. Price T Rowe Associates Inc. MD grew its position in MASTERCRAFT BOAT by 3.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,812 shares of the company's stock valued at $474,000 after acquiring an additional 808 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in MASTERCRAFT BOAT by 8.2% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,200 shares of the company's stock valued at $227,000 after acquiring an additional 1,000 shares during the period. Finally, State of Wyoming purchased a new stake in MASTERCRAFT BOAT during the fourth quarter valued at about $108,000. Institutional investors and hedge funds own 97.64% of the company's stock.

MASTERCRAFT BOAT Stock Performance

Shares of MCFT opened at $23.07 on Wednesday. The company has a market capitalization of $376.27 million, a P/E ratio of 52.43 and a beta of 1.03. MASTERCRAFT BOAT HOLDINGS, INC. has a one year low of $14.39 and a one year high of $23.93. The stock has a 50-day moving average price of $20.56 and a 200 day moving average price of $18.37.

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

Analyst Ratings Changes

A number of research firms have issued reports on MCFT. Raymond James Financial boosted their price target on MASTERCRAFT BOAT from $21.00 to $25.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Wall Street Zen raised MASTERCRAFT BOAT from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 30th. B. Riley upped their target price on MASTERCRAFT BOAT from $17.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Finally, Robert W. Baird upped their price target on MASTERCRAFT BOAT from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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.

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