52,601 Shares in MASTERCRAFT BOAT HOLDINGS, INC. $MCFT Purchased by Nuveen LLC

Nuveen LLC acquired a new stake in MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 52,601 shares of the company's stock, valued at approximately $906,000. Nuveen LLC owned 0.32% of MASTERCRAFT BOAT at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SummerHaven Investment Management LLC boosted its stake in MASTERCRAFT BOAT by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 43,323 shares of the company's stock worth $746,000 after buying an additional 790 shares in the last quarter. Northern Trust Corp boosted its stake in MASTERCRAFT BOAT by 0.6% during the fourth quarter. Northern Trust Corp now owns 133,422 shares of the company's stock worth $2,544,000 after buying an additional 791 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 worth $474,000 after buying an additional 808 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake 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 worth $227,000 after buying an additional 1,000 shares in the last quarter. Finally, Barclays PLC boosted its stake in MASTERCRAFT BOAT by 7.9% during the fourth quarter. Barclays PLC now owns 35,936 shares of the company's stock worth $684,000 after buying an additional 2,621 shares in the last quarter. 97.64% of the stock is owned by institutional investors.

MASTERCRAFT BOAT Stock Performance

Shares of NASDAQ MCFT traded up $0.47 during midday trading on Friday, reaching $23.08. 344,821 shares of the company traded hands, compared to its average volume of 191,709. The firm has a market cap of $376.43 million, a PE ratio of 52.46 and a beta of 1.03. The stock's 50-day simple moving average is $20.38 and its 200-day simple moving average is $18.30. MASTERCRAFT BOAT HOLDINGS, INC. has a 12 month low of $14.39 and a 12 month high of $23.50.

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 analysts' consensus estimates of $0.18 by $0.22. The company had revenue of $79.52 million during the quarter, compared to analysts' expectations of $70.45 million. MASTERCRAFT BOAT had a return on equity of 7.01% and a net margin of 2.48%.The business's revenue was up 46.4% on a year-over-year basis. During the same period last year, the business earned ($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. On average, equities research analysts expect that MASTERCRAFT BOAT HOLDINGS, INC. will post 0.62 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on MCFT. Raymond James Financial lifted their price target on shares of MASTERCRAFT BOAT from $21.00 to $25.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. B. Riley lifted their price target on shares of MASTERCRAFT BOAT from $17.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Wall Street Zen raised MASTERCRAFT BOAT from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 30th. Finally, Robert W. Baird lifted their price objective on MASTERCRAFT BOAT from $20.00 to $24.00 and gave the company 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. According to data from MarketBeat.com, MASTERCRAFT BOAT 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.