Nuveen LLC bought a new stake in MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 52,601 shares of the company's stock, valued at approximately $906,000. Nuveen LLC owned about 0.32% of MASTERCRAFT BOAT as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. State of Wyoming acquired a new stake in MASTERCRAFT BOAT in the 4th quarter valued at about $108,000. Tower Research Capital LLC TRC lifted its stake in MASTERCRAFT BOAT by 260.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company's stock valued at $118,000 after purchasing an additional 4,487 shares during the last quarter. GAMMA Investing LLC lifted its stake in MASTERCRAFT BOAT by 6,422.7% in the 1st quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock valued at $148,000 after purchasing an additional 8,478 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in MASTERCRAFT BOAT by 8.2% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,200 shares of the company's stock valued at $227,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in MASTERCRAFT BOAT by 31.6% in the 4th quarter. Wells Fargo & Company MN now owns 14,160 shares of the company's stock valued at $270,000 after purchasing an additional 3,399 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
MCFT has been the topic of several research reports. Raymond James Financial upped their target price 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 boosted their price objective on shares of MASTERCRAFT BOAT from $17.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Robert W. Baird boosted their price objective on shares of MASTERCRAFT BOAT from $20.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Finally, Truist Financial boosted their price objective on shares of MASTERCRAFT BOAT from $16.00 to $17.00 and gave the company a "hold" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $22.20.
Check Out Our Latest Stock Report on MASTERCRAFT BOAT
MASTERCRAFT BOAT Price Performance
MCFT stock traded up $0.34 during trading on Thursday, reaching $22.61. 160,693 shares of the company were exchanged, compared to its average volume of 171,334. The company has a 50-day moving average of $20.30 and a two-hundred day moving average of $18.27. The company has a market capitalization of $368.77 million, a price-to-earnings ratio of 28.92 and a beta of 1.03. MASTERCRAFT BOAT HOLDINGS, INC. has a twelve month low of $14.39 and a twelve month high of $23.50.
MASTERCRAFT BOAT (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.22. The company had revenue of $79.52 million during the quarter, compared to the consensus estimate of $70.45 million. MASTERCRAFT BOAT had a net margin of 2.48% and a return on equity of 7.01%. The company's revenue for the quarter was up 46.4% compared to the same quarter last year. During the same period in the prior 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, analysts forecast that MASTERCRAFT BOAT HOLDINGS, INC. will post 0.62 EPS for the current year.
About MASTERCRAFT BOAT
(
Free Report)
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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