Wellington Management Group LLP Increases Position in MASTERCRAFT BOAT HOLDINGS, INC. $MCFT

Key Points

• Wellington Management Group LLP increased its stake in Mastercraft Boat Holdings by 10.4%, owning 1.57% of the company, equating to $4.475 million at the end of the latest reporting period.
• Mastercraft reported $0.40 EPS for the recent quarter, significantly exceeding analysts' expectations of $0.18, alongside a remarkable 46.4% year-over-year revenue growth.
• According to analysts, Mastercraft has an average price target of $22.20, with ratings ranging from "hold" to "strong-buy" reflecting positive market sentiment.

Wellington Management Group LLP increased its stake in shares of MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT - Free Report) by 10.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,869 shares of the company's stock after purchasing an additional 24,445 shares during the quarter. Wellington Management Group LLP owned approximately 1.57% of MASTERCRAFT BOAT worth $4,475,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in shares of MASTERCRAFT BOAT during the fourth quarter valued at about $108,000. Tower Research Capital LLC TRC raised its stake 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 in the last quarter. JPMorgan Chase & Co. raised its stake in shares of MASTERCRAFT BOAT by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock worth $149,000 after acquiring an additional 544 shares in the last quarter. GAMMA Investing LLC lifted its position in MASTERCRAFT BOAT by 6,422.7% during the first quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock valued at $148,000 after acquiring an additional 8,478 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in MASTERCRAFT BOAT by 8.2% in 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 in the last quarter. Hedge funds and other institutional investors own 97.64% of the company's stock.

MASTERCRAFT BOAT Trading Up 1.5%

Shares of NASDAQ MCFT traded up $0.34 during trading on Thursday, reaching $22.61. 160,693 shares of the company traded hands, compared to its average volume of 171,334. The stock has a market cap of $368.77 million, a P/E ratio of 51.39 and a beta of 1.03. The firm's fifty day simple moving average is $20.30 and its 200 day simple moving average is $18.27. 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 posted its earnings results on Wednesday, August 27th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.18 by $0.22. MASTERCRAFT BOAT had a return on equity of 7.01% and a net margin of 2.48%.The firm had revenue of $79.52 million for the quarter, compared to analyst estimates of $70.45 million. During the same period last year, the company earned ($0.04) earnings per share. MASTERCRAFT BOAT's revenue for the quarter was up 46.4% compared to the same quarter last year. 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, research analysts expect that MASTERCRAFT BOAT HOLDINGS, INC. will post 0.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MCFT shares. 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 research report on Thursday, August 28th. B. Riley boosted their target price on 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 upgraded MASTERCRAFT BOAT from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 30th. Truist Financial raised their price target on MASTERCRAFT BOAT from $16.00 to $17.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. Finally, Raymond James Financial upped their price objective on shares of MASTERCRAFT BOAT from $21.00 to $25.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, MASTERCRAFT BOAT presently has an average rating of "Hold" and a consensus price target of $22.20.

MASTERCRAFT BOAT Company 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.