Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives Consensus Rating of "Hold" from Brokerages

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) has been given an average recommendation of "Hold" by the seven ratings firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $24.80.

MCFT has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mastercraft Boat in a research report on Friday, March 27th. Truist Financial upped their target price on Mastercraft Boat from $21.00 to $25.00 and gave the stock a "hold" rating in a research report on Monday, April 27th. Robert W. Baird set a $30.00 price objective on Mastercraft Boat in a research report on Friday. Wall Street Zen raised Mastercraft Boat from a "buy" rating to a "strong-buy" rating in a research report on Saturday, January 17th. Finally, Zacks Research cut Mastercraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 9th.

Mastercraft Boat Stock Up 7.1%

Shares of Mastercraft Boat stock opened at $27.38 on Friday. The stock has a market capitalization of $445.75 million, a P/E ratio of 40.27 and a beta of 1.09. The stock has a 50 day moving average price of $21.59 and a two-hundred day moving average price of $20.98. Mastercraft Boat has a 12-month low of $16.46 and a 12-month high of $28.44.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The firm had revenue of $78.21 million during the quarter, compared to analysts' expectations of $75.55 million. Mastercraft Boat had a return on equity of 10.60% and a net margin of 3.72%.The company's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. Sell-side analysts anticipate that Mastercraft Boat will post 1.34 earnings per share for the current year.

Insider Activity

In other news, major shareholder Fund L.P. Forager sold 30,131 shares of the business's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $23.43, for a total transaction of $705,969.33. Following the transaction, the insider owned 1,637,774 shares in the company, valued at approximately $38,373,044.82. The trade was a 1.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 87,841 shares of company stock worth $2,069,264. Insiders own 2.50% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new position in shares of Mastercraft Boat during the 3rd quarter worth about $32,000. State of Alaska Department of Revenue bought a new position in shares of Mastercraft Boat during the 4th quarter worth about $42,000. State of Wyoming bought a new position in shares of Mastercraft Boat during the 2nd quarter worth about $61,000. Kemnay Advisory Services Inc. bought a new position in Mastercraft Boat in the fourth quarter worth $63,000. Finally, Manning & Napier Advisors LLC bought a new position in Mastercraft Boat in the third quarter worth $74,000. Institutional investors own 97.64% of the company's stock.

Key Stories Impacting Mastercraft Boat

Here are the key news stories impacting Mastercraft Boat this week:

• Positive Sentiment: MasterCraft reported fiscal Q3 EPS of $0.45, topping estimates of $0.36, while revenue rose to $78.21 million versus $75.55 million expected. Article Title
• Positive Sentiment: The company lifted FY 2026 guidance, with EPS guidance of 1.65 and revenue guidance of about $312 million, both above consensus expectations. Article Title
• Positive Sentiment: Management said premium product momentum and the marine products acquisition are helping shape a constructive outlook for the business. Article Title
• Neutral Sentiment: The latest earnings call and transcript commentary will be watched for more detail on demand trends, margins, and integration plans, but no clear negative surprise has emerged from the recent reports. Article Title

About Mastercraft Boat

MasterCraft Boat Holdings, Inc NASDAQ: MCFT is a designer, manufacturer and marketer of high-performance recreational powerboats. The company's portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.