Mastercraft Boat (NASDAQ:MCFT) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Mastercraft Boat (NASDAQ:MCFT) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently commented on the stock. Zacks Research upgraded shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Loop Capital initiated coverage on Mastercraft Boat in a report on Monday, December 22nd. They issued a “hold” rating and a $21.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a research note on Monday, December 29th. Seaport Res Ptn upgraded Mastercraft Boat to a “hold” rating in a research report on Monday, December 22nd. Finally, Truist Financial set a $21.00 price objective on Mastercraft Boat in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Mastercraft Boat has an average rating of “Hold” and a consensus target price of $22.67.

Mastercraft Boat Price Performance

MCFT opened at $22.34 on Friday. The company has a market capitalization of $363.90 million, a P/E ratio of 23.03 and a beta of 1.06. The firm’s fifty day moving average price is $19.27 and its two-hundred day moving average price is $20.35. Mastercraft Boat has a fifty-two week low of $14.39 and a fifty-two week high of $23.93.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.12. The company had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $66.96 million. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.09%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS and its Q2 2026 guidance at 0.160-0.160 EPS. On average, equities research analysts expect that Mastercraft Boat will post 0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mastercraft Boat news, major shareholder Fund L.P. Forager sold 58,066 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $20.37, for a total transaction of $1,182,804.42. Following the sale, the insider owned 1,699,928 shares of the company’s stock, valued at $34,627,533.36. This represents a 3.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Coliseum Capital Management, L acquired 25,000 shares of the stock in a transaction on Monday, December 22nd. The stock was bought at an average price of $19.66 per share, with a total value of $491,500.00. Following the transaction, the insider directly owned 3,697,422 shares in the company, valued at approximately $72,691,316.52. This represents a 0.68% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 134,807 shares of company stock valued at $2,649,367 and sold 103,857 shares valued at $2,121,382. Company insiders own 2.50% of the company’s stock.

Institutional Trading of Mastercraft Boat

Hedge funds have recently modified their holdings of the stock. Ellsworth Advisors LLC bought a new position in Mastercraft Boat in the 4th quarter worth approximately $523,000. JPMorgan Chase & Co. boosted its position in Mastercraft Boat by 1,252.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock valued at $2,423,000 after buying an additional 104,577 shares during the last quarter. Bank of America Corp DE boosted its position in Mastercraft Boat by 38.9% in the 3rd quarter. Bank of America Corp DE now owns 30,561 shares of the company’s stock valued at $656,000 after buying an additional 8,551 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Mastercraft Boat in the 3rd quarter valued at $288,000. Finally, Alliancebernstein L.P. raised its position in shares of Mastercraft Boat by 274.0% during the third quarter. Alliancebernstein L.P. now owns 65,890 shares of the company’s stock worth $1,414,000 after acquiring an additional 48,270 shares during the last quarter. 97.64% of the stock is owned by institutional investors.

Mastercraft Boat Company Profile

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.