Redmont Wealth Advisors LLC Makes New $596,000 Investment in Mastercraft Boat Holdings, Inc. $MCFT

Redmont Wealth Advisors LLC acquired a new stake in shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,795 shares of the company’s stock, valued at approximately $596,000. Redmont Wealth Advisors LLC owned about 0.17% of Mastercraft Boat at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MCFT. JPMorgan Chase & Co. increased its holdings in Mastercraft Boat by 1,252.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock worth $2,423,000 after purchasing an additional 104,577 shares in the last quarter. State of Wyoming raised its position in Mastercraft Boat by 82.4% in the 3rd quarter. State of Wyoming now owns 5,980 shares of the company’s stock valued at $128,000 after buying an additional 2,701 shares during the last quarter. Strs Ohio purchased a new stake in Mastercraft Boat in the 3rd quarter valued at $234,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Mastercraft Boat by 93.9% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,910 shares of the company’s stock valued at $876,000 after acquiring an additional 19,810 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Mastercraft Boat in the 3rd quarter worth $74,000. Institutional investors own 97.64% of the company’s stock.

Mastercraft Boat Stock Performance

Shares of Mastercraft Boat stock opened at $23.64 on Thursday. The stock has a market capitalization of $384.86 million, a P/E ratio of 24.63 and a beta of 1.07. Mastercraft Boat Holdings, Inc. has a 52-week low of $14.39 and a 52-week high of $26.49. The stock’s 50-day simple moving average is $21.32 and its 200 day simple moving average is $20.82.

Mastercraft Boat (NASDAQ:MCFT) last posted its earnings results on Thursday, February 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.13. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. The firm had revenue of $71.76 million during the quarter, compared to the consensus estimate of $68.79 million. During the same quarter last year, the company earned $0.10 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. Equities research analysts forecast that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Insider Activity

In other Mastercraft Boat news, major shareholder Coliseum Capital Management, L purchased 25,000 shares of the stock in a transaction on Monday, December 22nd. The shares were purchased at an average price of $19.66 per share, with a total value of $491,500.00. Following the acquisition, the insider directly owned 3,697,422 shares in the company, valued at approximately $72,691,316.52. The trade was a 0.68% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 134,807 shares of company stock valued at $2,649,367 in the last quarter. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MCFT shares. B. Riley Financial restated a “neutral” rating on shares of Mastercraft Boat in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a research report on Monday, December 29th. Loop Capital started coverage on Mastercraft Boat in a report on Monday, December 22nd. They set a “hold” rating and a $21.00 price target on the stock. Robert W. Baird set a $28.00 target price on Mastercraft Boat in a research report on Friday, February 6th. Finally, Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $23.60.

Mastercraft Boat 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.