Royce & Associates LP Purchases 48,764 Shares of Mastercraft Boat Holdings, Inc. $MCFT

Royce & Associates LP increased its stake in shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 305,466 shares of the company’s stock after acquiring an additional 48,764 shares during the quarter. Royce & Associates LP owned about 1.88% of Mastercraft Boat worth $5,776,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in shares of Mastercraft Boat in the 4th quarter valued at $42,000. State of Wyoming bought a new position in shares of Mastercraft Boat in the second quarter valued at about $61,000. Russell Investments Group Ltd. raised its holdings in shares of Mastercraft Boat by 16.6% in the third quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock valued at $210,000 after buying an additional 1,394 shares during the last quarter. Strs Ohio bought a new position in shares of Mastercraft Boat in the third quarter valued at about $234,000. Finally, Jane Street Group LLC bought a new position in shares of Mastercraft Boat in the first quarter valued at about $236,000. Institutional investors and hedge funds own 97.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Robert W. Baird set a $30.00 price target on Mastercraft Boat in a report on Friday, May 8th. Truist Financial lifted their price target on Mastercraft Boat from $21.00 to $25.00 and gave the company a “hold” rating in a report on Monday, April 27th. Zacks Research raised Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Weiss Ratings cut Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, B. Riley Financial reaffirmed a “neutral” rating on shares of Mastercraft Boat in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.80.

Mastercraft Boat Trading Down 3.1%

Shares of NASDAQ:MCFT opened at $23.29 on Friday. The stock has a market capitalization of $379.16 million, a P/E ratio of 34.25 and a beta of 1.09. Mastercraft Boat Holdings, Inc. has a 1-year low of $16.46 and a 1-year high of $28.44. The business has a 50-day moving average price of $22.70 and a two-hundred day moving average price of $21.31.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate 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 10.56% and a net margin of 3.72%.The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. As a group, equities analysts predict that Mastercraft Boat Holdings, Inc. will post 1.54 EPS for the current year.

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.