Lazard Asset Management LLC Makes New $2.25 Million Investment in Mastercraft Boat Holdings, Inc. $MCFT

Lazard Asset Management LLC bought a new position in Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 109,586 shares of the company’s stock, valued at approximately $2,248,000.

Other institutional investors also recently modified their holdings of the company. Sei Investments Co. increased its position in shares of Mastercraft Boat by 96.1% during the first quarter. Sei Investments Co. now owns 30,118 shares of the company’s stock valued at $618,000 after acquiring an additional 14,760 shares during the last quarter. State of Wyoming grew its stake in Mastercraft Boat by 5.1% in the 1st quarter. State of Wyoming now owns 17,736 shares of the company’s stock valued at $364,000 after purchasing an additional 867 shares during the period. Dimensional Fund Advisors LP grew its stake in Mastercraft Boat by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 859,835 shares of the company’s stock valued at $17,636,000 after purchasing an additional 28,063 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Mastercraft Boat during the 1st quarter valued at $253,000. Finally, Millennium Management LLC purchased a new stake in shares of Mastercraft Boat during the 4th quarter valued at $306,000. 97.64% of the stock is owned by institutional investors.

Mastercraft Boat Price Performance

NASDAQ:MCFT opened at $23.92 on Monday. The company has a market capitalization of $389.42 million, a P/E ratio of 35.18 and a beta of 1.06. The business has a fifty day simple moving average of $23.90 and a two-hundred day simple moving average of $22.87. Mastercraft Boat Holdings, Inc. has a 1 year low of $17.19 and a 1 year high of $28.44.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $78.21 million for 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 business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. As a group, analysts anticipate that Mastercraft Boat Holdings, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MCFT has been the topic of a number of recent analyst reports. Robert W. Baird set a $30.00 target price on Mastercraft Boat in a research note on Friday, May 8th. Weiss Ratings downgraded shares of Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Zacks Research lowered shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Finally, Truist Financial boosted their target price on shares of Mastercraft Boat from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.40.

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.