Insider Selling: Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Sells $622,679.50 in Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 26,497 shares of Mastercraft Boat stock in a transaction on Friday, February 20th. The stock was sold at an average price of $23.50, for a total value of $622,679.50. Following the transaction, the insider owned 1,611,277 shares in the company, valued at approximately $37,865,009.50. This represents a 1.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Thursday, February 19th, Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock. The shares were sold at an average price of $23.43, for a total transaction of $705,969.33.
• On Wednesday, February 18th, Fund L.P. Forager sold 19,050 shares of Mastercraft Boat stock. The stock was sold at an average price of $23.72, for a total transaction of $451,866.00.
• On Tuesday, February 17th, Fund L.P. Forager sold 12,163 shares of Mastercraft Boat stock. The stock was sold at an average price of $23.74, for a total transaction of $288,749.62.

Mastercraft Boat Price Performance

NASDAQ:MCFT opened at $22.64 on Friday. The company’s 50-day moving average is $21.78 and its two-hundred day moving average is $20.95. Mastercraft Boat Holdings, Inc. has a 1-year low of $14.39 and a 1-year high of $26.49. The firm has a market capitalization of $368.69 million, a price-to-earnings ratio of 23.58 and a beta of 1.07.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. The business 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 firm earned $0.10 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. 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. As a group, equities analysts anticipate that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on MCFT shares. Loop Capital started coverage on Mastercraft Boat in a research note on Monday, December 22nd. They issued a “hold” rating and a $21.00 price target on the stock. Robert W. Baird set a $28.00 target price on shares of Mastercraft Boat in a research report on Friday, February 6th. Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a research note on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.60.

Institutional Trading of Mastercraft Boat

Institutional investors and hedge funds have recently bought and sold shares of the business. Coliseum Capital Management LLC lifted its position in shares of Mastercraft Boat by 3.8% during the fourth quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock worth $69,918,000 after purchasing an additional 134,807 shares in the last quarter. Forager Capital Management LLC increased its stake in Mastercraft Boat by 6.2% during the 2nd quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock worth $33,499,000 after buying an additional 105,280 shares during the period. American Century Companies Inc. lifted its holdings in Mastercraft Boat by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock worth $10,000,000 after buying an additional 36,569 shares in the last quarter. Royce & Associates LP boosted its position in Mastercraft Boat by 19.0% in the 4th quarter. Royce & Associates LP now owns 305,466 shares of the company’s stock valued at $5,776,000 after buying an additional 48,764 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Mastercraft Boat by 26.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 272,749 shares of the company’s stock valued at $5,158,000 after buying an additional 56,873 shares during the period. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

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.