Mastercraft Boat Holdings, Inc. $MCFT Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) by 7.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 538,225 shares of the company’s stock after buying an additional 36,569 shares during the quarter. American Century Companies Inc. owned about 3.24% of Mastercraft Boat worth $10,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mastercraft Boat by 131.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 108,193 shares of the company’s stock valued at $1,863,000 after acquiring an additional 61,399 shares during the period. Nuveen LLC purchased a new stake in Mastercraft Boat in the 1st quarter valued at $906,000. LHM Inc. boosted its stake in Mastercraft Boat by 106.8% during the 1st quarter. LHM Inc. now owns 177,406 shares of the company’s stock worth $3,055,000 after purchasing an additional 91,616 shares during the period. Wellington Management Group LLP boosted its stake in Mastercraft Boat by 10.4% during the 1st quarter. Wellington Management Group LLP now owns 259,869 shares of the company’s stock worth $4,475,000 after purchasing an additional 24,445 shares during the period. Finally, Systematic Financial Management LP grew its position in Mastercraft Boat by 0.7% during the 1st quarter. Systematic Financial Management LP now owns 1,078,836 shares of the company’s stock worth $18,578,000 after purchasing an additional 7,412 shares during the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Mastercraft Boat Price Performance

Shares of NASDAQ:MCFT opened at $18.59 on Friday. The firm has a market capitalization of $302.83 million, a price-to-earnings ratio of 19.16 and a beta of 1.09. The business’s 50 day simple moving average is $20.05 and its 200-day simple moving average is $19.91. Mastercraft Boat Holdings, Inc. has a 12 month low of $14.39 and a 12 month high of $23.93.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.12. The firm had revenue of $69.00 million during the quarter, compared to the consensus estimate of $66.96 million. Mastercraft Boat had a return on equity of 8.09% and a net margin of 5.50%.Mastercraft Boat’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business 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 analysts anticipate that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MCFT. Robert W. Baird increased their target price on shares of Mastercraft Boat from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a research note on Monday. Truist Financial set a $21.00 price objective on Mastercraft Boat in a research report on Friday, October 24th. Zacks Research downgraded Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Raymond James Financial upped their price target on Mastercraft Boat from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $23.00.

Insider Activity

In related news, major shareholder Fund L.P. Forager sold 58,066 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $20.37, for a total value of $1,182,804.42. Following the sale, the insider directly owned 1,699,928 shares in the company, valued at $34,627,533.36. The trade was a 3.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 103,857 shares of company stock worth $2,121,382. Insiders own 2.50% of the company’s stock.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.