Mastercraft Boat (NASDAQ:MCFT) Rating Increased to Strong-Buy at Wall Street Zen

Mastercraft Boat (NASDAQ:MCFT) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday.

MCFT has been the subject of several other reports. B. Riley raised their price objective on shares of Mastercraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Truist Financial set a $21.00 target price on shares of 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 report on Tuesday, November 25th. Raymond James Financial raised their price target on Mastercraft Boat from $21.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, Robert W. Baird lifted their price objective on shares of Mastercraft Boat from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.00.

Mastercraft Boat Stock Performance

NASDAQ:MCFT opened at $19.70 on Friday. Mastercraft Boat has a 52-week low of $14.39 and a 52-week high of $23.93. The company has a market cap of $320.91 million, a price-to-earnings ratio of 20.31 and a beta of 1.09. The stock’s fifty day moving average price is $19.58 and its two-hundred day moving average price is $20.07.

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

Insider Activity at Mastercraft Boat

In other news, major shareholder Fund L.P. Forager sold 58,066 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $20.37, for a total transaction of $1,182,804.42. Following the sale, the insider directly owned 1,699,928 shares in the company, valued at approximately $34,627,533.36. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 103,857 shares of company stock worth $2,121,382 over the last quarter. Company insiders own 2.50% of the company’s stock.

Institutional Trading of Mastercraft Boat

Several institutional investors have recently modified their holdings of MCFT. SummerHaven Investment Management LLC increased its stake in shares of Mastercraft Boat by 2.0% in the second quarter. SummerHaven Investment Management LLC now owns 44,177 shares of the company’s stock valued at $821,000 after buying an additional 854 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Mastercraft Boat by 1.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company’s stock valued at $1,313,000 after buying an additional 1,188 shares during the period. First Trust Advisors LP boosted its holdings in shares of Mastercraft Boat by 3.1% during the 2nd quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock worth $767,000 after buying an additional 1,259 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Mastercraft Boat by 16.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock worth $210,000 after buying an additional 1,394 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of Mastercraft Boat during the 3rd quarter worth approximately $32,000. Institutional investors own 97.64% of the company’s stock.

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.